Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle – Yahoo Finance

Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle – Yahoo Finance


Zhan Ketuan, the once-ousted Bitmain co-founder who returned to power earlier this month, is proposing a solution to end the firm’s internal war.

Bitmain employees, at a company valuation of $4 billion.” data-reactid=”20″>In a letter Sunday, Zhan, who as Bitmain’s biggest shareholder owns 36% of its stock, offered to buy back shares possessed by rival co-founder Wu Jihan, several founding members and some of Bitmain employees, at a company valuation of $4 billion.

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