Conflict between the founders of Bitmain was allowed to pay out $ 600 million

The conflict between the co-founders of Bitmain, which lasted for about a year, was completed with agreements on the company in the amount of $ 600 million.

Aftera few months of fighting for control overBy the company, Bitmain co-founders Jihan Woo and Mikri Zhang have agreed to an agreement. In the words of the Chinese expert in the field of cryptocurrencies Kolina Bu and many local publications, Jikhan B will receive a payment of about $ 600 million, for which in total

In the conflict management framework, you willthe company, having saved the BTC.com mining pool for its mining pool, as well as the teeth-cutting Bitmain mining centers. In this way, Zhang will no longer have Antpool's mining pool and Bitmain's mining farms in China.

According to the conditions of the transaction, Zhang will stop teachinga department of artificial intelligence (AI) and a company for the production of equipment for mining. He temporarily pledges his shares to raise $ 600 million, which is necessary to buy out B's share in the company.

The Sequoia Capital Company will enter the pegovopax inBy the quality of the regulating agency-agent, the transaction will be authenticated at the prior meeting of shareholders, scheduled for 28 December. However, it is generally accepted that the current terms and conditions of the agreement may change during the interim period.

However, sharing Bitmain's assets makes both co-founders a competitor. In addition, until the end of 2022, in the framework of the agreement, Zhang will complete an initial public offering of shares in the United States.

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