Jihan Wu's Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries.
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Jan 27, 2023 at 12:13 p.m. UTC
Jan 27, 2023
Jihan Wu
Jihan Wu's Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation
Matrixport has $5 billion in trading volume every month, along with $10 billion in assets under management and custody.
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Nov 25, 2022 at 8:36 a.m. UTC
Nov 25, 2022
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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 Wu, founder of bitcoin mining rig maker Bitmain, is reportedly setting up a $250 million fund to buy distressed assets from mining firms.
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Sep 27, 2022 at 7:46 p.m. UTC
Sep 27, 2022
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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 Bloomberg. “The Hash” panel discusses what this means for the mining industry.
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Sep 27, 2022 at 5:38 p.m. UTC
Sep 27, 2022
Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report
Wu's Bitdeer Technologies will initially invest $50 million and aims to raise another $200 million from outside investors.
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Sep 27, 2022 at 2:23 p.m. UTC
Sep 27, 2022
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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.
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Jan 26, 2021 at 3:37 p.m. UTC
Jan 26, 2021
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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.
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Sep 15, 2020 at 3:20 a.m. UTC
Sep 15, 2020
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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.
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Jun 22, 2020 at 9:25 a.m. UTC
Jun 22, 2020
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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Jun 4, 2020 at 2:35 p.m. UTC
Jun 4, 2020
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 escalated into a physical brawl.
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May 8, 2020 at 9:40 a.m. UTC
May 8, 2020