The latest revelation of the "Shenma Mining Machine Case": Shareholder Wu Gang announced that he would take over the business and is preparing for a US stock listing

Source: Wu says blockchain

The self-media Wu said blockchain broke the news today that Shenma mining machine employees, customers, investment bankers and other parties confirmed the following points:

1. After Yang Zuoxing was arrested, Shenma shareholder and Wu Gang of BiXin announced in a group of employees that he would take charge of Shenma's mining machine business.

2. Shenma Miner's latest product M30 is about to be launched, with a performance of about 38 watts per terabyte. It uses Samsung's 8nm chip, which is higher than the current most powerful Antminer S17Pro.

3. An investment banker close to Shenma revealed to Wu Blockchain that Shenma is indeed preparing for a U.S. stock listing, but there is little hope for a listing until the investigation of Yang Zuoxing is concluded.

According to Wu Blockchain on November 8, it was reported online that Yang Zuoxing, the boss of Shenma Mining Machine, had been taken away by the police for investigation, which may be related to the infringement of the trade secrets of a mining machine manufacturer. Several people from exchanges and mining industries confirmed this news to Wu Blockchain. The person in charge of the Shenma Mining Machine market declined to comment on this.