Our Heritage
Our heritage is defined by a pioneering spirit that rides and supports Bitcoin’s emerging role as a store of economic value.
Bitdeer’s founder, Jihan Wu discovered Bitcoin and recognized its early promise as an investment analyst. Having studied economics and psychology from Peking University, he instantly became engrossed by Satoshi Nakamoto’s idea for a decentralized digital currency.
But to break out of its niche market and gain wider acceptance, Bitcoin would need far more infrastructure to support it. So, Wu began working on a solution that would play a vital role in Bitcoin’s development. [1]
In mid-2011, Wu managed to raise enough money to buy 900 bitcoin. Soon, he began to invest in bitcoin mining startups and at one point became the largest private investor in ASICMiner, a provider of application-specific integrated circuit bitcoin mining rigs. [2]
Ultimately, the profits from investing in ASICMiner allowed Wu to co-found Bitmain Technologies in 2013. By 2018, the company had grown into the world's largest computer chip company for bitcoin mining, with a 75% market share, according to Frost & Sullivan. [2]
In January 2021, Jihan stepped down as co-CEO and officially exited Bitmain [3] to focus on his role [1] as the chairman of Bitdeer Technologies, a Bitcoin mining company based in Singapore [1] with data centers in the United States and Norway.
Forbes
[1]
Our Journey
Since its inception in 2021, Bitdeer has rapidly expanded its global operational footprint and energy portfolio from Singapore (HQ), the US and Norway to Bhutan, Canada, Malaysia, Ethiopia, and beyond. On April 14, 2023, Bitdeer listed on NASDAQ under the ticker symbol $BTDR.
The Group pursues a vertical integration strategy across the Bitcoin mining and artificial intelligence (AI) value chain. Our technology expertise spans IC design and hardware manufacturing, to data center and infrastructure construction, and artificial intelligence & high-performance computing.
Jihan Wu
Founder, Chairman, & CEO
