Jihan Wu regained control of Bitmain

Jichans in (Jihan Wu) It was possible to restore control over the manufacturer of Bitmain mining equipment - he became the official representative and general director of the company.

Updated business registration data in China is said, that Jihan has become again General Director and Legal Representative of Beijing Bitmain Technology - Bitmain Operational Unit. Mikri Zhang (Micree Zhan) Lost these positions, although it remains the main management company.

Note, that the status of the legal representative of the company in China gives broad powers for doing business. It is the legal representative who usually stores the official seal of the company, which is certified important management decisions.

In the official Antminer brand account on the social network, WeChat confirm the entry of Jihan at the position, And also then, that the attitude to Zhang "remains unchanged". According to the statement, Jihan will work on that, to solve all the problems for employees, Bitmain partners and clients.

"IN 2020 year the struggle for power caused damage to the market share of Bitmain, As well as the image of the company. We have lost customers, and the employees forced to take the side of one of the co-founders. Various events prevented us from reaching the exchange, And the promised option for shares for employees became a useless piece of paper ", - noted the General Director of Bitmain.

As a result of the Bitmain power struggle, actually, It was divided into two companies with various production chains and customer work departments. This led to a breakdown of equipment supplies and customer loss.

Recall, that in October last year, Jihan accused Mikri Zhang of unsuccessful business solutions and shifted him as the general director. Zhang did not put up with the situation and filed several claims against Bitmain, And in June, he "took storm" the company's office in Beijing.

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