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Jihan Wu

Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Video
Kraken
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan...
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
By undefined undefined
Sep 27, 2022 at 7:46 p.m. UTC
Sep 27, 2022
KrakenCDTVaab clipChicagoCelsiusStrikeJack MallersBitmainFTX USJihan Wu
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Video
Cdtv
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to B...
Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
By undefined undefined
Sep 27, 2022 at 5:38 p.m. UTC
Sep 27, 2022
CDTVHash clipBitcoin MiningBitmainBloombergJihan Wu
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Finance
China
Bitmain Co-Founder Exits, Resolving Years-Long Power Struggle as Mining Firm Preps IPO
Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.
jihan-wu-2
By David Pan
Jan 26, 2021 at 3:37 p.m. UTC
Jan 26, 2021
ChinaMiningBitmainJihan WuMicree Zhan
bitmain-jihan
Finance
Bitcoin mining
Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
bitmain-jihan
By Wolfie Zhao
Sep 15, 2020 at 3:20 a.m. UTC
Sep 15, 2020
Bitcoin MiningChinaBitmainJihan Wu
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Markets
Bitcoin mining
Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.
df2f-ihuuxut4664633
By Wolfie Zhao
Jun 22, 2020 at 9:25 a.m. UTC
Jun 22, 2020
Bitcoin MiningBitmainJihan Wu
df2f-ihuuxut4664633
Finance
Bitmain
Bitmain's Feuding Co-Founders Are Fracturing the Firm and Staff Are Caught in the Middle
Staff at bitcoin miner manufacturer Bitmain are being forced to choose between its two co-founders as a long-running feud over control of the firm worsens.
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By Wolfie Zhao
Jun 4, 2020 at 2:35 p.m. UTC
Jun 4, 2020
BitmainJihan WuMicree Zhan
df2f-ihuuxut4664633
Markets
Bitcoin mining
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly e...
df2f-ihuuxut4664633
By Wolfie Zhao
May 8, 2020 at 9:40 a.m. UTC
May 8, 2020
Bitcoin MiningChinaBitmainJihan WuMicree Zhan
bitmain-jihan
Finance
Bitmain
Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round
Matrixport began pitching investors a few weeks ago with the aim of raising $40 million.
bitmain-jihan
By Paddy Baker
Mar 4, 2020 at 3:00 p.m. UTC
Mar 4, 2020
BitmainFunding RoundsJihan Wu
df2f-ihuuxut4664633
Finance
China
How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?
Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.
df2f-ihuuxut4664633
By Wolfie Zhao
Jan 20, 2020 at 7:00 a.m. UTC
Jan 20, 2020
ChinaBitmainJihan Wu
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Markets
Bitmain
Ride 'Em, Cowboy: Bitmain's Marketing Gambit Ups Its Texas-Sized Position on Bitcoin
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge" – doubling down on risk, not offsetting it.
shutterstock_1515390524-1
By Lawrence Lewitinn
Dec 12, 2019 at 6:00 p.m. UTC
Dec 12, 2019
BitmainBitMEXBitcoinJihan WuDeribitOptionsSkew