<p>Bitmain co-founder Jihan Wu is no longer the firm's official legal representative, public registration documents show.</p> <p><span style="font-weight: 400;">According to enterprise information database Tianyancha, Wu ceased being Bitmain's legal representative on January 2. Luyao Liu, Bitmain's chief financial officer since 2018, replaced him as the company’s general manager and legal representative. </span></p> <div id="attachment_52013"class="wp-caption alignnone" style="max-width: 810px;"><img class="has-caption size-medium wp-image-52013" src="https://www.tbstat.com/wp/uploads/2020/01/Screen-Shot-2020-01-03-at-12.33.58-PM-800x442.png" alt="" width="800" height="442" /><p class="wp-caption-text"><em>Source: Tianyancha</em></p></div> <p>Wu <a href="https://www.theblockcrypto.com/daily/50746/bitmain-shuffles-sales-exec-team-amid-refocus-on-bitcoin-miner-sales" target="_blank" rel="noopener noreferrer">returned to Bitmain</a> in October, triggering the start of a battle for control of the company that ultimately spilled into public view and resulted in the <a href="https://www.theblockcrypto.com/linked/44989/bitmain-co-founder-and-executive-director-micree-zhan-is-out-abruptly" target="_blank" rel="noopener noreferrer">ouster</a> of co-founder Micree Zhan. <a href="https://www.coindesk.com/bitmain-turmoil-co-founder-and-director-micree-zhan-ousted-from-management" target="_blank" rel="noopener noreferrer">CoinDesk</a> reported at the time that Zhan was previously listed as Bitmain's legal representative in public registration records.</p> <p>Layoffs and a <a href="https://www.theblockcrypto.com/daily/50746/bitmain-shuffles-sales-exec-team-amid-refocus-on-bitcoin-miner-sales" target="_blank" rel="noopener noreferrer">reshuffling</a> of the company's existing workforce followed Wu's return.</p> <p>That conflict entered a new phase last month when, as reported by Bloomberg, Zhan <span style="font-weight: 400;"> <a href="https://www.bloomberg.com/news/articles/2020-01-03/ousted-bitmain-co-founder-wages-battle-for-control-in-court">filed a lawsuit</a> against Bitmain, in which he asked a court in the Cayman Islands to invalidate the shareholder decision that resulted in his ouster. He had previously <a href="https://www.theblockcrypto.com/linked/46196/bitmains-ousted-co-founder-micree-zhan-says-he-will-take-legal-action-to-return-to-the-firm" target="_blank" rel="noopener noreferrer">threatened</a> legal action against Bitmain, and he is now seeking to use the courts to try and regain control of the bitcoin mining giant.</span></p> <p>A recent report from CoinShares found that Bitmain's <a href="https://www.theblockcrypto.com/post/50274/chinese-bitcoin-miners-control-65-of-the-crypto-networks-processing-power-bitmains-market-share-continues-to-decline" target="_blank" rel="noopener noreferrer">market share slid</a> in recent months even as China's bitcoin miner ecosystem remained a dominant force.</p> <p>At the same time, Bitmain is pursuing <a href="https://www.theblockcrypto.com/linked/50367/chinese-mining-giant-bitmain-is-working-with-two-consulting-firms-to-up-its-sales-in-south-america" target="_blank" rel="noopener noreferrer">business in South America</a>, particularly in Brazil. </p>