Ketuan “Micree” Zhan Ousted to “Save the Ship” of Bitmain

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Bitmain just saw a reshuffle at the top, as Chinese media reported the removal of company director Ketuan “Micree” Zhan. Jihan Wu, co-founder of the company and former CEO, reportedly circulated an email to announce Ketuan Zhan was no longer in charge of decision-making for Bitmain. removal of Ketuan Zhan mystified crypto social media, as Jihan Wu did not seem to have the singular power for such decisions. It is possible the decision was made by the board, or investors, and was only enforced by Jihan Wu.Samson Mow, Bitcoin proponent, commented on the mystifying ousting, which was illogical since Ketuan Zhan is still a large shareholder of Bitmain Beijing. events at Bitmain are still unfolding, and the exact reason for the changes are unknown. Jihan Wu and Ketuan Zhan were moved to less important roles in the company, becoming non-executive directors in the fall of 2018, when Bitmain posted disappointing…

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