Co-founder of Bitmain has denied the rumors about the problems of the company


In anticipation of the hard forks of the network of BCH debate of two opposing teams becomes more rigid, which their leaders Craig and Wu have started to get personal.

In response to the publication in the media and publishing Coingeek about problems in the company Bitmain, a leader in Bitcoin mining associated with large debts to suppliers and on the verge of losing its key supplier of chips, co-founder of Bitmain, Jihan Wu, decided to disprove the rumors. In his statement on Twitter, he noted that the publication and dissemination of false news, is liestos Craig Wright.

Rumors about problems Bitmain

Edition Coingeek recently wrote that, according to information received from different sources close to Bitmain data manufacturer mining equipment is in a difficult financial position and that the company no longer receives chips from its main supplier, the company Taiwan Semiconductor Manufacturing Company (TSMC). The message even stated that Bitmain has a debt to TSMC, more than $300 million.

The total amount of debt the company supplier amounted to $1 billion, and Bitmain was able to pay only $700 million after failing to overpower the remaining debts. While Gigabyte does not respond to press enquiries about debt Bitmain, but according to the latest information, TSMC is unlikely to continue doing business with Bitmain, even in the case of full payment of the debt.

According to the information from other sources the CEO of Bitmain Jihan Wu, not enough money to pay off company debts amounting to approximately a quarter of a billion dollars, and he has less than six months to pay back creditors.


Since news stories had no links to official information or specific instructions on the sources, it gave the opportunity to the Director-General Bitmain to declare the news a fake and say what is false Satoshi Craig Wright.

The confrontation between the two leaders of the teams, each of which sees its proposal to update the network of Bitcoin Cash is the best, even more escalated in September, when developers have been unable to reach consensus.

In the Bitcoin community Cash (BCH) continues to rage controversy in the run-up to November rigid forks. Since the views of groups divided between Craig Wright and Jihan Wu, each of which sees its way further development of the network, it seems that now the debate is entering a new level and spill outside of the community in the form of rumors and recriminations.

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Tags: Bitcoin Bitmain Cash


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