The Peking University genius becomes a mining tycoon in the crypto world, the blockchain legend of Wu Jihan.

From translating the “Chinese Evangelist” of the Bitcoin White Paper, to mastering global Computing Power as the “King of Mining Rigs”, and then to becoming the creator of a cryptocurrency financial unicorn, Wu Jihan has written the rise of the Chinese Blockchain industry over a decade with the keen insight of a psychology talent from Peking University. His technical intuition and strategic vision have ignited the global encryption wave and defined new rules for the industry.

Enlightenment: The translation of the White Paper ignites a 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 — at that time, each coin was only 10 dollars. His friends laughed at his fanciful ideas, but he focused on translating the White Paper, introducing the concept of Bitcoin to the Chinese-speaking world for the first time.

He co-founded China’s first blockchain media “Babit”, building an industry information hub, and engaged in heated debates with netizens on the value of “decentralization” in forums, becoming one of the earliest evangelists of Bitcoin in China. Wu Jihan’s translations and sharing ignited the encryption craze in the Chinese community and laid a theoretical foundation for the industry.

Rise: Ant Mining Rigs Dominate Global Computing Power

In 2013, the price of Bitcoin surged, and a mining frenzy swept the globe, leading to an explosive demand for Mining Rigs. Wu Jihan collaborated with Tsinghua’s technical genius, Zhan Ketuan, to develop the Ant Mining Rig S1 in a simple residential house. Within six months, this Mining Rig took the world by storm, capturing 75% of the market share. The Ant S9, launched in 2016, became the benchmark for energy efficiency, sparking a revolution in ASIC chip technology.

Bitmain emerged as a giant, with revenue rivaling that of tech behemoths, and Wu Jihan is revered in the crypto circle as the “Mining Overlord.” Miners are both dependent on and nostalgic about it: “Without Wu Jihan’s mining rigs, we wouldn’t even break even on electricity costs!” He has reshaped the mining landscape through technological innovation, establishing global dominance in computing power.

Game: The Fork and the Ruler of Rules

In 2017, Wu Jihan led the Bitcoin fork and launched Bitcoin Cash (BCH), triggering a “Computing Power War” that shook the coin circle. He responded calmly, stating, “For technology to advance, we must forge new paths.” Through forks and mining pool alliances, he deeply engaged in the underlying protocol games of cryptocurrency, gaining the power to speak on industry rules.

Despite the setbacks of Bitmain’s IPO in 2018, and the strategic split between Wu Jihan and Zhan Ketuan, he did not stop moving forward. He took the mining pool business, incubated Bit Deers, and delved into the Inner Mongolia mining site, eating mutton and drinking strong liquor with the workers, joking, “The psychology from Peking University was of no use, but I learned how to repair mining rigs.” His resilience and down-to-earth attitude have created a new legend.

Breaking the Deadlock: Encryption Finance and Compliance Pioneers

In 2019, Wu Jihan founded Matrixport, pioneering the “safety cushion” model for encryption 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 establishing compliance benchmarks.

Bitdeer was listed on Nasdaq with a valuation of $4 billion, building a global computing power network. Wu Jihan’s strategic investments extend to Singapore’s free port and the Middle East’s compliant trading hub, leading the industry toward standardization. His foresight has brought encryption assets from the periphery to the mainstream.

The Future: The Next Stop of AI + DeFi

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

Wall Street once commented: “Understanding Wu Jihan’s strategy is to see the landscape of encryption power in 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 a geek experiment to a new global financial force.

The saga is not over

Wu Jihan defined the industry rules for mining rigs, computing power, and asset management with a dual-driven approach of “technology commercialization + regulatory collaboration”. His story is a microcosm of belief and perseverance, as well as a vivid footnote to the rise of Blockchain in China.

From a talented student at Peking University to a mining tycoon in the crypto world, Wu Jihan’s journey continues. How will he continue to write his legend in the next decade? The answer may already be quietly revealed in each of his strategic moves.