The largest company producing hardware for bitcoin mining Bitmain refuted earlier rumors that the head of the Cihan Wu left the position of Chairman of the Board of Directors. This writes the CCN.

Messages that Jihan Wu and three functionaries resigned from the Board of Directors of the company, appeared yesterday. According to one version, Wu entered into a tacit confrontation with the co-founder of Bitmain Mikri Zhang, because he is focused on product development in the AI area and production of chips.

It was also alleged in local publications, Wu moved to the position of supervisor Bitmain and lost a voice in the decision-making process by the Board of Directors therefore no longer be able to influence the management of the company.

In a letter to the CCN marketing Manager Bitmain Nishant Sharma confirmed that the Board of Directors of the company has undergone personnel changes, but the information about Jihan Wu left the position of Chairman called untrue. He also denied care by other members of the Board.

“According to the established standard practice Bitmain restructuring of the Board of Directors and the entire group. This is done to comply with regulatory requirements in anticipation of the IPO. No Board of Directors left, and co-founder of Jihan Wu will continue to lead the company as co-chair along with Mikri Zhang”, — reads the statement of Nishanta Charm.

Recall that a formal application for IPO on the Hong Kong stock exchange company Bitmain filed in September.

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