The ex-Bitmain chip designer taking on the cryptocurrency mining giant

Jamie McKane

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The ex-Bitmain chip designer taking on the cryptocurrency mining giant

At Yang Zuoxing’s modest office a short drive from the prestigious Tsinghua University in Beijing, desks are strewn with cryptocurrency mining equipment and cots stand ready for engineers too exhausted to go home after marathon days at work.

This is Yang’s bunker as he fights an uphill battle against Bitmain Technologies -- his old employer and the world’s dominant provider of crypto mining chips -- that may include an initial public offering for Yang’s two-year-old startup as soon as next year.

[Bloomberg]
 
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