Tagged: jihan wu

Digital Assets: Bitdeer, Druk Holding & Investments to Develop Green Crypto Mining Operations in Kingdom of Bhutan

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

Asian Digital Assets Financial Services Firm Matrixport Valued at $1B+ after Raising $129M to Date

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

San Francisco-based Crypto Exchange Kraken to Hire 67 New Staff Members, Despite Economic Uncertainty Due to Coronavirus

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

Crypto Billionaire Jihan Wu’s Matrixport, a Financial Services Firm, Is Planning to Secure $40 Million at Post-Investment Valuation of $300 Million

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

Bitmain’s Jihan Wu Hosts First Promotional Meeting Since Ouster of Co-Founder, Micree Zhan

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

Report: Former Bitmain CEO Working to Create “Biggest OTC (Crypto) Desk…Overnight”

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

More Details Emerge About Possible Executive Succession, IPO, and Layoffs at Bitmain, World’s Largest Cryptomining Firm

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

Jihan Wu and Micree Zhan, Founders of Cryptomining Giant Bitmain, Rumoured to Be Leaving

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

United Corp Sues Bitcoin Cash ABC

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

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

Chinese Crypto-mining Hardware Companies May Be Hit Hard By US Tariffs

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

Bitmain IPO – What it Means for Bitcoin

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

Bitcoin Mining Giant Bitmain Rents Twenty Thousand Feet of Silicon Valley Office Space

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

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