Jihan Wu – DIGIT INFO

Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

DIGIT — Fri, 31 May 2024 12:59:34 +0000

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.

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Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

DIGIT — Thu, 13 Apr 2023 09:45:01 +0000

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari […]

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Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

DIGIT — Sat, 28 Jan 2023 07:30:41 +0000

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan […]

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Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

DIGIT — Fri, 25 Nov 2022 19:30:57 +0000

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion. Matrixport Looks to Raise $100 Million From Strategic Investors The digital asset firm and […]

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Crypto lender Matrixport seeks $100M funding despite lending crisis

DIGIT — Fri, 25 Nov 2022 10:49:54 +0000

Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.

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Bitcoin mining firm Bitdeer could delay public offering to 2023

DIGIT — Wed, 02 Nov 2022 20:15:00 +0000

An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023.

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Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners

DIGIT — Wed, 28 Sep 2022 04:30:10 +0000

According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners […]

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Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million

DIGIT — Sun, 25 Sep 2022 22:00:58 +0000

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 Purchases Maximum Security Vault […]

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Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale

DIGIT — Thu, 05 May 2022 14:40:37 +0000

On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This […]

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Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’

DIGIT — Fri, 24 Dec 2021 22:30:13 +0000

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 an interview with Wu was […]

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