<p>A local court in China’s Fujian province has frozen Bitmain’s 3.6 million yuan (~$514,000) worth of stake in its subsidiary Fujian Zhanhua Intelligent Technology Co.<br /> <br /> The freezing will last for three years - from Dec. 16, 2019 to Dec. 16, 2021, according to information from local business data and investigation platform Tianyancha.<br /> <br /> <img class="aligncenter size-full wp-image-50799" src="https://www.tbstat.com/wp/uploads/2019/12/Screen-Shot-2019-12-17-at-1.11.00-AM.png" alt="" width="2504" height="1404" /><br /> It is not clear why the court has seized Bitmain’s stake, but some reports say it is an attack by co-founder Micree Ketuan Zhan, who was <a href="https://www.theblockcrypto.com/linked/44989/bitmain-co-founder-and-executive-director-micree-zhan-is-out-abruptly">abruptly ousted</a> by Bitmain’s another co-founder Jihan Wu in October.<br /> <br /> Bitmain now has more than $1 million worth of assets frozen. Just yesterday, a Chinese district court <a href="https://www.theblockcrypto.com/linked/50668/bitmain-has-680k-assets-frozen-due-to-contract-dispute">approved</a> a request to seize around $675,800 worth of Bitmain's assets. The request was submitted by electronic device vendor Dongguan Yongjiang Electronics Co, which is currently locked in a sales contract dispute with Bitmain's subsidiary Shenzhen Century Cloud Core Technology Co. The seized properties are under contention and will go to Yongjiang should the court rule in its favor.</p>