Bitmain Co-founder Exits, Resolving Years-long ... Apr 2026

The years-long power struggle at Bitmain, the world’s largest Bitcoin mining hardware manufacturer, was officially resolved in . The conflict between co-founders Jihan Wu and Micree Zhan , which involved multiple lawsuits and even physical confrontations at government offices, ended with a $600 million settlement and a formal corporate split. Key Settlement Details (January 2021)

To settle the dispute and streamline the company for a future IPO, Bitmain's businesses were divided between the two founders: Bitmain Co-Founder Exits, Resolving Years-Long ...

: Wu officially resigned as Bitmain’s CEO and Chairman. The years-long power struggle at Bitmain, the world’s

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. The years-long power struggle at Bitmain

A new five-member board was established, with Zhan appointing three members and Wu appointing two. Strategic Business Split