Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets

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Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets

Watch CoinDesk Video: Bitmain Founder Reportedly Setting Up $250M Fund to Buy Distressed Bitcoin Mining Assets.
Crypto billionaire Jihan Wu, the founder of bitcoin mining rig maker Bitmain, is setting up a $250 million fund to purchase distressed assets from mining firms, according to Bloomberg. "The Hash" panel discusses what this means for the mining industry.

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