Quote from: n00b3rt on March 27, 2019, 06:48:14 PM

But what does it mean for crypto?

It means nothing. Don't expect any type of market movements because of this news, this is just a company sorting out their internal problems, it has nothing to do with crypto or the market.

Quote from: TravelMug on March 28, 2019, 04:40:36 AM

Isn't it he was relegated to a new position prior or during the IPO? So this is not a new news, it was even reported that they have cut the numbers of their employees already since last year.

There were a lot of rumours going around over the past few months about Jihan Wu leaving Bitmain and starting his own mining company focused on BCasH, but it looks like the the rumous were confirmed yesterday, at least the part where he's no longer Bitmain's CEO.