According to a report by Odaily, Jihan Wu and the Jenke Group are set to retire as CEOs of the company.
Citing an unnamed source familiar with the situation, it claims that Bitmain is in a transition period, with employees apparently not keen on the double-CEO system. A single successor, with the surname of Wang, is now ready to take the reins.
The Odaily story follows reports in November that Bitmain had demoted Wu to supervisor amid speculation of a switch to Bitcoin SV.
now we know why roger looked defeated, csw,calvin have majority hashrate, now price/volume higher for BchSV, jihan wu removed from bitmain position, things are looking grim. BitcoinSV beating them at their own game $bch ?
— MoneyTrigz (@moneytrigz) November 14, 2018
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.