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

: Exited to lead the newly independent spinoffs:

The purchase was financed through a from Bitmain’s cash reserves and $200 million in outside funding. Bitmain Co-Founder Exits, Resolving Years-Long ...

: Micree Zhan purchased nearly half of Bitmain’s shares from a group of founding shareholders (including Wu ) for $600 million . : Exited to lead the newly independent spinoffs:

: 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:

: An international mining farm and cloud computing platform with operations in the U.S. and Norway.