Abandon Ship

According to the South China Morning Post, the world's biggest bitcoin mining rig maker has made substantial changes in its senior management.

Citing anonymous sources familiar with the matter, the outlet reports that both Wu and Zhan will quit handling day-to-day business activities at the company. Their successor is reportedly a product engineering director at a company based in Beijing – Wang Haichao.

While no formal statement has been made yet, the sources reveal that Wang has already taken duties over from both Zhan and Wu.