Jihan Wu

Hardware entrepreneur and mining‑hardware supplier · Bitmain

Released Antminer product lines and managed large‑scale miner sales that determined available SHA‑256 hashrate and influenced BTCST valuation

Directed industrial production and product roadmaps for ASIC miners whose throughput and deployment economics are the primary inputs into any hashrate‑backed token valuation. Decisions on Antminer chip design, batch production sizes, pricing strategy and shipment timing materially change the cost of acquiring and operating SHA‑256 hashrate; those concrete actions by Bitmain management affected the supply curve for miners and thus the implied market price of hashrate units that BTCST tokenizes. Large inventories, firmware policy and sales to large mining farms created step‑changes in deployed network hashrate, altering miners’ revenue per TH/s and the cashflows that back on‑chain representations like BTCST. Relationship between hardware vendors and pools, including sales to custody operators, further linked Bitmain’s commercial decisions to the practical abilities of token issuers to collateralize ERC‑20 tokens with real‑world mining capacity.