The mining billionaire no one has heard of.
With rumors, controversy and news buzzing about its upcoming IPO, Chinese cryptocurrency-mining chip firm Bitmain has been thrust into the spotlight in recent months. Jihan Wu, Bitmain’s cofounder and co-CEO, has gotten most of the media coverage, largely because of his prominent online social presence.
Meanwhile, Micree Zhan, Bitmain’s other cofounder and co-CEO, has kept a much lower profile but owns a much bigger stake in Bitmain than Wu does. Zhan is Bitmain’s technical mastermind and owns 36.58% of the company, while Wu’s stake is 20.5%, according to the leaked pre-IPO investor decks. The Beijing-based company is confident that it will achieve a $14 billion market capitalization once it offers shares to the public, according to its pre-IPO investor materials. That would make Zhan’s stake worth at least $5.1 billion and Wu’s stake worth nearly $2.9 billion.
Forbes isn’t so bullish. After talking with analysts, we estimate Zhan’s net worth at around $4 billion and Wu’s at close to $2.3 billion. Forbes valued Bitmain by applying price-to-sales ratios from comparable companies including Nvidia, AMD, Qualcomm, Mediatek and Cisco.
هذه القصة مأخوذة من طبعة September 2018 من Forbes Asia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 2018 من Forbes Asia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول