Jihan wu, the founder of Bitmain, one of the largest mining companies in the world, lends a helping hand of $ 250 million to bitcoin miners.
According to media reports today, the $250 million fund Wu will set up will be put up for sale by bitcoin miners who are in financial difficulty. to buy assetsk.
Led by Wu, Bitmain was founded in 2013, with Wu leaving the company at the beginning of last year to take over as head of Bitdeer Technologies.
According to the statement made by Bitdeer management, the company was primarily focused on supporting bitcoin miners. 50 million dollars using a resource 200 million dollars will collect the resource from other investors.
Bitdeer CEO Matt Kong, in his statements on the subject, “We can buy (mining) machines that have fallen in price and run them at low-cost facilities that we operate.” said.
Many miners in the cryptocurrency industry drop in bitcoin price as well as increasing electricity prices is having difficulties because of it. Data center operator Compute North filed for bankruptcy last week.