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Bitcoin Miner Maker Canaan Drops 3 Directors in Possible Boardroom Coup

Sources speaking to Chinese media said a dispute at Canaan Creative has led to a power grab by now-Executive Director Nangeng Zhang.

Updated May 9, 2023, 3:09 a.m. Published Jul 9, 2020, 4:03 p.m.
Canaan co-Chairman Jianping Kong is one of three company directors dropped from the miner maker's business registry. (PoolIn)
Canaan co-Chairman Jianping Kong is one of three company directors dropped from the miner maker's business registry. (PoolIn)