Jihan Wu

Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin

It’s possible the company sold bitcoins in the cash or futures markets, as options traders often do. Given market prices, the time to expiration and the market’s expected volatility, the company would only have to sell just 7.4 bitcoins for every 62 options it gives away to be effectively hedged. If it expects to sell …

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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

</header> <strong>As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> mining. …

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Micree Zhan Claims He Was Removed From Bitmain Without Consent

Micree Ketuan Zhan, the co-founder of major Chinese Bitcoin (BTC) mining hardware producer Bitmain, claimed that he was removed as a legal representative of the company without his consent. On Nov. 7, Samson Mow, the CEO of Blockstream, posted a statement from Zhan on Twitter, in which the Bitmain co-founder claimed he would take legal …

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Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

<header class=”article__header”> </header> <strong>According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of …

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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

<header class=”article__header”> </header> <strong>At the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year.</strong> Also read: SEC Wants Second Look …

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Next Bitcoin Halving Could Squeeze out Retail Miners, But Jury’s Split on Price

Is the next halving going to send bitcoin to the moon? Well, maybe not that fast. As the programmed reduction of the miners’ reward is approaching (expected to happen in May next year), people are disagreeing about its probable effects. Bitcoin has gone through the halving two times before, in November 2012 and July 2016, and both …

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4 New High-Powered Bitcoin Miners Revealed

<header class=”article__header”> </header> <strong>Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month.</strong> Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan …

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PR: Bitmain Announces Highly Anticipated World Digital Mining Summit

<header class=”article__header”> </header> Cryptocurrency mining leaders to speak include: Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more. HONG KONG, JULY, 30 2019 – The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return …

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Bitmain’s Nishant Sharma Talks China and Crypto in the Humans of Bitcoin Podcast

<header class=”article__header”> </header> <strong>This week on the Humans of Bitcoin podcast host Matt Aaron chatted with Bitmain’s Nishant Sharma who shared his story and discussed the western hemisphere’s false impressions of China and Bitcoin. During the interview, Sharma conversed about his work with Bitmain, one of the largest cryptocurrency companies in the world, and addressed …

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Major Players Discuss BTC Rollback Following Exchange Hack

</header> <strong>The idea of rolling back the clock on cryptocurrency transactions to reverse a situation people are unhappy with is highly contentious. As such, many were shocked to hear that a number of major players in the industry had even discussed a rollback of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> following the Binance exchange hack.</strong> …

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