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Wu Jihan Reclaims Leadership at Bitmain: The Battle Between Co-Founders Unveiled

The Comeback of Wu Jihan

In a twist worthy of a tech thriller, Wu Jihan, the co-founder of Bitmain, has re-emerged like a phoenix from the ashes of corporate discord. At a recent client meeting in Chengdu, he not only took the reigns back but also delivered the shocking news that Micree Zhan Ketuan has officially stepped down from his power position.

A Dramatic Exit

It wasn’t just any resignation. Zhan claimed he was unceremoniously ousted, reminiscent of a renegade soap opera where alliances crumble and daggers are drawn. Dispatched via email, Wu’s message was made crystal clear: “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately.”

Feelings of Betrayal

Zhan wasted no time in expressing his views on the betrayal. With heart-wrenching metaphors, he stated, “I felt as if someone had stabbed me in the back by those partners you trusted and brothers you fought together with.” As if that wasn’t enough to stir up sentiments, Zhan declared, “Bitmain is our child. I will fight for her till the end with legal weapons.” Talk about a passionate parent!

New Strategies, New Opportunities

Now that Wu is back in control, he is launching exciting new sales initiatives that promise to draw in fresh clients like a moth to a flame. This includes an enticing offer where bulk buyers of Bitcoin mining rigs can secure their acquisition with just a 20% deposit. Sounds like a deal, right?

The Birth of Matrixport

Additionally, Wu has not been twiddling his thumbs during his absence. In July, he rolled out Matrixport—a new cryptocurrency trading platform promising a buffet of services like over-the-counter trading, lending, and custody. This venture has not only attracted attention but also former Bitmain employees who were unfortunately caught in the storm of layoffs during the 2018 bear market. Coincidentally, Matrixport was also given a promotional nod at the recent event in Chengdu.

For now, it seems like Wu Jihan is not just back in the game; he’s revving up Bitmain’s engines, ready to drive into new territories.

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