From being a "Chinese evangelist" who translated the Bitcoin white paper, to being the "king of mining machines" who controls global computing power, to being the founder of a crypto-financial unicorn, Wu Jihan, with his keen insight as a psychology genius at Peking University, has written the history of the rise of China's blockchain industry over a decade. His technical sense and strategic vision have ignited the global encryption wave and defined new industry rules.
Enlightenment: White Paper translation ignites Chinese craze
In 2011, in an office building in Beijing Financial Street, 25-year-old Wu Jihan came across the Bitcoin white paper. At that moment, he seemed to see the future and couldn't sleep all night. The next day, he invested 100,000 yuan in all Bitcoins - at that time, one coin was only 10 US dollars. Friends laughed at him for his wild ideas, but he buried his head in translating the white paper, introducing the concept of Bitcoin to the Chinese world for the first time.
He co-founded China's first blockchain media "Babit", built an industry information hub, and debated with netizens on the value of "decentralization" in forums, becoming China's earliest Bitcoin evangelist. Wu Jihan's translation and sharing ignited the encryption craze in the Chinese community and laid the ideological foundation for the industry.
Rise: Antminer dominates global computing power
In 2013, the price of Bitcoin skyrocketed, the mining craze swept the world, and the demand for mining machines exploded. Wu Jihan teamed up with Zhan Ketuan, a technical genius from Tsinghua University, to develop the Antminer S1 in a simple house. Within half a year, this mining machine swept the world and occupied 75% of the market share. The Antminer S9 launched in 2016 has become a benchmark for energy efficiency and set off a revolution in ASIC chip technology.
Bitmain emerged, with revenue comparable to that of tech giants, and Wu Jihan was honored as the "mining tyrant" by the cryptocurrency community. Miners both relied on him and lamented: "Without Wu Jihan's mining machines, we can't even make back our electricity bills!" He reshaped the mining landscape with technological innovation and established global computing power hegemony.
Game: Forks and Rule Controllers
In 2017, Wu Jihan led the Bitcoin fork and launched Bitcoin Cash (BCH), which triggered the "computing power war" and shook the cryptocurrency circle. He responded calmly: "For technology to advance, we must break new ground." Through forks and mining pool alliances, he deeply participated in the underlying protocol game of cryptocurrency and held the right to speak on industry rules.
Although Bitmain's IPO was frustrated in 2018 and Wu Jihan and Zhan Ketuan parted ways due to strategic differences, he did not stop. He took the mining pool business, incubated BitDeer, went deep into the Inner Mongolia mines, ate mutton and drank strong liquor with the workers, and joked: "I didn't use the psychology I learned in Peking University, but I learned how to repair mining machines." His resilience and down-to-earthness have created a new legend.
Breakthrough: Pioneer in Crypto Finance and Compliance
In 2019, Wu Jihan founded Matrixport, pioneering the "safety cushion" model for crypto asset management, managing assets exceeding US$10 billion. He promoted licensed operations in crypto finance, paved the way for regulatory frameworks in Singapore and other places, and set a compliance benchmark.
BitDeer was listed on Nasdaq with a valuation of $4 billion, building a global computing network. Wu Jihan's strategic investment extends to Singapore Freeport and the Middle East compliance trading hub, leading the industry towards standardization. His foresight has brought crypto assets from the margins to the mainstream.
The future: the next stop of AI+DeFi
Today, Wu Jihan has proposed the "AI+DeFi" integration strategy, and Matrixport has developed a cross-chain protocol to integrate AI computing power verification into decentralized finance, aiming at the future of distributed financial infrastructure. His layout is not limited to cryptocurrency, but is an attempt to reshape the global financial landscape.
Wall Street once commented: "If you understand Wu Jihan's strategy, you will see the crypto power landscape for the next five years." From white paper translation to computing power hegemony, from financial breakthroughs to AI integration, Wu Jihan's ten years have reflected the transformation of blockchain from a geek experiment to a new global financial force.
The legend is not over yet
Wu Jihan defined the industry rules for mining machines, computing power and asset management with the dual drive of "technological commercialization + regulatory coordination". His story is a microcosm of faith and persistence, and a vivid footnote to the rise of China's blockchain.
From a talented student at Peking University to a cryptocurrency mining tycoon, Wu Jihan's journey continues. How will he continue his legend in the next decade? The answer may have quietly emerged in every step of his layout.
