Recently reflecting on some old events in the crypto world, I discovered a very interesting phenomenon: many people, when talking about mining machines and hash power, can't avoid mentioning one name.

Wu Jihan, this guy with a background in psychology from Peking University, spent ten years transforming from a Bitcoin white paper translator and evangelist into someone who controls global hash power. Honestly, this trajectory is quite extraordinary in any industry.

In 2011, in Beijing, 25-year-old Wu Jihan accidentally came across the Bitcoin white paper. Many people read it and then forgot about it, but he decided to go all in. Not only did he personally invest 100k yuan to buy Bitcoin (at that time, one coin was only $10), but he also translated the white paper into Chinese, bringing the concept of Bitcoin into the Chinese-speaking world. Back then, no one believed in it; friends laughed at his wild ideas, but he didn't care. He even helped co-found Barstool, becoming one of China's earliest Bitcoin evangelists.

What truly made Wu Jihan's name famous was after 2013. At that time, mining became a hot trend, and demand for mining machines exploded. He teamed up with Tsinghua’s tech genius Zhang Jietuan to develop the Antminer S1 in a humble residential house. Once released, this product swept the market, capturing 75% of the share within half a year. By 2016, the S9 became a benchmark for energy efficiency, sparking a technological revolution in ASIC chips.

Miners' evaluations of Wu Jihan are straightforward: "Without his mining machines, the electricity costs wouldn't even be covered." Bitmain was thus born out of nowhere, with revenue comparable to tech giants, and Wu Jihan was dubbed the "Mining Tyrant." He didn't rely on hype; he truly reshaped the entire mining landscape through technological innovation.

The 2017 Bitcoin fork event was a turning point. Wu Jihan led the launch of BCH, triggering a "hash power war." This decision stirred quite a bit of controversy in the community, but his logic was clear: to advance technology, you need to forge new paths. Through these underlying protocol battles, he deeply participated in setting the rules of cryptocurrency, holding significant influence over the industry discourse.

In 2018, after Bitmain's IPO faced setbacks, Wu Jihan and Zhang Jietuan parted ways due to strategic disagreements. But he didn't stop. He continued with his mining pool business, incubated BitDeer, and personally visited mines in Inner Mongolia, eating lamb and drinking strong liquor with workers. He joked, "Peking University psychology training came in handy, but more so, I learned how to repair mining machines." This down-to-earth resilience created a new chapter in his legend.

In 2019, Wu Jihan founded Matrixport, pioneering the "safety cushion" model for crypto asset management, overseeing assets exceeding $10 billion. He began promoting licensed operations in crypto finance, paving the way for regulatory frameworks in places like Singapore, setting compliance standards. Later, BitDeer was valued at $4 billion and listed on Nasdaq, building a global hash power network. His strategic reach extended into Singapore Freeport and Middle Eastern compliant trading hubs, leading the industry toward standardization.

Today, Wu Jihan has proposed a strategy combining "AI + DeFi." Matrixport is developing cross-chain protocols, integrating AI computing power verification into decentralized finance, aiming at the future of distributed financial infrastructure. His layout is no longer limited to cryptocurrencies but seeks to reshape the global financial landscape.

Wall Street once said: "Understanding Wu Jihan's strategy is to see the future five years of crypto power map." From white paper translation to hash power dominance, from financial breakthroughs to AI integration, this decade-long trajectory reflects the complete transformation of blockchain from a tech experiment to a new global financial force.

Wu Jihan, driven by "technological commercialization + regulatory synergy," has defined the industry rules for mining machines, hash power, and asset management. His story embodies conviction and persistence, and is a vivid footnote to China's rise in blockchain. From a Peking University prodigy to a crypto mining titan, his journey continues. What will the next decade hold? The answer may already be hidden in each of his strategic moves.