Bitkan has launched OTC Bitcoin Cash trading through its mobile app and also added Ethereum support, signaling a broader push into China’s increasingly active cryptocurrency OTC market.

Media granted rare access to Bitmain's massive Bitcoin mining facility in Inner Mongolia. The site houses 25,000 rigs, generating $250,000 daily. CEO Jihan Wu discusses US expansion and predicts Bitcoin will reach $100,000 within five years.

This article profiles Bitmain co-founder Jihan Wu, the quiet billionaire who controls roughly 80% of Bitcoin mining hardware, runs major mining pools, sparked the BCH fork, and is planning a record IPO while expanding into AI.

This article examines how Bitmain co-founder Jihan Wu rose to become one of crypto’s most influential figures through ASIC mining hardware, mining pools, and cloud mining, while also facing controversy over market power, Bitcoin Cash, and regulation.

Jihan Wu helped turn Bitmain into a dominant force across ASIC mining rigs, mining pools, and cloud mining, while also becoming one of crypto’s most controversial and influential figures.

Based on March 2020 data, this article ranks the 35 most influential crypto personalities on Twitter by follower count, including Justin Sun, Vitalik Buterin, Charlie Lee, and discusses paid engagement controversies.

Bitdeer Technologies Group, a Singapore-based Bitcoin mining company, has launched a $330 million convertible notes offering to expand its mining business, accelerate ASIC rig development, and build out AI infrastructure. The notes mature in 2031 and carry a 4.875% annual interest rate. They are convertible into Bitdeer Class A ordinary shares at a 25% premium to the current stock price of $11.84, implying an initial conversion price of about $15.88 per share. If investors exercise an additional purchase option within 13 days, the total deal size could rise to $375 million. Bitdeer expects approximately $319.6 million in net proceeds, with $129.6 million allocated to a zero-strike call option, $36.1 million used for concurrent note exchanges, and the rest directed toward datacenter expansion, next-generation ASIC miners, and general corporate purposes. The company is also exchanging part of its 8.50% convertible notes due 2029 through a package of roughly $36.1 million in cash and 8.1 million shares for $75.7 million in outstanding notes. The raise comes after a period of operational growth: in May 2025, Bitdeer mined 196 BTC worth more than $21 million, increased its self-mining hashrate to 13.6 EH/s, deployed SEALMINER rigs across Texas, Norway, and Bhutan, and officially launched an AI cloud platform powered by large language models. The company, which has a market capitalization above $2.3 billion, is continuing to invest aggressively as competition intensifies across both Bitcoin mining and AI compute.

KindlyMD, Inc. (NASDAQ: KDLY), a healthcare services provider based in Utah, has entered into a merger agreement with Nakamoto Holdings Inc., a Bitcoin-native holding company, in a deal announced on May 12, 2025. The transaction includes $710 million in total financing, combining $510 million raised through a PIPE at $1.12 per share and $200 million in senior secured convertible notes due in 2028. Once completed, the merger is expected to create a publicly traded company centered on a Bitcoin treasury strategy while preserving KindlyMD’s existing healthcare operations. David Bailey, founder of BTC Inc. and Nakamoto Holdings, will become CEO of the combined company, while Tim Pickett will continue overseeing KindlyMD’s clinical services across four Utah clinics. The deal also drew participation from more than 200 global investors, including firms such as Arrington Capital, ParaFi, Van Eck, and Yorkville Advisors, as well as individuals including Adam Back, Balaji Srinivasan, Jihan Wu, Eric Semler, Ricardo Salinas, and Simon Gerovich. The combined board will include six directors appointed by Nakamoto and one by KindlyMD. Additional transaction details are expected to be disclosed in a Form 8-K filing with the SEC, and the deal remains subject to shareholder approval and other customary closing conditions.