Bitmain temporarily stopped supplying ASICs due to conflicts within the company
The company claims that it is trying to resolve the issue of supplies through legal channels.
Earlier in Bitmain there was a power redistribution.
Amid the conflict, buyers Bitmain products complained about the quality of mining farms.
International consortium news organizations, developing transparency standards.
ASIC shipments stop after criticism quality products from Bitmain and redistribution of power within the company.
One of the largest manufacturers of equipment for mining cryptocurrency Bitmain has stopped supplying ASICs due to a conflict within the company’s management.
About this reported by the Chinese edition of BlockBeats.
Supply disruption occurs after of how Bitmain co-founder and former CTO Mikri Jean took back control of the company by force.
According to sources BlockBeats, Jean prevents workers at the Shenzhen warehouse from sending ASICs, which caused problems with the supply of mining farms.
Fear and Loathing at Bitmain
Jean continues to control the company after the self-takeover, citing “smart choices” by shareholders after a long-term decision.
The conflict in Bitmain’s management began at the end 2019 of the year.
Then acting on that moment Bitmain CEO Jihan Wu ordered to fire Jean due to ineffective decisions within the company.
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Jean lamented on the illegality of the dismissal and subsequently began a long struggle to regain control over company by initiating some litigation.
Under heavy fire
Delays in the supply of mining farms come amid a raid by the Chinese authorities against cryptocurrency traders.
The authorities launched a large-scale campaign to control the circulation of cryptocurrencies through bank accounts.
As a result of a large-scale audit, It was frozen above 1,000 bank accounts allegedly involved in the mass Ponzi scheme.
Also the situation on market mining is compounded themes, that China’s Sichuan province is experiencing a water shortage, affecting the supply of electricity.
Due to power outages, local cryptocurrency miners had to shutdown mining farms.
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