"You either lose everything or earn a hundred times." This popular saying in the crypto circle comes from Wu Jihan, CEO of Bitmain.
In 2011, Wu Jihan first learned about Bitcoin and began calling friends to borrow money. Eventually, Wu Jihan borrowed 100,000 yuan and bet it all on buying
900 Bitcoins.
By the time of liquidation in 2014, Bitcoin's highest price had surpassed 300 dollars! This was Wu Jihan's first pot of gold. This emerged from
In the context of the 2008 global financial crisis, virtual currency attracted countless people's attention with its characteristics of decentralization and anonymity.
Light. In Wu Jihan's view, Bitcoin has enormous potential and is expected to disrupt the traditional currency and financial landscape. After careful consideration,
After careful consideration, Wu Jihan made a bold decision – to "go all in" on Bitcoin.
He knows that this decision means huge risks; Bitcoin prices are highly volatile and could leave him bankrupt. But he also knows
the fact that once Bitcoin succeeded, he would gain unimaginable returns. So, Wu Jihan took out all his savings and even raised 100,000 yuan from friends
to purchase 900 Bitcoins. At the time, this action faced skepticism and opposition from many people, even
Even his friends and family thought he was crazy: How could he invest money in such an ethereal virtual currency? But Wu Jihan did not
He was not swayed; he firmly believed in his judgment and resolutely embarked on this uncertain path of Bitcoin. Founding Bitmain, he reached the top
In the crypto circle, Wu Jihan was not satisfied with just being a Bitcoin investor; he keenly sensed that if he could have efficient mining equipment,
If equipped, one could gain a larger share of this Bitcoin feast.
Thus, Wu Jihan resolutely resigned from his investment banking job and devoted himself entirely to the research and production of Bitcoin mining machines. In 2013,
Wu Jihan collaborated with Jhan Ke Tuan to co-found Bitmain Technologies. Wu Jihan leveraged his experience in the investment field to
With rich experience and networking resources, he was responsible for the company's market expansion and strategic planning; Jhan Ke Tuan used his deep expertise in chip technology to lead the
With rich experience and network resources, he was responsible for the company's market expansion and strategic planning; Jhan Ke Tuan, leveraging his deep expertise in chip technology, led the
financial tightness, technical challenges, talent shortages, and other issues. After countless days and nights of hard research and development, Bitmain finally launched the first generation
Antminer.
Wu Jihan also successively created several mining pools, including BTC.com, ConnectBTC, and AntPool, attracting a large number of miners.
By leveraging advanced technology and high-quality services, Bitmain's mining pools rapidly grew and occupied a significant share of global Bitcoin computing power.
about 30%, becoming the world's largest Bitcoin mining pool operator. Wu Jihan has thus gained fame and is hailed as "China's Bitcoin
richest man in cryptocurrency," and "the number one person in the crypto circle." By 2019, Wu Jihan's fortune had reached 17 billion yuan, making him the youngest in China.
