Name: Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets
Uploaded: 2022-09-27T17:20:02.000Z
Duration: 5 min 8 s
Description: Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to Bloomberg. "The Hash" panel discusses what this means for the mining industry.

CoinDesk 20$2,106.092.81%Bitcoin$75,844.541.91%Ethereum$2,357.063.17%XRP$1.443.24%Solana$86.323.29%

Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets | CoinDesk Videos

Loading video...