Jihan Wu’s BitDeer Looking to Buy Distressed Assets as Mining Rigs Get Cheaper

Oct 10, 2022

BitDeer, a crypto mining operation backed by former Bitmain CEO Jihan Wu, has set up a $250 million fund to buy distressed assets from Bitcoin miners according to statements made by its CEO, Matt Kong, to Bloomberg. Kong suggests that they are taking advantage of the market cycle ...

Matrixport Highlights Competition Ramping Up in NFT Lending, Fractionalization Space

Mar 25, 2022

There is intense competition between the lending and fractionalization verticals of the non-fungible token (NFT) space as their protocols offer similar product features and road maps, one of Asia’s digital assets financial services platforms has reported in a new study. Singapore-based Matr...

Canaan in Best Single Quarter, Kickstarts Joint Mining Operations in Kazakhstan

Nov 22, 2021

Following its reported revenue increase in Q3, Canaan says it has completed the successful delivery of over 2,000 Avalon miner units in Kazakhstan to kickstart its joint mining operations with its top three customers authorized by the Central Asia country’s Ministry of Energy. The supe...

Jihan Wu’s Matrixport Launches ETH 2.0 Staking Offering 

Aug 26, 2021

Jihan Wu’s company has joined the league of platforms offering users a way to earn yields from their Ethereum 2.0 (ETH 2.0) lock-up as rewards and mining revenues. Singapore-based Matrixport, Wu’s second adventure after leaving as the co-founder of mining chip company Bitmain Technol...

Crypto Market Grows, Jihan Wu’s New Firm in $1bln Valuation

Aug 3, 2021

The second adventure of Jihan Wu after leaving as the co-founder of mining chip company Bitmain Technologies has reported closing a Series C funding round with a valuation of over US$1 billion in two years. The $129 million raised to date puts Matrixport, which was established in 2019,...

Bitmain Co-founder Jihan Wu Says More Institutions Are Going Into Cryptocurrency Mining

Apr 23, 2021

Jihan Wu, the co-founder of Bitmain, the world’s largest Bitcoin mining hardware manufacturer, recently spoke at an online event where he shared his thoughts on the cryptocurrency mining industry. The conference was hosted by BitDeer.com, a global leader in digital asset mining and cloud ser...

Bitmain’s Jihan Wu Addresses The Company’s Bitcoin Cash (BCH) Position

Apr 21, 2021

Jihan Wu, the co-founder of China’s largest bitcoin mining hardware manufacturer Bitmain, has addressed the company’s Bitcoin Cash (BCH) position in a series of posts on social media network Weibo. Wu reflected on the current position Bitcoin (BTC), the world’s largest cryptocurren...

Bitmain Struggle Heats up as the Two Battling for Control of Mining Farms and Antminers Inside

Jul 23, 2020

The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...

What on Earth Happened at Bitmain? Feud, Coup, Spat, Physical Fight and More

Jun 5, 2020

The power struggle inside the bitcoin mining giant Bitmain has once again intensified over these days, as the previously ousted co-founder Micree Ketuan Zhan on Wednesday led a team of guards “break into” Bitmain’s Beijing office to claim his return. Apart from resorting to the use of...

Bitmain Drama Continues with the Company’s Business License Robbed and Jihan Calling Micree Bullshit

May 8, 2020

Bitcoin mining giant Bitmain's power struggle has been intensified as previously ousted co-founder Ketuan Zhan was mobbed when he was authorized to get the company’s business license. On Friday morning, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by...