How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.
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.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
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.
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.