Cryptocurrency mining tycoon Wu Jihan: From Peking University talent to blockchain legend

From the "Chinese evangelist" who translated the Bitcoin white paper, to the "king of mining machines" who controls the global computing power, to the founder of the crypto-financial unicorn, Wu Jihan, with his keen insight as a psychology genius from Peking University, has written the history of the rise of China's blockchain industry in his ten-year journey. His technical sense and strategic vision have ignited the global encryption wave and defined new rules for the industry.

Enlightenment: White paper translation ignites Chinese craze

In 2011, in an office building in Beijing Financial Street, 25-year-old Wu Jihan came across the Bitcoin white paper. At that moment, he seemed to see the future and couldn't sleep all night. The next day, he invested 100,000 yuan in all Bitcoins - at that time, one coin was only 10 US dollars. Friends laughed at his wild ideas, but he buried his head in translating white papers and introduced the concept of Bitcoin to the Chinese world for the first time.

He co-founded China's first blockchain media "Babbitt", built an industry information hub, and debated with netizens on the value of "decentralization" in forums, becoming the earliest Bitcoin evangelist in China. Wu Jihan's translation and sharing ignited the encryption craze in the Chinese community and laid the ideological foundation for the industry.

Rise: Antminer dominates global computing power

In 2013, the price of Bitcoin skyrocketed, the mining craze swept the world, and the demand for mining machines exploded. Wu Jihan teamed up with Tsinghua University technical genius Zhan Ketuan to develop the Antminer S1 in a simple house. Within half a year, this mining machine swept the world and occupied 75% of the market share. The Antminer S9 launched in 2016 has become a benchmark for energy efficiency and set off a revolution in ASIC chip technology.

Bitmain was born, with revenue comparable to that of technology giants, and Wu Jihan was honored as the "Miner" by the currency circle. Miners are both dependent and emotional: "Without Wu Jihan's mining machine, we can't even make back the electricity bill!" He reshaped the mining landscape with technological innovation and laid the foundation for global computing power hegemony.

Game: The controller of forks and rules

In 2017, Wu Jihan led the Bitcoin fork and launched Bitcoin Cash (BCH), triggering a "computing power war" that shook the cryptocurrency circle. He responded calmly: "For technology to advance, we have to break new ground." Through forks and mining pool alliances, he deeply participated in the underlying protocol game of cryptocurrency and held the right to speak on industry rules.

Although Bitmain's IPO was frustrated in 2018, Wu Jihan and Zhan Ketuan parted ways due to strategic differences, but he did not stop. He took away the mining pool business, incubated BitDeer, went deep into the Inner Mongolia mine, ate mutton and drank strong liquor with the workers, and joked: "The psychology major in Peking University was not used, but I learned how to repair mining machines." His tenacity and down-to-earthness have created a new legend.

Breakthrough: Pioneer in Crypto Finance and Compliance

In 2019, Wu Jihan founded Matrixport, the first "safety cushion" model for crypto asset management, and managed assets of over US$10 billion. He promoted the licensed operation of crypto finance, paved the way for the regulatory framework in Singapore and other places, and set a compliance benchmark.

BitDeer landed on Nasdaq with a valuation of US$4 billion, building a global computing power network. Wu Jihan's strategic investment extends to Singapore Freeport and the Middle East compliance trading hub, leading the industry to move towards standardization. His vision has brought crypto assets from the margins to the mainstream.

Future: The next stop of AI+DeFi

Today, Wu Jihan proposed the "AI+DeFi" integration strategy, Matrixport developed a cross-chain protocol, integrated AI computing power verification into decentralized finance, and aimed at the future of distributed financial infrastructure. His layout is not limited to cryptocurrencies, but attempts to reshape the global financial landscape.

Wall Street once commented: "If you understand Wu Jihan's strategy, you will see the crypto power map for the next five years." From white paper translation to computing power hegemony, from financial breakthroughs to AI integration, Wu Jihan's decade reflects the transformation of blockchain from geek experiments to a new global financial force.

The legend is not over

Wu Jihan defined the industry rules of mining machines, computing power and asset management with the dual-wheel drive of "technical commercialization + regulatory coordination". His story is a microcosm of belief and persistence, and a vivid footnote to the rise of China's blockchain.

From a talented scholar at Peking University to a cryptocurrency mining tycoon, Wu Jihan's journey continues. How will he continue his legend in the next decade? The answer may have quietly emerged in every step of his layout.