/biz/ - Business & Finance

>>14115155

>>11995105
someone is constantly throwing up massive BSV buy walls way above market price as you can see in original pic, can someone explain to a brainlet what the strategy is here?

>>11928604
prease buy my bags round-eye

There will be no home to return to, Jihan.

Follow Roger and kneel.

>>11907259
>imagine having a literal manlet slope as a leader

>>11896636
Jihan is that dragon, he spawned shitcoins to increse Bitmain's sales. CSW is slayering him right before their IPO. Literal 4d chess genius!

>>11888914
Be careful, these scum ABCucks could be setting up a re-org attack as a last ditch attempt, Team SV needs to snuff them out now while their hash is weakened.

>>11876225
>thinks the chinks are behind this

>>11876078
>thinks the chinks are behind this

Bitmain has reportedly made some changes to its board, with several members quitting the board including the company’s co-founder Jihan Wu. It means that the crypto billionaire may no longer participate in the company’s decision-making.

According to the company information registered in local authority, Beijing-based Bitmain, world’s dominant crypto mining hardware manufacturer, has made a big personnel adjustment to its board last week on November 7, a day ahead of the rollout of Antminer S15.

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Four out of six directors have quit the board. Zhao Yifeng, Ge Yuesheng, Zhou Feng, who previously served as directors, all quit the board of directors. Hu Yishuo, who previously served as supervisor, also quit the board of supervisors. Wu Jihan became the supervisor from the board’s executive director, while Zhan Ketuan remains to be Bitmain’s executive director and manager.

As a director, Jihan had the right to vote when the board makes decisions. However, after changing to a supervisor, his power becomes smaller that he can no longer vote. As thus, Wu will be unable to participate in the business decision-making but only serve as a supervisor, said a lawyer.

It remains as of unclear whether the company’s board is preparing yet another strategy shift, considering the mining giant has recently been under the spotlight with the rollout of its next-gen bitcoin miner Antminer S15 and the buzz of the upcoming Bitcoin Cash hard fork.

Why did the company have such a sudden and big board shake-up at a critical time when the company’s IPO application is still underway and at the same time Bitcoin Cash hard fork is imminent?

https://news.8btc.com/jihan-wu-has-no-right-to-participate-in-bitmains-business-operations-after-quitting-board