On Dec. 10 Bloomberg reported that Wu Jihan made a public appearance at a private event where he announced that the co-founder of Bitmain, Micree Zhan Ketuan had stepped down from his leadership role at the company.
Earlier Zhan was removed as a legal representative of the company without his consent after Wu Jihan sent out an email stating Zhan had left the company:
“Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately.”
Zhan expressed his disappointment and feelings of betrayal:
“Bitmain is our child. I will fight for her till the end with legal weapons. I won’t allow those who want to plot against Bitmain to succeed. If someone wants a war, we will give them one.”
Now firmly back in control, Wu Jihan announced new sales initiatives to attract new clients, which reportedly includes the promise to seek deposits as low as 20% for those who buy Bitcoin (BTC) mining rigs in large bulk.
Image Credits: Bitmain