Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position every bit the CEO of the firm.

According to a court filing in Fujan province, Zhan initiated a lawsuit against Bitmain'southward subsidiary Fujian Zhanhua Intelligence Technologies and Beijing Bitmain Technologies.

A hearing on the example was initially scheduled for February. 11. Fujian Zhanhua Intelligence Technologies all the same list Zhan as its legal representative and is one of the four master subordinate entities that made a fabric contribution to Bitmain's fiscal results in its 2018 Hong Kong IPO filing.

Equally Cointelegraph reported in January, Zhan has also initiated courtroom proceedings against Bitmain'south stakeholders in an effort to regain his voting control of the visitor.

Bitmain's shareholder coup

Zhan'south conflict with Bitmain's shareholders surfaced in October 2019, when the company's co-founder, Jihan Wu, announced in an electronic mail that Zhan had left the company. The email read: "Bitmain's co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately."

At the time, Zhan said that he did not go out the firm and was, in fact, removed as a Bitmain legal representative without his consent. He warned those who deprived him of his control over the visitor:

"I will fight for her till the cease with legal weapons. I won't allow those who desire to plot against Bitmain to succeed. If someone wants a war, we volition give them i."

Wu too warned company staff that if they engage in meetings organized by Zhan their employment may exist terminated.