The head of the largest manufacturer of mining equipment, Bitmain Jihan Wu resigned from the Board of Directors of the company and assumed the position of supervisor. It is reported portal 8btc.

According to the lawyer Bitmain, with the transition to a new position, Wu lost the right to vote in the decision-making process by the Board of Directors therefore no longer be able to influence the management of the company.

According to the published document, in addition to Wu of the management team came three more functionaries. Changes allegedly came into force on 7 November.

The reasons for this decision were not disclosed. However, according to some rumors, Jihan 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.

We will remind, in September the company Bitmain has submitted to the Hong Kong stock exchange a formal application for the IPO. Now she is pending.

In November Bitmain announced plans to employ 90,000 devices Antminer S9 in the Xinjiang Uygur Autonomous region, before coming hardforum Bitcoin Cash November 15.