Beijing-based mining giant, Bitmain has been courting controversies. A week ago, there was a “coup d’etat” in the Bitmain office, when Co-Founder, Jihan Wu’s ordered that the entire company stop taking orders and meeting requests from the Executive Director of Bitmain, Micree Zhan. Soon after which Jihan Wu took over Micree Zhan’s position as the legal representative of Bitmain in China.
In recent developments, Zhan sent an open letter to the employees of the company affirming that he was ousted from his position as the legal representative without his consent. Furthermore, Zhan stated that he would regain his authority over the company via legal means. Blockstream’s CSO, Samson Mow took to Twitter and shared the letter with the community.
Zhan in his letter asserted that he was extremely embarrassed by the company’s latest move of changing the legal representative while he was on a business trip. Furthermore, he went on to express how the current scenario was similar to that of movies and TV shows where “the brother and most trusted partner would actually stab you in the back.”
“If someone wants a war, let’s give them one,” Zhan added in his letter while addressing Bitmain as his child. He asserted that he would protect the company against “setups” and “conspiracies” through legal means.
While elaborating on how Bitmain shelters the world’s best chip design capability, Zhan went on to say,
“We will achieve the goal of 90% market share of BTC mining machine. Our AI business can hit 100 million yuan milestone in terms of revenue in 2019, and we can expect 1 billion yuan in 2020.”
Primitive Ventures’ Dovey Wan commented on the latest drama surrounding the mining giant and tweeted,