Editor's Note: This article comes fromHoneycomb Finance News (ID: fengchao-caijing), Author: asked, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Honeycomb Finance News (ID: fengchao-caijing)
Honeycomb Finance News (ID: fengchao-caijing)
, Author: asked, reproduced by Odaily with authorization.
A month ago, Wu Jihan presupposed the "possible sabotage actions taken by Ketuan Zhan", and now it has been partially verified.
At the end of April, when Ketuan Zhan recaptured the legal representative of Beijing Bitmain Technology Co., Ltd. through administrative reconsideration, Bitmain had some predictions about his possible actions, such as "shocking" Beijing Bitmain's office and "pretending" to be the legal representative of Beijing Bitmain Sign contracts or transfer assets, "threat" employees of the company, and "instigate" separation of employees.
The employees of Bitmain also immediately fell into a dilemma: Go back to work, as if they are standing in line; don’t go back, not to mention the impact on income and social security, and even affect the settlement of points. This kind of complaints from employees keeps coming and going on social apps in the workplace.
Today, the battle between the two bosses has affected not only the employees. Yesterday, some media reported that Ketuan Zhan, who returned to Bitmain, prohibited his employees from delivering goods to paying customers.
The former co-CEO turned against each other, and the damage brought to Bitmain began to appear. During the month of escalating internal strife, some customers first reported the high failure rate of the Antminer S17+, and then a research report showed that part of Bitmain’s market is being replaced by MicroBT.
Outsiders are worried that the end result of the two tigers fighting will be a loser for both sides, and insiders just can't extricate themselves.
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Yesterday, the media Block Rhythm disclosed that after Ketuan Zhan "returned" to Bitmain recently, he took control of its Shenzhen mining machine delivery factory and prohibited employees from delivering goods to paid customers normally, causing problems in the operation of Bitmain's mining machine department.
On June 9, Wu Jihan signed and signed a "Letter to All Employees" signed and signed by Beijing Bitmain Technology Co., Ltd. (hereinafter referred to as "Beijing Bitmain"). It was resolved through legal means and reiterated that the previous resolution to dismiss Ketuan Zhan is still valid.
If the failure of the customer to receive the goods did happen due to Zhan Ketuan's obstruction, the return of the "legal representative of Beijing Bit" not only demonstrated his authority, but also demonstrated his destructive power to the company's interests.
Regarding Zhan's "sabotage", Wu Jihan probably expected it at the end of April. At that time, he was quite dissatisfied with the fact that Ketuan Zhan used administrative reconsideration to seize the legal representative of Beijing Bit, and he presupposed the possible consequences of "misregistration", and called it "a sabotage action that Ketuan Zhan may take."
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Bitmain’s statement on April 29
Although the wording of that statement at the time was full of "big-character posters", it now appears that some parts are becoming a reality.
On May 8, two waves of Zhan and Wu fought for the Beijing Bit business license in the "Quan Wu Xing". After that, Ketuan Zhan dismissed Liu Luyao as the legal representative of Beijing Bit. On June 1, internal information suspected of Ketuan Zhan's decision to use the new official seal was posted on the Internet.
The people who are most likely to be affected by such actions are Bitmain’s mining machine customers. In the future, who will sign the contract will become a problem.
On the workplace social platform Maimai, a suspected Bitmain employee said that after Ketuan Zhan arrived at the company, he sent big red envelopes to those who went back to work. Zhan's HRD, who was previously cleared out of the company, also took up his post again.
Employees who do not need to work intensively during the epidemic may originally want to take advantage of this period to wait for the two "fairies to fight" to decide the winner, but now it is difficult to do so. Mr. Zhan calls you to go back to work, can you come up?
Some people chatted with each other on the workplace social platform Maimai, how to pay the salary later, who will pay the social security, and Bitmain enjoys the benefits of the point settlement policy as a high-tech enterprise, which is not counted.
Regardless of whether Ketuan Zhan has the intention of sabotaging or not, the result that is not conducive to the development of Bitmain has already appeared.
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Ten Profitable Mining Machines "Shenma" Takes the Lead
On the issue of "who is the head of Beijing Bitmain", the two former co-CEOs of Bitmain disagreed on the consensus.
Obviously, Ketuan Zhan feels that whoever has a business license and an official seal is the master of Beijing Bit. So he used administrative reconsideration to "roll back" the result of Wu Jihan's dismissal of his legal representative as a shareholder decision in October last year, allowing his name to reappear on the business license.
But Wu Jihan believes that the company has its articles of association, and the board seats and shareholder votes are the last words. Beijing Bitmain’s wholly-owned holding company is Bitmain Technology Co., Ltd. registered in Hong Kong. In Hong Kong Bitmain, Wu Jihan holds the shareholding advantage. It is not impossible to dismiss Ketuan Zhan once after starting the articles of association.
From the battle between Zhan and Wu that started last year to the escalation this year, the negative response to Bitmain has already appeared.
On May 1, Arseniy Grusha, co-founder of Wattum, an American cryptocurrency consulting and mining company, told the media that the company received 420 Antminer S17+ devices in March, and about 30% of the machines began to appear after a month of use. glitch. Typically, faulty products account for only 5-7% of the entire order.
In addition to the failure of mining machine products, the performance and market share of Bitmain mining machines are also declining.
On May 20, the latest report from The Block, a digital asset research institution, showed that after the Bitcoin network rewards were halved, the most profitable mining machine was the Whatsminer M30S++ produced by MicroBT, which "can generate a hash rate of up to 112 TH/S , ranking first with a daily profit of $8.53.” Bitmain’s Antminer S19 Pro can generate a hash rate of 110 TH/S and a daily profit of $8.49. It is worth noting that the Antminer S9, the most popular previous-generation miner, is now barely profitable, generating only $0.52 in profit per day.
