Bitmain Founder Jihan Wu Setting Up 0M Fund to Purchase Distressed Bitcoin Mining Belongings: Report

Bitmain Founder Jihan Wu Setting Up $250M Fund to Purchase Distressed Bitcoin Mining Belongings: Report

by Jeremy


Jihan Wu, crypto billionaire and founding father of bitcoin miner maker Bitmain, is organising a $250 million fund to buy distressed belongings from mining companies, Bloomberg reported Tuesday.

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