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
Related posts
-
Former Bitmex CEO Arthur Hayes: A Weak Yen Solution Might Propel Bitcoin to $1 Million
Arthur Hayes, former CEO of Bitmex and current CIO of Maelstrom, has predicted the geopolitical and... -
Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So
Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be... -
Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows
On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000....