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” Crypto lender Matrixport seeks $100M funding despite lending crisis “ Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg…
” Bitcoin mining firm Bitdeer could delay public offering till 2023 “ Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on Nasdaq delayed a year depending on a vote from shareholders of Blue Safari Group Acquisition Corp. In a Nov. 2 Securities and Exchange Commission filing,…
“# Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn ” Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture…
“# Bitmain CEO announces departure in the most crypto way ” The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman of Bitmain sent out an…