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According to Chinese media reports, both the Director General Bitmain — Wu Jihan (Jihan Wu) and Mikri Jann (Zhan Micree) — leave your post in the company.

The practice of dual leadership recognized Bitmain failed, and the new CEO will be the man surnamed Wang (Wang), who a few months working in the company.

“This issue is still not resolved, and he currently is in a transition period,” said an insider familiar with the situation in the company.

As recalled by Chinese media, there were rumors that two of the General Director of the mining giant, which owns major blocks of shares, are at loggerheads because of the poor financial performance of the company.

In November it was reported about the changes in the Board of Directors Bitmain, where he was withdrawn four members, including the Cihan Wu.

On the eve it became known about the mass layoffs in the company, which according to Samson Mau (Samson Mow) from Blockstream can be up to 85% of the staff. Bitmain in September filed for an IPO on the Hong Kong stock exchange (HKEX), but recently there have been reports that the exchange and the regulator of Hong Kong have a lot of questions to the company about the sustainability and prospects of the business.

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