Haichao Wang Officially Named CEO of Bitmain10

Haichao Wang, formerly mining giant Bitmain’s director of product engineering, has officially been named the company’s new CEO. Bitmain’s former co-CEOs and cofounders, Jihan Wu and Micree Zhan, will continue on as directors, according to a blog post from Bitmain, contributing to the company’s “strategic development.”

The blog post, published at 10 a.m. Beijing time, comes in the wake of Bitmain’s IPO application expiring. (A PR representative from the company, Nishant Sharma, told BREAKERMAG yesterday that Bitmain will reapply for an IPO “at an appropriate time in the future.”)

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