Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets

Name: Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Uploaded: 2022-09-27T17:38:17Z
Duration: 5 min 308 s
Description: 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 Bloomberg. “The Hash” panel discusses what this means for the mining industry.

Sep 27, 2022

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 Bloomberg.

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