Bitcoin mining rig producing giant, Bitmain has released a public statement saying that it strongly condemns co-founder Micree Zhan’s attempts to regain control over Fujian Zhanhua Intelligence Technology Co. Ltd.

According to the official Weibo post on Monday, Bitmain said Zhan ignored the common interest of the company and all employees and filed a lawsuit maliciously, amidst this COVID-19 pandemic. Bitmain claims Zhan’s action has interfered with the company’s normal operations and affected growth.

Zhan filed the lawsuit last month against Fujian Zhanhua Intelligence Technologies in the Changle District court in China’s Fujian province. Zhan’s lawsuit comes after his fellow co-founder, Jihan Wu ousted him from the company in October, 2019. During that time, Wu issued a strict warning to all Bitmain employees not to contact or attend meetings with Zhan.

According to the filing, Zhan alleged that he owned 36% of the company’s shares. The court also sided with him to freeze 36% of the company’s shares owned by Bitmain. Fujian Zhanhua is a 100% subsidiary of Beijing Bitmain, whose parent company is Bitmain Technologies Holding. Since his dismissal, Zhan has filed 2 complaints against Bitmain and its subsidiary, Fujian Zhanhua Intelligence Technologies.

However, Bitmain stated in their latest official statement that the case that Zhan has submitted has no proof. Hence, making his claims baseless in front of the law. According to Bitmain, the court’s earlier ruling is only a procedural jurisdiction ruling. Adding that, the case is ongoing and the final judgement has not been announced yet.

As a way of retaining the people’s trust in Bitmain, the company mentioned that the results of this case will not have any impact on its normal production and operation. It also assured its users that Fujian Zhanhua will continue to be under the absolute control of Bitmain.