Bitmain Replacing CEO Jihan Wu

Bitmain – the world’s leading maker of cryptocurrency mining rigs, is set to appoint a new Chief Operating Officer. The co-founders of the company Jihan Wu and Micree Zhan Ketuan, are stepping down from day-to-day affairs. Abandon ShipAccording to the the world’s biggest bitcoin mining rig maker has made substantial changes in its senior management.Citing anonymous sources familiar with the matter, the outlet reports that both Wu and Zhan will quit handling day-to-day business activities at the company. Their successor is reportedly a product engineering director at a company based in Beijing – Wang Haichao.While no formal statement has been made yet, the sources reveal that Wang has already taken duties over from both Zhan and Wu.Prior to Bitmain, Wang was working at a semiconductor design house called Availing from 2010 to 2017. He’s a graduate from what’s considered to be China’s MIT – Tsinghua University.Bear Market Taking its Toll2018…

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