ASIC miner manufacturer Bitmain said that Jihan Wu’s departure as CEO will not affect production and supply of mining equipment.
Last year, the company suspended shipments of chips and ASIC miners due to a conflict between Bitmain co-founders Micree Zhan and Jihan Wu, who were battling for control of the company. Six months ago, Mikri Zhang temporarily banned the shipment of equipment from the factory in Shenzhen for some unknown reason.
The delays have led miners to buy hardware from the secondary market at a much higher price. Jihan Wu recently announced the final settlement with Zhang and his resignation from the company. After this information appeared, the Bitmain team announced that the company will resume its work in the previous mode:
“Internal changes at Bitmain will not affect the production, sale and delivery of our products. Our sales policy remains unchanged for customers and all signed contracts will continue to be executed in accordance with the agreed terms. ”
Bitmain was founded in 2013 by Zhang and Wu, and by 2016 had become the largest ASIC miner manufacturer in the world. In addition to cryptocurrency mining, Zhang sees great prospects in the field of artificial intelligence (AI), so the company sought to develop this direction as well. It is possible that Zhang will continue to work on the development of chips for AI in parallel with the preparation for the IPO.
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