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

Wu's Bitdeer Technologies will initially invest $50 million and aims to raise another $200 million from outside investors.

Updated May 11, 2023, 6:51 p.m. Published Sep 27, 2022, 2:23 p.m.
Bitmain co-founder Jihan Wu (CoinDesk)
Bitmain co-founder Jihan Wu (CoinDesk)