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

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

: Micree Zhan purchased nearly half of Bitmain’s shares from a group of founding shareholders (including Wu ) for $600 million . Bitmain Co-Founder Exits, Resolving Years-Long ...

: A major mining pool was also transferred to Wu’s control as part of his exit. Background of the Conflict A new five-member board was established, with Zhan

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. A new five-member board was established