Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn
Matrixport, a part of Jihan Wu's Bitmain exit strategy, is now valued at over $1 billion in just 2 years. Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture capital firms including Tiger Global, DST Global, C Ventures and K3 Ventures, the Series C funding of Matrixport raised over $100 million. As a crypto-financial services company, Matrixport tries to implement a Wall....
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Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, Company Raises $100 Million in Series C On Sunday, the company Matrixport, a financial services firm that specializes in cryptocurrency solutions, management, and custodial services, revealed the company has raised $100 million from a slew of....
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About the Future of Cryptocurrencies and Mining Two weeks ago, Bitdeer Group, the corporate organization behind the web portal bitdeer.com, announced the firm has been granted funding for $12 million from the Hong....
On December 22, the biggest AMA event in the history of Bitcoin will host its latest session with Wu Jihan, co-founder of Bitmain, the world’s leading producer of bitcoin mining hardware. The biggest AMA event in the history of Bitcoin has been underway since the beginning of November and is showing no signs of slowing down. With the launch of the AMA....
The current Bitcoin block size debate has dragged in everyone from all corners of the Bitcoin industry. Miners and Mining pools have recently begun to have their say, with nearly all of them supporting an increase in block size. However, with over 62% supporting the BIP100 variant, the XT proposal has been left for dead. At any rate, XT sparked a needed debate in the Bitcoin community. While all of this has been going on, Bitmain again surprised everyone with the release of the Antminer S7. The S7 was made using an optimized 28nm process that allowed them to get 0.25 J/GH. The BM1385 is....
Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.