September 26, 2021

Bitmain’s Antminer says Bitcoin rig sales won’t be affected by CEO departure

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Bitcoin (BTC) mining rig manufacturer Bitmain has issued a notice to customers stating that business operations will resume as normal in light of former chairman and CEO Jihan Wu’s departure from the company.

Orders of Bitmain’s ASIC mining rigs were previously halted temporarily in 2020 during an internal power struggle at the Beijing-based hardware company.

In a dramatic saga that saw Bitmain’s two co-founders, Micree Zhan and Wu, attempt to oust one another from the leadership of the company, Zhan temporarily stopped a Shenzen subsidiary from shipping products to customers, as reported by local outlet The Block Beats at the time.

On Wednesday, hours after Wu amicably left the company (after buying $600 million worth of shares from Zhan and other shareholders), the team behind Bitmain’s flagship Antminer product released a statement telling customers to expect business as normal:

“Antminer is here to inform you that product delivery and sales services will not be affected by Bitmain’s internal changes. Our sales policy for customers remains unchanged, and all signed contracts will continue to perform in accordance with the terms and conditions.”

BitmainTitle: Bitmain’s Antminer says Bitcoin rig sales won’t be affected by CEO departure
Sourced From: cointelegraph.com/news/bitmain-s-antminer-says-bitcoin-rig-sales-won-t-be-affected-by-ceo-departure
Published Date: Wed, 27 Jan 2021 14:27:52 +0000