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 companyâ€™s computing partnerships and its plans to make digital currency mining greener.
Bitmainâ€™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.
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:
â€˜Creating Credible Valueâ€™
The Bitmain cofounder stressed at the event that well known firms entering the crypto space would continue and he expects the crypto economy to swell. While talking about a lot of positives in the cryptocurrency space, Wu said there will be some challenges and emphasized the industry needs to build â€œcredible value.â€
Wu further explained that digital assets are not fringe anymore and have become recognized by the worldâ€™s financial powers.
â€œThis is good for the industry as it indicates that itâ€™s being increasingly recognized by mainstream finance,â€ Wu remarked during his presentation. â€œBe it as a new operational direction for the company or as a new type of financial investment, I believe that more and more big-name companies will continue to enter this industry in the future.â€
â€œBitdeer Group has made preparations in order to adapt to the mining industry trends and market changes head-on,â€ Matt Kong, Bitdeer Groupâ€™s CEO said during the conference.
What do you think about the statements Jihan Wu made at the conference? Let us know what you think about this subject in the comments section below.
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