Former Bitmain CEO Jihan Wu is set to become the CEO of cryptocurrency mining firm Bitdeer, as current chief Linghui Kong transitions to the role of chief business officer.
This role shift will take effect starting March 1, Bitdeer announced on January 29.
Wu, who founded Bitdeer in 2020 following his departure from Bitmain, will move up from his current position as chair of the board.
The change in leadership is reportedly aimed at allowing both Wu and Kong to concentrate on their specific areas of expertise as the firm capitalises on strategic growth opportunities.