Research

History in the Making: The story behind Bitmain Technologies

Quick Take

  • Bitmain owns 74.5% of the market for application specific integrated circuit (ASIC)-based cryptocurrency mining hardware — a market that is nearly tripling annually.
  • Founder Jihan Wu is often cited as the first person to translate the Bitcoin white paper to Chinese. 
  • Prior to co-founding Bitmain, Ketuan “Micree” Zhan, was working on a streaming startup.

History in the Making is a series where we take a look at the history of some of the most important companies, projects, and products in the crypto space.

Nothing strikes more fear into the hearts of those in the crypto community than the news of Bitmain Technologies taking an interest in their projects.