Ousted Bitmain Co-Founder Wins Partial Victory in Latest Legal Battle
Micree Zhan persuaded a Beijing municipal agency to stop Bitmain from changing its local legal representative – but not to give him back the title.
Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer.
Staff at bitcoin miner manufacturer Bitmain are being forced to choose between its two co-founders as a long-running feud over control of the firm worsens.
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.
Bitmain remains at the center of the crypto economy. But in China, "mining avengers" are racing to catch up.
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.