Bitmain Allegedly Lines up new CEO to Replace Jihan Wu4

There are always some developments taking place behind the scenes of the cryptocurrency world. Although the following rumor has not been officially confirmed by the company in question, it would appear there is some genuine mainstream media attention for this development. It would appear Jihan Wu is stepping down as Bitmain CEO because he is allegedly growing concerned over the company’s financial state.

It has been a pretty interesting year for Bitmain throughout 2018. Although a growing portion of the cryptocurrency community has seemingly taken an adverse stance toward this company, their continued push to develop and ship out ASIC miners shows the cryptocurrency mining ecosystem is still in a good place. Even so, the influx of ASIC miners has also caused a few network disruptions in the process, which is part of why some people are not too pleased with this company as a whole.

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