2024

United

Former&nbsp;Bitmain CEO Jihan Wu&nbsp;will be assuming the role of CEO at crypto mining firm Bitdeer as Linghui Kong transitions to the company’s chief business officer.&nbsp;
In a Jan. 29 announcement, Bitdeer <a href="https://ir.bitdeer.com/news-releases/news-release-details/bitdeer-announces-appointment-jihan-wu-new-chief-executive" target="_blank" rel="noopener noreferrer nofollow">said</a> Wu would be moving from his role as chair of the firm’s board of directors to CEO starting on March 1. Wu founded the crypto mining firm in 2020 amid his departure from mining chip manufacturer Bitmain, which he co-founded with Micree Zhan in 2013.
According to Wu, the switch in leadership was aimed at having himself and Kong “focus on [their] respective areas of expertise” and “fully capitalize on emerging strategic growth opportunities.” ​​Kong has served as CEO since January 2021.
<blockquote class="twitter-tweet">
 Today, <a href="https://twitter.com/BitdeerOfficial?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BitdeerOfficial</a> announced that our Founder and Chairman, Jihan Wu, will take on the role of Chief Executive Officer effective March 1, 2024. Mr. Wu will continue to serve as Chairman of the Company’s Board. Our current Chief Executive Officer, Matt Linghui Kong, will… <a href="https://t.co/sCVzDMh4Vm" rel="noopener noreferrer nofollow">pic.twitter.com/sCVzDMh4Vm</a>— Bitdeer (@BitdeerOfficial) <a href="https://twitter.com/BitdeerOfficial/status/1751962567961137244?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 29, 2024</a>
</blockquote>
Related: <a href="https://cointelegraph.com/news/bitdeer-b-riley-financial-agreement-for-150-million-share-purchase" rel="noopener noreferrer nofollow">Bitdeer, B. Riley Financial enter into agreement for $150M share purchase</a>
Wu is also the founder of crypto financial services firm Matrixport. The company <a href="https://cointelegraph.com/news/matrixport-founder-says-dissemination-bitcoin-etf-report-beyond-our-control" rel="noopener noreferrer nofollow">made waves in January</a> after a report from its analysts speculated that the United States Securities and Exchange Commission would not approve listings of spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) exchange-traded funds. The SEC <a href="https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals" rel="noopener noreferrer nofollow">approved such offerings</a> on Jan. 10.
Before his departure from Bitmain, Wu had been engaged in a power struggle with Zhan involving lawsuits and a reported raid on the firm’s Beijing office. Wu stepped down as CEO and officially broke with the company in 2021.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-net-zero-2050-climate-change/" rel="noopener noreferrer nofollow">Bitcoin is on a collision course with ‘Net Zero’ promises</a>

Jihan Wu will take over as Bitdeer CEO in March

Cointelegraph

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