The continuing energy struggle between the co founders of cryptocurrency mining hardware manufacturer Bitmain, Micree Zhan in addition to the Jihan Wu, has allegedly seen 10,000 Bitcoin mining rigs be “illegally moved” out of a company-owned facility in Mongolia.
In line with an article printed on Bitmain-owned Antminer’s WeChat channel, former employees relocated 10,000 Antminer mining machines clear of the mining facility. The magnetic energy generators, which include the flagship S9 microwave models and the S17 and T17 miners, were reportedly moved in July and caused “serious economic losses to the manufacturer and customers.”
The incident has reportedly been said to authorities, as several of the mining devices belonged to Bitmain clientele that opted to own the mining hardware of theirs be operated and also hosted at the mining farms of its, while providing its revenue. Over a post published on Bitmain’s Weibo account, Micree Zhan accused Wu to become to blame for the “illegal transfer” of this bitcoin mining equipment.
From the center of the discord involving both the co-founders will be the placement of Bitmain‘s legal representative. When it comes to October 2019 Wu ousted Zhan, in a move the latter claimed would have been a bid for an “illegal energy seizure.”
In addition, read: Bitmain Co-Founder Micree Zhan Threatens Legal Action Following Sudden Outing
Each of those Bitmain co founders have since then been embroiled within a public war over influence of this cryptocurrency hardware company, with Bitmain’s chief monetary officer getting arrested in May in this year for allegedly participating within an “attack” on Zhan, as soon as he tried to get hold of control of Bitmain’s Chinese subsidiary by purchasing the role of the legitimate representative of its.
Inside reaction to the alleged attack, Zhan hired guards to forcibly take hold of control over Bitmain’s office area contained Beijing. E also pursued legal activity to further his efforts. The maneuver watched Bitmain’s Weibo account reaffirm Zhan happens to be taken off the role of his as the firm’s legal representative.
The dispute between Zhan and Wu is said to have begun more than various notions on Bitmain’s future. While Zhan believes the firm has to diversify and start offering silicon specialized towards artificial Intelligence, Wu has fought for it to obtain cryptocurrency mining related operations.