From translating the Bitcoin white paper as a "Chinese evangelist," to mastering global computing power as the "king of mining machines," and then to becoming the creator of a crypto financial unicorn, Wu Jihan has written the rise of the Chinese blockchain industry over a decade with the keen insights of a psychology talent from Peking University. His technical intuition and strategic vision have ignited a global crypto wave and defined new industry rules.
Enlightenment: The White Paper Translation Ignites the Chinese Craze
In 2011, in an office building on Financial Street in Beijing, 25-year-old Wu Jihan stumbled upon 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 to buy Bitcoin—then only $10 each. Friends laughed at his fanciful ideas, but he immersed himself in translating the white paper, bringing the concept of Bitcoin into the Chinese world for the first time.
He co-founded China's first blockchain media outlet, "8btc," establishing an industry information hub, engaging in heated debates on the value of "decentralization" in forums with netizens, and becoming one of the earliest evangelists of Bitcoin in China. Wu Jihan's translations and sharing ignited a crypto craze in the Chinese community, laying the ideological foundation for the industry.
Rise: Antminer Dominates Global Computing Power
In 2013, as Bitcoin prices skyrocketed, a mining frenzy swept the globe, leading to an explosive demand for mining machines. Wu Jihan teamed up with Tsinghua tech genius Jihan Wu to develop the Antminer S1 in a humble residential house. Within six months, this mining machine took the world by storm, capturing 75% of the market share. The Antminer S9, launched in 2016, became a benchmark for energy efficiency, sparking a revolution in ASIC chip technology.
Bitmain emerged, generating revenue on par with tech giants, and Wu Jihan was revered in the crypto community as the "mining overlord." Miners both relied on and lamented, "Without Wu Jihan's mining machines, we wouldn't even break even on electricity!" He reshaped the mining landscape through technological innovation, establishing global computing power hegemony.
Game: The Master of Forks and Rules
In 2017, Wu Jihan led the Bitcoin fork, launching Bitcoin Cash (BCH), which triggered a "hash war" that shook the crypto world. He calmly responded, "For technology to progress, we must forge new paths." Through forks and mining pool alliances, he deeply engaged in the underlying protocol game of cryptocurrencies, holding the power of discourse over industry rules.
Despite setbacks in Bitmain's IPO in 2018 and a strategic split with Jihan Wu, he did not stop. He took the mining pool business with him, incubating Bitdeer, and immersed himself in Inner Mongolia's mining sites, sharing meals of mutton and drinking strong liquor with workers, humorously stating, "I didn't use my psychology degree from Peking University, but I learned how to fix mining machines." His resilience and down-to-earth approach created a new legend.
Breakthrough: Pioneer of Crypto Finance and Compliance
In 2019, Wu Jihan founded Matrixport, pioneering the "safety cushion" model for crypto asset management, managing over $10 billion in assets. He promoted licensed operations in crypto finance, paving the way for regulatory frameworks in places like Singapore and setting a compliance benchmark.
Bitdeer, valued at $4 billion, went public on NASDAQ, building 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 brought crypto assets from the margins to the mainstream.
Future: The Next Stop of AI + DeFi
Today, Wu Jihan has proposed the "AI + DeFi" integration strategy, with Matrixport developing cross-chain protocols that incorporate AI computing power verification into decentralized finance, targeting the future of distributed financial infrastructure. His plans are not limited to cryptocurrencies but aim to reshape the global financial landscape.
Wall Street once commented, "Understanding Wu Jihan's strategy reveals the crypto power map for the next five years." From translating white papers to computing power hegemony, from financial breakthroughs to AI integration, Wu Jihan's decade reflects the transformation of blockchain from a geek experiment to a new force in global finance.
The Legend Continues
Wu Jihan has defined the industry rules for mining machines, computing power, and asset management through a dual drive of "technology commercialization + regulatory collaboration." His story is a microcosm of faith and perseverance, as well as a vivid footnote to the rise of blockchain in China.
From a Peking University talent to a mining overlord in the crypto world, Wu Jihan's journey continues. How will he write the next chapter of his legend in the coming decade? The answer may already be quietly revealed in each of his strategic moves.
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