Bitmain's Co-Founder Jihan Wu Says 'The Crypto Industry Can Perform Better Than The Internet'

At the second 421 Wet Season Festival and Mining Ecology Conference, Bitdeer Group President and Bitmain Co-Founder Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event, Bitdeer demonstrated the company's IT partnerships and plans to make digital currency mining greener. Bitmain's co-founder Jihan Wu is optimistic about the future of cryptocurrencies and mining Two weeks ago, Bitdeer Group, the operating organization behind the web portal, announced that the company received $ 12 million in funding from the subsidiary of Genimous Technology. In Hong Kong. . It's a great investment. The funding is intended to be allocated to the development of Bitdeer's cloud mining services. Bitdeer was founded by Jihan Wu and is supported by Sequoia Capital, IDG and other financial institutions. At the second 421 Wet Season Festival and Mining Ecology Conference, Jihan Wu spoke to the crowd about institutions entering the field of digital coin mining. In the long run, the blockchain industry is optimistic and offers the biggest opportunity, Wu said at the conference. Innovations in this industry can even surpass the Internet itself. “ Creating Trustworthy Value '' Bitmain's co-founder highlighted should well-known companies enter the crypto space and expect the crypto economy to explode. Speaking of many bright spots in the cryptocurrency space, Wu said there would be difficulties and stressed that the industry should create “reliable value”. Wu also explained that digital assets are no longer marginalized and recognized by global financial powers. “This is good for the industry because it shows that it is increasingly recognized by mainstream finance,” said Wu during his presentation. “I think more and more big companies will enter this sector, either as a new operational direction for the company or as a new kind of financial investment.

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