Jihan Wu Steps Down as Bitmain CEO, Chinese Media Reports

Jihan Wu, the successful businessman who turned Bitmain into an empire in the world of crypto-mining, is about to reach the end of his career as CEO of that company. According to an article published by the South China Morning Post, the Bitmain board of directors would have decided to relieve Jihan Wu and Ketuan Zhan of their positions as heads of the company. Everything seems to indicate that the potential successor of the two will be Haichao Wan, who currently serves as product engineering director. Although the information was made public recently, an unidentified source stated that Mr. Wan had already taken over Jihan and Ketuan Zhan’s responsibilities on a transitory basis since December. Although the company has maintained a strict level of secrecy, the probable cause of this movement could have been the substantial economic losses generated by Jihan Wu’s management after the unfortunate decision to support BCH…

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