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Jihan Wu Announced His Step Down As Bitmain's CEO And Chairman In A Coded Letter
Summary: Bitmain's one-year-long internal dispute finally ended. Jihan Wu post a coded settlement letter on Twitter today. The decrypted letter conducted by The Block shows that the disagreement between the two co-founders of Bitmain, Micree and Jihan Wu, is finally resolved in a friendly and constructive way. As of today, Jihan has resigned from the position of CEO and ...
Bitmain's one-year-long internal dispute finally ended. Jihan Wu post a coded settlement letter on Twitter today.
The decrypted letter conducted by The Block shows that the disagreement between the two co-founders of Bitmain, Micree and Jihan Wu, is finally resolved in a friendly and constructive way. As of today, Jihan has resigned from the position of CEO and Chairman of Bitmain.
Micree purchased almost half of Bitmain’s shares owned by Bitsource for $600 million. The Bitsource represents a group of founding shareholders.
In order to complete the purchase, Micree received a $400 million loan from Bitmain, and he pledged to raise $200 million from outside the group.
By Mary Liu
Tags: Bitmain,Bitsource,Jihan Wu,Micree
Link: Jihan Wu Announced His Step Down As Bitmain's CEO And Chairman In A Coded Letter [Copy]
