Bitmain has appointed a new CEO
The mining equipment manufacturer hopes that Feng Zhou's experience will open a new chapter in the company's history

01.11.2021 - 11:15
750
1 min
0
.
What's new? Feng Zhou has been appointed CEO and legal representative of the legal entity of the mining equipment manufacturer Bitmain. This is stated in the company's message in WeChat.
What is known about the new CEO? Feng Zhou was the deputy to Bitmain co-founder Ketuan Zhang during the conflict in 2020 between the company's founders Jihan Wu and Mikri Zhang. Zhang will continue to serve as chairman of Bitmain Group. He will be engaged in the development of the company's technical direction, talent training and strategic planning.
As for Zhou, Bitman hopes that his rich experience in supply chain management will open a new chapter in the company's history.
What had happened before? In early October, Bitmain stopped the supply of devices to mainland China due to the local authorities’ pressure on the digital asset market. In addition, the decision was in line with the government's eco-initiatives to neutralize carbon emissions into the environment.
Useful material?
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025
Market
The Taproot Assets network will be used for the integration
Jan 31, 2025