Blockchain

Bitmain ready to ditch double-CEO system

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.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.