Recently, I've been thinking that the trajectory of Wu Jihan actually reflects the evolution of the entire cryptocurrency industry. Starting from that 25-year-old Peking University student in 2011, he has been changing the industry in different ways.

At that time, after seeing the Bitcoin white paper, Wu Jihan directly invested 100k yuan in full, when Bitcoin was only $10 each. He didn't hesitate like most people; instead, he began translating the white paper, bringing Bitcoin's concept into the Chinese-speaking world for the first time. This seemingly simple act actually ignited the entire Chinese community's interest in crypto. He also co-founded Barbit, becoming one of China's earliest Bitcoin evangelists.

The real turning point that made Wu Jihan a "mining overlord" was in 2013. At that time, the mining boom was starting to explode, and he teamed up with Jihan Wu to develop the Antminer S1 in a residential house. How popular was this miner? Within half a year, it accounted for 75% of the global market. By 2016, the Antminer S9 became a benchmark for energy efficiency, directly sparking a revolution in ASIC chip technology. Miners say that without Wu Jihan's mining machines, electricity costs wouldn't even be profitable.

The 2017 Bitcoin fork event was also very interesting. Wu Jihan led the launch of Bitcoin Cash (BCH), triggering the "hash power war" in the crypto world. This was not just a technical innovation but also a display of his control over industry discourse. Although Bitmain faced setbacks in its 2018 IPO and he and Jihan Wu parted ways due to strategic differences, Wu Jihan didn't stop. He incubated the mining pool business into BitDeer, and even personally went to Inner Mongolia mines to eat lamb and drink strong liquor with workers. From a talented psychology student at Peking University to repairing mining machines himself, this transformation shows his adaptability.

What's even more interesting is his later financial layout. In 2019, Wu Jihan founded Matrixport, pioneering the "safety cushion" model for crypto asset management, managing over $10 billion in assets. He has put considerable effort into promoting licensed crypto finance operations, paving the way for regulatory frameworks in places like Singapore. Later, BitDeer was listed on NASDAQ with a valuation of $4 billion, building a global computing power network.

Now Wu Jihan is talking about the integration of AI and DeFi strategies. Matrixport is developing cross-chain protocols, aiming to incorporate AI computing power verification into decentralized finance. His ambitions have never been limited to just the crypto track; he aims to reshape the global financial landscape.

From translating white papers to controlling computing power, and now to financial innovation, Wu Jihan’s ten years indeed mirror the process of the crypto industry moving from geek experiments to mainstream finance. Driven by technological innovation and commercialization, he has defined industry rules for mining machines, computing power, and asset management. The story is still ongoing, and his next moves are likely to be even more exciting.