The head of Bitmain, the largest manufacturer of mining equipment, Jihan Wu resigned from the board of directors and moved to the position of supervisor.
According to the Bitmain lawyer, with the transition to a new position, Wu lost his right to vote in the decision-making process of the board of directors and he could no longer influence the management of the company.
According to the published document, in addition to Wu, three more functionaries left the management team. The changes allegedly took effect on November 7.
The reasons for this decision were not disclosed. However, according to some rumors, Jihan Wu entered into an unspoken confrontation with Bitmain co-founder Micree Zhan, since he is focused on product development in the field of AI and chip production.
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