Jihan Wu's Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries. Source
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Jihan Wu’s Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation
The firm sees $5 billion in monthly trading volume, counts $10 billion in assets under management and custody, as well as $700 million in outstanding loans, according to its website. Matrixport "serves individuals as well as over 500 institutions across Asia and Europe" and has licenses in Hong Kong and
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Bitmain Founder Jihan Wu Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets: Report
Jihan Wu, crypto billionaire and founder of bitcoin miner maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, Bloomberg reported Tuesday. Source
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Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million – Bitcoin News
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport. Bitdeer
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Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’ – Featured Bitcoin News
Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week
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Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn
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
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Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight CoinDesk –
In a new twist in Bitmain’s ongoing power struggle, co-founder Jihan Wu has regained the legal representative status of the bitcoin miner maker giant. China’s business registration record update on Sept. 14 shows Wu has again become the legal representative and executive director of Beijing Bitmain Technology, the operating entity of
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‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
While You're Under Quarantine, Check These Sites for Remote Crypto JobsIf you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it's worth exploring opportunities to work from the relative safety of your home. The number
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Wu Jihan Takes Full Control of Crypto Mining Manufacturer Bitmain After Ousting Co-CEO
Just weeks after announcing the departure of the company’s co-founder, Micree Zhan, Bitmain’s chief executive officer Wu Jihan has taken full control of crypto mining equipment manufacturer. Jihan held a private client meeting last weekend for the first time since Micree Zhan left and addressed Bitmain’s executives regarding the company’s
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