Update: Bitmain may not have replaced Jihan Wu (yet?)

13 Jan, 2019
by David Robb
Update: Bitmain may not have replaced Jihan Wu (yet?)

Rumors have been circulating that Jihan Wu is no longer serving as CEO of Bitmain. A senior executive has now suggested that these might not be true, according to Bitsonline.

Wu's influence over the Chinese crypto mining giant that he co-founded has apparently been waning for many months, and news emerged last week that suggested he had finally been replaced as CEO. Product Engineering Director Wang Haichaho was reportedly taking over the position.

Read more: Jihan Wu replaced as Bitmain CEO

However, the International Communications and PR Director of Bitmain, Nishant Sharma, may now have debunked this story. In an email to Bitsonline, Sharma insisted that reports shouldn't be believed unless they come from the company itself: "Just FYI: if there were a new CEO as you have mentioned, we would let all stakeholders and authorities know through official channels".

Sharma didn't outright deny that Wu had been replaced, so this could just be a case of damage limitation, with Bitmain trying to control the circulation of the story in order to prevent it having any negative impact on its finances. It looks as though we may have to keep waiting patiently for confirmation of the story, with the identity of the firm's CEO being added to the status of its IPO launch as one of the many uncertainties in the ongoing saga of Bitmain.

Read more: 2018: A Bitcoin and cryptocurrency year in review

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