Bitmain’s two founders to step aside as Chinese cryptocurrency giant taps software coder as new CEO

  • Bitmain accounts for 75 per cent of the world’s specialised computers used to earn new units of digital money

Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain in Ordos, Inner Mongolia. Photo: Bloomberg

Bitmain Technologies, the world’s biggest maker of cryptocurrency mining rigs, is poised to name a new chief executive to replace company co-founders Wu Jihan and Zhan Ketuan, people with knowledge of the matter said.

The potential successor is Wang Haichao, who currently holds the position of product engineering director at the Beijing-based company, but has already taken over duties from co-chief executive Wu and Zhan in a transition period that started in December, according to the people, who asked not to be identified because the information is private.

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.