Bitmain management: “the departure of Jihan Wu will not affect the supply of ASIC miners»

Bitmain management: “the departure of Jihan Wu will not affect the supply of ASIC miners»

ASIC miner manufacturer Bitmain said that the departure of Jihan Wu as CEO will not affect the production and supply of mining equipment.

Last year, the company suspended the supply of chips and ASIC miners due to the conflict between the co-founders of Bitmain-Micree Zhang (Micree Zhan) and Jihan Wu (Jihan Wu), who fought for control of the company. Six months ago, Mikri Zhang temporarily banned the shipment of equipment from the Shenzhen factory for an unknown reason.

The delays caused miners to start buying equipment on the secondary market at a much higher price. Recently, Jihan Wu announced the final settlement of differences with Zhang and his departure from the company. After the release of this information, the Bitmain team said that the company will resume its work in the same mode:

“Internal changes at Bitmain will not affect the production, sale, or 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 manufacturer of ASIC miners in the world. In addition to mining cryptocurrencies, Zhang sees great prospects in the field of artificial intelligence (AI), so the company sought to develop this direction. It is possible that Zhang will continue to work on the development of AI chips in parallel with the preparation for the IPO.

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