Tagged: jihan wu

May 3, 2023 @ 1:23 pm By Omar Faridi  |  

Bitdeer Technologies Group (NASDAQ: BTDR), a technology company for the cryptocurrency mining community, and Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan, announce a strategic partnership in order “to develop environmentally sustainable, carbon-free digital asset mining operations in the… Read More

August 2, 2021 @ 8:10 pm By Omar Faridi  |  

Matrixport, which claims to be one of Asia’s fastest-growing digital assets financial services platforms, has finalized its Series C funding round with a valuation of more than $1 billion — just two years after it launched. Matrixport‘s investment round has been led by partners of… Read More

March 29, 2020 @ 2:55 pm By Omar Faridi  |  

Trillions of dollars have been injected into the world’s financial markets in order to stabilize the global economy, following the deadly coronavirus (COVID-19) outbreak. The United States recently reached the highest unemployment rate in its entire history. Even during these times of uncertainty, US crypto… Read More

March 5, 2020 @ 5:18 pm By Omar Faridi  |  

Matrixport, a financial services firm owned by billionaire Jihan Wu, co-founder of giant crypto mining firm Bitmain, is reportedly planning to secure $40 million in capital at a post-investment valuation of $300 million. According to Bloomberg, which cited sources familiar with the matter, Matrixport’s management… Read More

December 12, 2019 @ 2:22 am By Cali Haan  |  

Details have emerged regarding Jihan Wu’s plans to regroup cryptomining hardware giant Bitmain and restore company fortunes after the hostile ouster of co-f0under Micree Zhan earlier this fall. Zhan, an electrical engineer, and Wu, a Beijing tech entrepreneur, co-founded Bitmain in 2013. As one of… Read More

June 6, 2019 @ 10:37 am By Cali Haan  |  

Jihan Wu, departed CEO and co-founder of the world’s largest crypto-mining hardware producer, Bitmain, will launch an OTC cryptocurrency custody and trading desk called Matrix within a month, sources to  The Block report. The unnamed commenters also believe the exchange will have a tremendous advantage in… Read More

January 10, 2019 @ 12:21 pm By Cali Haan  |  

A new CEO is already in place at Bitmain, the world’s largest manufacturer of cryptocurrency mining equipment and operator of crypto mines, a source to Hong Kong news outlet The South China Morning Post (SCMP) claims. Though Bitmain itself has refused to confirm the change, a former… Read More

December 31, 2018 @ 9:13 am By Cali Haan  |  

Rumours of widespread layoffs at Bitmain, the world’s largest manufacturer of cryptocurrency mining equipment and largest operator of crypto-mining pools, are now being followed by stories the company’s two famous founders -Micree Zhan and Jihan Wu- will be leaving their posts as Bitmain co-directors, Weixin… Read More

December 6, 2018 @ 9:21 pm By Cali Haan  |  

Plaintiffs in Florida have brought a suit against Bitcoin Cash ABC, it’s leader Roger Ver, the Kraken cryptocurrency exchange, and others, arguing the parties colluded, “to take control of the Bitcoin Cash network for personal gain…which caused a global capitalization meltdown of the Bitcoin Cash network… Read More

October 18, 2018 @ 10:35 am By Cali Haan  |  

New tariffs in the US that raise taxes on imports of crypto-mining machines from 2.6% to 27.6% may significantly impact revenues at Chinese companies like Bitmain, South China Morning News (SCMP) reports. The tariffs have come into place after American trade overseers in August reclassified, for… Read More

September 3, 2018 @ 5:00 pm By Steven McClurg  |  

The recently announced $3 billion Bitmain IPO has left many crypto enthusiasts excited for the possibility of a legitimate publicly-traded crypto business. However, when a company creates an exit for a high margin cash flowing business, it usually indicates diminishing growth or margins.  This could… Read More

July 18, 2018 @ 10:09 am By Cali Haan  |  

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More