Bitmain Co-founder Exits, Resolving Years-long ... May 2026

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding.

: A major mining pool was also transferred to Wu’s control as part of his exit. Background of the Conflict Bitmain Co-Founder Exits, Resolving Years-Long ...

To settle the dispute and streamline the company for a future IPO, Bitmain's businesses were divided between the two founders: The purchase was financed through a from Bitmain’s

The years-long power struggle at Bitmain, the world’s largest Bitcoin mining hardware manufacturer, was officially resolved in . The conflict between co-founders Jihan Wu and Micree Zhan , which involved multiple lawsuits and even physical confrontations at government offices, ended with a $600 million settlement and a formal corporate split. Key Settlement Details (January 2021) The conflict between co-founders Jihan Wu and Micree

: Retained the hardware manufacturing business and the Antpool mining pool.

: Exited to lead the newly independent spinoffs: