During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener.
Bitmain’s Cofounder Jihan Wu Is Optimistic About the Future of Cryptocurrencies and Mining
Two weeks ago, Bitdeer Group, the corporate organization behind the web portal bitdeer.com, announced the firm has been granted funding for $12 million from the Hong Kong subsidiary of Genimous Technology, Genimous Investment.
The funding aims to be allotted toward the development of Bitdeer’s cloud mining services. Bitdeer was founded by Jihan Wu and is backed by Sequoia Capital, IDG, and other financial institutions.
At the Second 421 Wet Season Festival and Mining Ecology Conference, Jihan Wu, spoke to the crowd about institutions stepping into the digital currency mining realm.
Wu said at the conference: