What happened to Bitmain yesterday (Series 4)

Zhan Ketuan is using extremely radical means to require customers and employees to take sides.

What happened to Bitmain yesterday?

In summary, Zhan Ketuan is using extremely radical means to require customers and employees to take sides.

According to reports from Deepin and Blockchain, Zhan Ketuan asked the Shenzhen factory to withhold the miners’ mining machines that have already paid. A miner who had reserved an Antminer S19 miner said that the Antminer S19 series miners that were originally scheduled to be shipped last Saturday have not been shipped yet.

A person suspected to be a Bitmain employee said on Maimai, "We have notified the Shenzhen company that it can only execute the orders of the legal representative. A truck of goods was stopped and not allowed to leave the factory two days ago, and no trucks carrying goods have come in the past few days."

Wu said that blockchain has confirmed from multiple channels that the current shipments in Shenzhen are indeed stagnant. From an analytical point of view, if the two sides cannot negotiate and resolve this issue in time, resulting in the delay of the shipment of the futures that the miners have paid for, it may lead to very bad consequences. After all, if the miners receive the machines one day later, they will earn one day less, and the electricity bills of the mines may still have to be paid. No one knows what will happen. It is not an exaggeration to call it "both sides will perish" or "fish and nets will be broken".

According to Coindesk, Igor Runets, CEO of BitRiver, one of Russia’s largest mining hosting providers, said that customers were dissatisfied with the long waiting times, partly due to internal problems, and many of his customers turned to Bitmain’s main competitor, Shenma Miner.

The pessimistic view is that since Zhan controls the supply chain and Wu controls the finances, the delivery issue will remain deadlocked for a long time. This deadlock will not be resolved unless one party completely gains all power, such as Wu regaining the Beijing legal person, or Zhan winning in the Cayman court, or one party withdraws through negotiation.

In the afternoon, Zhan Ketuan dismissed the former HRD, deputy director of legal affairs and others again. (This time he finally remembered not to disclose his ID number.) It can be expected that Zhan Ketuan will dismiss those who "do not return" one after another.

In addition, Zhan Ketuan issued threats again in the afternoon, demanding that employees end their remote work and that full salaries would only be paid if they clocked in for 13 days in June.

After the Bitmain office was locked up, Wu Jihan asked employees to work remotely from home. Bitmain employees revealed that in response to Zhan Ketuan's threats, Wu Jihan said the company would continue to implement remote work.

At present, the finances are still in the hands of Wu Jihan. Does Zhan Ketuan, who only controls Beijing Bit, have enough cash to pay employees? Will he sell existing machines to other miners to recycle cash flow? It is still unknown.

Original article, author: Wu said blockchain, if reproduced, please indicate the source: http://www.haimanews.com/?p=2406