Bitmain Prepares For CEO Transition As Co-Founders Step Down

Reshuffling continues at Bitmain after a harsh December saw company-wide layoffs. Jihan Wu and Micree Zhan are reportedly out as co-CEOs. In November 2018, ETHNews covered mining giant Bitmain’s restructuring after Nishant Sharma, the company’s international marketing manager, reported that co-founder and co-CEO Jihan Wu would reposition and continue on with the company as a…

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Bitcoin Miner 'Canaan Creative' IPO Will Not Happen in 2018

Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. Canaan Allows $400 Million IPO Application to Lapse According to Reuters, Canaan Creative allowed its $400 million…

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Bitmain Files for Hong Kong IPO, Releases First Public Financial Statement

Bitmain has filed an IPO prospectus short on listing details but providing information on its financial performance in the first half of the year. Chinese cryptocurrency mining giant Bitmain officially filed on Wednesday a draft application for its highly-anticipated initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX). In the preliminary document, the…

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