A coup at Bitmain, the Chinese company that claims to have three-quarters of the world market for machines that mint bitcoin, has seen one of its founders return from exile to oust the other.
Bitmain, which shelved its initial public offering in Hong Kong earlier this year after a collapse in the price of bitcoin, has seen its fortunes rise again as the cryptocurrency has rebounded.
On Monday, company filings showed that Wu Jihan, who had stepped back from his role at the company, had returned to oust Micree Ketuan Zhan as legal representative and executive director.
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