Several sources close to Chinese business circles reported that the co-founder and former director of mining giant Bitmain Jihan Wu was preparing to launch a new company called Matrix.
Interestingly, the main client of Matrix will be Wu's former brainchild - Bitmain. Of course, now the new business is negotiating with other companies around the world. Matrix expected to offer custody and credit services, so the choice of Bitmain as a key client is quite reasonable. The mining giant generates a large amount of cryptocurrency that needs to be stored somewhere.