Co-Founder of Bitmains Micree Zhan Net Worth

With Nvidia stealing all the limelight from the bitcoin mining scenario with the shortage of their newly launched graphics cards, it is nearly impossible for an average person to know about the other numerous companies who are into the manufacturing of mining hardware’s worldwide, I mean why would an average person who doesn’t even know about mining and all it cares about is gaming would even know or look into the other manufacturer’s profile but did you know there are companies all around the world which specializes only in the manufacturing of mining-focused hardware with higher hash rates to optimize the mining process for bitcoins by producing hardware with lower carbon footprints

The not so surprising fact is most of them are located in China and out of them all some also own their own bitcoin mining farms generating more than 50% of their annual revenue by mining bitcoins instead of selling the hardware. I mean why not? If the mining is generating them double the revenue.

The fact itself that anyone with good and optimized hardware can mine their own bitcoins by solving complex bitcoin blockchain transactions by the use of brute force is mind-boggling when you come to think of the value of a single bitcoin nowadays and the rate by which it is growing. Wait, before you just go and start googling about how to mine your own bitcoin at home, let me tell you that don’t even try if you have some casual PC hardware, because the chances are that your computers gonna blow up in ashes.

The scenario has changed a lot with the origin of bitcoin around 2008, it was easier to mine as the hash rate required to mine was very low but, now the hash rate deserves its own article.

Instead, we will talk about a guy who owns the world’s biggest bitcoin mining hardware company and still generates most of the revenue through mining farms and mining pools as usual.

I am talking about Micree Zhan, one of the cofounder duo of Bitmains, the world’s biggest mining chip manufacturer, and zero points for guessing that his net worth is mind-boggling too.

Introduction

In 2001, Micree Zhan graduated from Shandong University with a degree in Electrical engineering followed by a master’s degree in electrical engineering from the Chinese Academy of Sciences’ Institute of Microelectronics in 2004.

He started his career as a Research and Development engineer in the research institute of information technology of Tsinghua university followed by a job in 2006 at Unitend Technologies as the Head of research and development building chips for digital televisions.

Humble, isn’t it?

While in 2010, He launched a startup known as DivaIP technologies which involved building chips for Set-top boxes. Surprisingly, the era of set-top boxes and Bitcoin was the same. Who would have known at that time?

After that Zhan met Jihan wu and cofounded the mining chip manufacturing giant Bitmains, Jihan wu is the first person to translate the bitcoin whitepaper into mandarin Chinese and he was the one who convinced Zhan to join him. It was revealed a lot later in the pitch deck while the company was trying to come up with their USA listed IPO that 36% of the companies stake is under Zhan as he is the technical head behind the high-efficiency chips manufactured by the firm.

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Micree Zhan Networth

While not much is known about the life of Micree Zhan as he likes to keep a low profile but, we can easily state the person who owns a bitcoin chip manufacturing firm, bitcoin farms, and bitcoin pools, not one, but several should be rich. According to some sources, the estimated net worth of Zhan is more than $5 billion and is one of the richest in the cryptocurrency community. After all, he makes his own bitcoins bro.