10,000 Bitcoin Mining Machines’ Illegally Moved’ From Bitmain Mining Farm

The continuing energy struggle involving the co founders of cryptocurrency mining hardware maker Bitmain, Micree Zhan and Jihan Wu, has allegedly observed 10,000 Bitcoin mining rigs be “illegally moved” from a company-owned facility of Mongolia.

In line with an article published on Bitmain-owned Antminer’s WeChat channel, former employees moved 10,000 Antminer mining equipment far from the mining facility. The magnetic energy generators, which include the flagship S9 microwave models also the S17 and T17 miners, have been reportedly settled around July and caused “serious economic losses to the company and customers.”

The event has reportedly been claimed to authorities, as some of the mining equipment belonged to Bitmain clients who opted to have the mining hardware of theirs be operated and hosted at its mining farms, while providing its earnings. On a post printed on Bitmain’s Weibo account, Micree Zhan accused Wu to become to blame for the “illegal transfer” of this bitcoin mining machines.

With the core of the conflict among both the co founders will be the situation of Bitmain‘s legitimate representative. In October 2019 Wu ousted Zhan, in a move the latter claimed was a bid for an “illegal electric power seizure.”
Moreover , read: Bitmain Co-Founder Micree Zhan Threatens Legal Action Following Sudden Outing

The two Bitmain co founders have since that time been embroiled in a public battle across influence of this cryptocurrency hardware manufacturer, with Bitmain’s chief monetary officer being arrested to May of this season for allegedly participating within an “attack” on Zhan, as soon as he attempted to get control over Bitmain’s Chinese subsidiary by obtaining the role of the authorized representative of its.

In reaction to the alleged attack, Zhan hired guards to forcibly seize control over Bitmain’s office found Beijing. E likewise pursued legal activity to further his efforts. The move watched Bitmain’s Weibo account reaffirm Zhan is actually taken off his role as the firm’s legitimate representative.

The dispute in between Zhan and Wu is actually believed to get launched more than different opinions on Bitmain’s future. While Zhan thinks the firm must diversify and start offering silicon specialized towards man-made Intelligence, Wu has fought for it to get cryptocurrency mining-related operations.