Key Takeaways
- Wu Jihan generated billions following his Bitmain bitcoin mining company, ranking among China’s richest men.
- Despite setbacks and fallout with Zhan, he rebuilt his influence with Bitdeer, Matrixport, and BTC.com.
- He is estimated to be worth over $2.5 billion in 2025 following successful business strategies.
Wu Jihan, the Chinese-born Singaporean billionaire, has left a remarkable footprint on the cryptocurrency space, promoting Bitcoin mining and blockchain technology, and co-founding Bitmain, China’s largest mining chip company, which has generated billions of dollars since its inception.
Who is Wu Jihan? China’s Top Blockchain Billionaire
Wu Jihan was born in China, graduated from Peking University in 2009 with degrees in economics and psychology. His strong academic qualifications and financial market expertise were key determinants of his first role as a financial analyst in a private equity firm.
In 2011, his discovery of Satoshi Nakamoto’s Bitcoin whitepaper convinced him of blockchain potential. He raised money from friends and family to buy some Bitcoins due to his belief in blockchain technology.
Building on his Bitcoin conviction, he formed China’s first Bitcoin community, Babite, with fellow Bitcoin enthusiast Chang Jia, translating Bitcoin’s whitepaper into Chinese.
In 2012, he co-founded ASICMINER with Friedcat, one of the earliest Bitcoin mining producing application-specific integrated circuits (ASIC), and enjoyed initial success with over 1,000% returns for investors. Still, he later had challenges as Wu lost his investment.
Bitmain’s Rise, Rifts, and Rebuild
Undaunted by financial setbacks, he invested in a hardware mining company, Canaan Creative, leading to more losses. He then teamed up with Micree Zhan, co-founding Bitmain Technologies, one of the largest Bitcoin mining technologies, generating over $2.5 billion in revenue in 2017.
Down the years, Bitmain enjoyed success, applying for a US IPO. Wu owned 20% of Bitmain’s shares, making him one of China’s richest. However, his tense relationship with Micree Zhan forced him to part ways.
Beyond Bitmain, he has driven the growth of other blockchain companies:
- Bitdeer (a mining cloud service company)
- Le Freeport (maximum-security vault for $28M)
- Matrixport (crypto financial services)
- BTC.com (mining pool and wallet).
Wu Jihan’s Net Worth in 2025: Co-founding Blockchain Mining Companies
Wu’s influence in the blockchain mining industry has earned him a spot among the top 10 influential figures in the 2018 Fortune list and the second richest man in China for his impact in finance and blockchain technology.
He is estimated to be worth over $2.5 billion, based on his market share value with Bitmain, Bitdeer, and Matrixport. However, he remains active on X (formerly Twitter), sharing his insight on blockchain cloud mining while advocating for Bitcoin Cash hitting a historical high.
Wu’s Social Media Activities
Source – Wu on X
He remains active on X, sharing his insight on Bitdeer and the potential of Hydro cooling in Bitcoin mining, as he believes this is the future.
In his post a few months ago, he reposted the video during the test phase to determine the real-time performance of the advanced Hydro cooling system. This system has been designed to achieve the following:
- Hashrate of 500~530TH/s
- Power Efficiency of 14.9J/TH,
- Power Consumption of 7450~7900W
- Built to mine cooler and stronger
Conclusion
In summary, Wu Jihan’s approach to business and huge market prediction for Bitcoin Cash has attracted a lot of criticism in the crypto industry. His disagreement with former co-founder Micree Zhan at Bitmain led to legal suits followed by departures.
He proceeded to rebuild his influence with Bitdeer and Matrixport, constantly sharing his views on blockchain mining on X.
FAQs
Who is the CEO of Bitdeer?
Wu is currently leading Bitdeer after leaving Bitmain as a co-founder.
How much is the owner of Bitdeer worth?
Bitdeer currently owns over 1,700 Bitcoins in its custody.
Who is the CEO of Bitmain?
Wu Jihan was a former co-founder of Bitmain but currently runs Bitdeer following a disagreement with Micree Zhan, the co-founder.
Is Bitmain a Chinese company?
Bitmain is a Chinese-owned Bitcoin mining company.
How much is Bitmain worth?
According to public speculations, it is worth over $40-50 billion.
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