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

September 27, 2022

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

Spread the love

Related posts

• 

  December 26, 2024 boss 0

  Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum

  Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if...

  Analysis Bitcoin Bitcoin Analysis Bitcoin News 

• 

  December 26, 2024 boss 0

  $200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

  Bitcoin could hit $500,000 if governments consider strategic reserves, with mounting demand from ETFs, corporations, and...

  Bitcoin News News 

• 

  December 25, 2024 boss 0

  Christmas Day Sees Decade-Old Sleeping Bitcoin Wallets Come Back to Life

  On Dec. 25, 2024, at 3:30 p.m. Eastern Time as Christmas festivities unfold, bitcoin’s price hovers...

  Bitcoin News News