Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.
Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.
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.
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.