It is said that the "debt" has been paid and Bitmain will hold a conference in Hainan to promote sales (Bitmain Series 25)

Wu Blockchain exclusively learned that Bitmain will hold a mining conference in Sanya, Hainan in early November to promote the sales and promotion of related businesses at the end of the year and next year. In addition to mining machine sales, mining pools, cloud computing power, finance and other business departments will also participate in co-hosting.

At the same time, Wu said that the blockchain has learned that Bitmain's second supply chain in Shenzhen has started to deliver goods steadily, and many large miners have received the goods and started mining. It is expected that the second supply chain will clear the previous "debt" in October, and officially catch up and sell November futures in November.

On July 6, 2020, Wu Jihan established Shenzhen Silicon Yanghang Technology Co., Ltd. for shipment, which is the so-called "second supply chain". Shenzhen Century Cloud Core, the former Bitmain factory, is in a state of suspension due to the control of Zhan Ketuan. Currently, a large number of lawsuits have followed, and some mining machines have been seized.

There is also a rumor surrounding the Sanya meeting, that is, Zhan Ketuan and Wu Jihan will attend the Sanya Miners Conference together and announce a settlement. The organizer of the conference explicitly denied this news. Previously, Wu Blockchain also disclosed that the two sides have proposed 6 possible negotiation plans, but each one is full of difficulties and there is almost no progress.

Of course, we cannot rule out the possibility of a breakthrough within half a month. But from a rational point of view, before the Cayman lawsuit has a decisive progress in favor of one side, it is impossible for either party to make a major compromise. (After all, holding the Antminer supported by TSMC is still too profitable)

From the perspective of Micree Zhan, he believes that he is the major shareholder and Cayman will win, so he will naturally not compromise. The current settlement is only a stopgap measure. From the perspective of Jihan Wu, he has the support of most customers, employees, and investors, so he will naturally not be willing to give up.

Reference: Did Wu Jihan and Bitmain reach a settlement in January? Did Zhan Ketuan really lose? (Bitmain Series 24)

Another rumor was released to the media by a mining company , saying that under the pressure and matchmaking of Shen Nanpeng , Zhan Ketuan and Wu Jihan withdrew their lawsuits against each other . Zhan Ketuan led the mining machine, and Du Shisheng was responsible for sales; Wu Jihan led the finance, and Li Kuang was in charge.

Several insiders revealed that the purpose of releasing this rumor was that a miner was trying to ship goods and used the media to release false information. Later, the media also found out that it was wrong and immediately deleted the article. Several miners also reported that one party sold some faulty mining machines in the warehouse to uninformed customers in order to obtain cash, which led to rights protection. Currently, the reputation is very bad and no one dares to buy. Several major miners in the industry also reminded that before purchasing a mining machine, you must consult the other party's reputation and history to avoid being deceived.

Finally, there is another rumor that after Huawei's production capacity was withdrawn, Bitmain gained some new production capacity, which in turn caused some panic among other manufacturers, because in the case of insufficient production capacity of Samsung, a large number of S19 shipments will increase the overall computing power. This rumor has also been refuted by people in the supply chain. The priority of mining machine chips is relatively low. At present, TSMC's original Huawei production capacity will be supplied to Apple, Qualcomm, Nvidia, AMD and other major manufacturers first, and there is not much left for Bitmain.