The transfer opens a entrance of competitors with Jihan Wu’s Bitdeer, a cloud mining operator that additionally launched a $250 million fund to purchase distressed property in late September. Wu is the ousted co-founder of Bitmain, the biggest producer of crypto mining machines on the earth. One other massive participant within the cloud mining house is BitFuFu, backed by Bitmain’s different founder, Ketuan Zhan.
