Bitmain Co-Founder Opposes Dismissal

The co-founder of Bitmain, Micree Ketuan Zhan, who was recently terminated by Bitmain’s current CEO Jihan Wu, has publicly opposed layoffs at the firm. Before the next Bitcoin (BTC) halving Bitmain is planning to cut down its workforce by 50%. Zhan has argued on the layoff move Bitmain has proposed. He claimed that cutting Bitmain’s staff in half would  allow other mining firms to grab up Bitmain’s market share.

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