Crypto Miner Bitdeer Acquires Singapore Storage Facility Le Freeport for S$40M

Bitdeer, a mining company owned by Bitman co-founder Wu Jihan, spent Singapore dollars $40 million (about US$28.4 million) in July to acquire Le Freeport, the highest-security storage facility in Singapore, according to Bloomberg.

Wu Jihan himself has confirmed the transaction.

Formerly known as Singapore Freeport, Le Freeport is a highly secure storage and display facility in Singapore.

Wu, known as Asia’s Fort Knox, has acquired a repository of art, precious gems and bullion from Swiss art dealer and shareholders led by founder Yves Bouvier, people familiar with the matter said.

Le Freeport cost S$100 million (nearly US$71 million) to build and opened in 2010. About three-quarters of the purchase price went to creditors, including DBS, while Yves Bouvier, who once held a 70% stake in Le Freeport, and other shareholders received about S$5 million after paying down debt and paying costs, people familiar with the matter said. (nearly $3.55 million)

Last year, Bitman co-founder Wu Jihan officially announced that he would be stepping down from leading cryptocurrency mining firm Bitmain Technologies Limited as part of an effort to resolve a long-running internal power struggle with rival co-founder Zhan Mailei.

Bitman co-founder Wu Jihan has officially announced that he will be stepping down from leading cryptocurrency mining firm Bitmain Technologies Limited, as part of an effort to resolve a long-running internal power struggle with rival co-founder Zhan Mailei.

After the settlement, Wu will lead Bitdeer, a cloud mining company in Norway and the United States, which was spun out of Bitmain. He will serve as the company’s chairman and Kong Linghui will serve as the new company’s chief executive officer.

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Crypto Platform Matrixport under Bitmain Co-Founder Received $100M in Series C Funding,Valued over $1B

The Singapore-based digital financial service platform Matrixport led by Wu Jihan, the co-founder of the world’s top Bitcoin mining machine provider giant Bitmain, raised $100 million in Series C financing.

The company’s market value will exceed $1 billion after completing this financing, joining the ranks of cryptocurrency enterprise unicorns.

Reportedly, the C round of financing was led by Russia’s leading Internet investment firms DST Global, venture capital company C Ventures, and Singapore venture capital fund K3 Ventures. Other investors include Qiming Venture Capital, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures, and A&T Capital.

Matrixport said that the funds raised this time will develop further research and development of its product supply and security while enhancing the user experience for platform users.

The Chief Executive Officer of Matrixport Ge Yuesheng will continue to expand financing and said in an interview:

“Crypto banking is still a fast-growing niche when compared to wallets and exchanges. Our clients are mainly high net-worth individuals in crypto who have a wide range of expectations of risk and return.”

To date, high-tech startup Matrixport has raised a total of $129 million in funding. The latest funding was raised on Apr 26, 2021, from a Series C round through Qiming Venture Partners, who also invested $100 million in funding this time.

As of March this year, Matrixport has managed and managed client assets of more than $10 billion. Ge said today that the company’s goal is to go on the public listing within three to five years and plans to increase the assets under management and custody to hundreds of billions of dollars within five years.

In January 2021, Wu Jihan resigned from the CEO and chairman of Bitmain and announced the establishment of the Bitdeer Group-previously known as the share mining machine business of Bitmain and concurrently serves as the chairman of Matrixport.

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Chinese Lottery Firm Acquires Crypto Mining Pool

U.S.-listed Chinese sports lottery firm (NYSE: WBAI) said Tuesday it’s inked a share-swap deal to acquire the cryptocurrency mining pool business of Bitdeer Technologies, including

According to an announcement, the agreement will see purchase all the shares of Bitdeer-owned Blockchain Alliance, which is based in the Cayman Islands, with 10% of its own shares. 

A cryptocurrency cloud mining firm, Bitdeer Technologies is majority owned by its charman, Jihan Wu, who recently resigned as the CEO and chairman of mining giant Bitmain following a lengthy dispute with a co-founder.’s pool mines various cryptocurrencies including bitcoin, bitcoin cash, ether and litecoin. 

The stock swap announced by will include the transfer of the entire mining pool business of Bitdeer Technologies, including the domain name and the cryptocurrency wallet of and is expected to occur around April.

This year, has been busy making moves to acquire batches of bitcoin mining machines after it announced a pivot to the cryptocurrency space in January. 



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