Jihan Wu News

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.

Bitdeer said Jihan Wu would be moving from chair of the company’s board of directors to CEO starting on March 1, replacing Linghui Kong.

Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.

An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023.

Matrixport, a part of Jihan Wu’s Bitmain exit strategy, is now valued at over $1 billion in just two years.

“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu.

Bitmain releases a public statement saying that co-founder Zhan’s claims of owning a 36% stake in Fujian Zhanhua are baseless.

The first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action.

The ousted co-founder of Bitcoin mining giant Bitmain — Micree Zhan — has issued a statement opposing purported labor cuts at the firm.

Bitmain-backed Matrixport will extend its trading, lending and custody services in Switzerland through its new Zurich office.

Bitmain co-founder Jihan Wu claimed that he was removed from the company without his consent and has said he will return, by legal methods if necessary.

Sudden change at the top of the mining giant appears unexpected, with fellow co-founder Jihan Wu threatening staff who do not shun Micree Ketuan Zhan immediately.

Speculation remains over whether Jihan Wu will serve as chairman or CEO of Matrix, the upcoming crypto services startup.

Anonymous people familiar with the plans told local mainstream media that Bitmain’s product engineering head will replace the duo.

Unsubstantiated reports quoting a lawyer from Bitcoin mining giant Bitmain suggest co-founder Wu no longer has executive power.