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It absolutely was Launched by Micree Zhan and Jihan Wu in 2013. Before founding Bitmain, Zhan was functioning DivaIP, a startup that authorized end users to stream tv to a display screen by means of a established-prime box, and Wu was a economic analyst and private fairness fund supervisor.[one]
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In 2015, Bitmain was associated with Hong Kong's initially copyright-related litigation within the Large Courtroom (Large Court Motion No. HCA 1980 of 2015) when Bitmain sued among the environment's leading bitcoin investing platforms at some time. Bitmain accused the buying and selling platform of "carelessness and/or safety troubles".[22] With the commencement of proceedings, Bitmain's claim amount of money was around RMB seven-hundred,000. Bitmain's claim was afterwards contested immediately after it absolutely was discovered in the class of your litigation that really serious issues of cyber-protection neglect might have happened on Bitmain's aspect if the transaction were undertaken by Bitmain's team (e.
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