From a "Chinese evangelist" translating the Bitcoin whitepaper to the "King of Mining Machines" controlling global computing power, and then to the creator of a crypto financial unicorn, Wu Jihan, with the keen insight of a Peking University psychology prodigy, wrote the rise of China's blockchain industry over a ten-year journey. His technological intuition and strategic vision ignited the global crypto wave and defined new industry rules.
Enlightenment: Whitepaper Translation Sparks Chinese Enthusiasm
In 2011, in an office building on Beijing's Financial Street, 25-year-old Wu Jihan accidentally encountered the Bitcoin whitepaper. At that moment, he seemed to see the future and couldn't sleep all night. The next day, he invested 100,000 yuan in cross margin Bitcoin - then worth only $10 each. Friends laughed at his wild imagination, but he buried himself in translating the whitepaper, introducing Bitcoin's concept to the Chinese world for the first time.
He co-founded China's first blockchain media "8btc", built an industry information hub, and debated the value of "decentralization" on forums with netizens, becoming one of China's earliest Bitcoin evangelists. Wu Jihan's translation and sharing ignited the crypto enthusiasm in the Chinese community and laid the ideological foundation for the industry.
Rise: Antminer Dominates Global Computing Power
In 2013, as Bitcoin prices surged and mining fever swept globally, mining machine demand exploded. Wu Jihan teamed up with Tsinghua technical genius Zhan Ketuan to develop the Antminer S1 in a simple house. Within six months, this mining machine swept the global market, capturing 75% market share. The Antminer S9 launched in 2016 became an efficiency benchmark, triggering an ASIC chip technology revolution.
Bitmain emerged dramatically, with revenues rivaling tech giants, and Wu Jihan was respectfully called the "Mining Overlord" in crypto. Miners both depended on and lamented: "Without Wu Jihan's mining machines, we couldn't even earn back electricity costs!" He reshaped the mining landscape through technological innovation and established global computing power hegemony.
Confrontation: Master of Forks and Rules
In 2017, Wu Jihan led a Bitcoin fork, launching Bitcoin Cash (BCH), triggering a "computing power war" that shocked the crypto world. He calmly responded: "For technology to progress, one must forge new paths." Through forks and mining pool alliances, he deeply participated in crypto bottom-layer protocol negotiations, grasping the industry's discourse power.
Despite Bitmain's listing setback in 2018 and parting ways with Zhan Ketuan due to strategic differences, he didn't stop. He took the mining pool business, incubated BitDeer, dove into Inner Mongolian mining farms, eating mutton and drinking strong liquor with workers, self-deprecatingly saying: "My Peking University psychology wasn't useful, but I learned to repair mining machines." His resilience and down-to-earth approach created a new legend.
Breakthrough: Crypto Financial and Compliance Pioneer
In 2019, Wu Jihan founded Matrixport, pioneering a crypto asset management "safety cushion" model, managing assets over $10 billion. He promoted licensed crypto financial operations, paving regulatory frameworks for places like Singapore and establishing compliance benchmarks.
BitDeer went public on NASDAQ with a $4 billion valuation, constructing a global computing power network. Wu Jihan's strategic investments extended to Singapore's free port and Middle Eastern compliant trading hubs, leading the industry towards standardization. His foresight moved crypto assets from the margins to the mainstream.
Future: The Next Stop of AI+DeFi
Now, Wu Jihan proposes an "AI+DeFi" integration strategy. Matrixport develops cross-chain protocols, integrating AI computing power verification into decentralized finance, targeting distributed financial infrastructure's future. His layout isn't limited to cryptocurrencies but aims to reshape the global financial landscape.
Wall Street once commented: "Understanding Wu Jihan's strategy is seeing the crypto power map of the next five years." From whitepaper translation to computing power hegemony, from financial breakthrough to AI integration, Wu Jihan's decade reflects blockchain's transformation from geek experiment to a new global financial force.
Legend Continues
Wu Jihan defined industry rules for mining machines, computing power, and asset management through "technological commercialization + regulatory coordination". His story is a microcosm of belief and persistence, and a vivid footnote to China's blockchain rise.
From Peking University prodigy to crypto mining overlord, Wu Jihan's journey continues. How will he write his next legendary decade? The answer may already be quietly emerging in each of his strategic moves.
