I graduated from Yale University Business School and have held positions such as Chief Investment Officer and International Strategic Advisor at Citibank, JPMorgan Chase, and Goldman Sachs. I returned to China and began to engage in the field of Bitcoin.

Let me introduce my background. I am based in Shanghai, born in 1993, and graduated with a master's degree in the UK. I work for a company listed on the A-share market. Actually, I don’t have much connection with Bitcoin; I just heard it was particularly profitable during the big boom in 2017, so I started to study the mechanism and principles of Bitcoin. Since I particularly enjoy researching side jobs to make money, I then had my first investment experience.
At that time, in May 2018, EOS was all the rage, and I thought the coin was not at a high point, so I bought EOS and HT for a total of 22,500 RMB on the Huobi exchange. As a result, the price began to plummet continuously, and to this day, I am still stuck in it, with my assets shrinking to 14,000 (as shown in the picture below). Because I got to know some big names in the crypto circle while studying in the UK, later they communicated, and from their insinuating words, I figured out how they raised money. It’s actually quite similar to Sun Yuchen... they first raised a sum of money for the ICO, then held a large number of nodes, opened several accounts, and when Bitcoin was at its peak, they aggressively pumped the price, then cut the leeks... If you look at various air coins on exchanges, you will find that they start to plummet after the third month because they raise money and run away. Only world-class cryptocurrencies like Bitcoin and ETH are not easily manipulated because it is difficult for a few big players to drive such a large market.
Later, I began to study the primary market of Bitcoin, commonly known as mining. However, the traditional mining model made me feel the investment was too large because the initial capital investment, which is the cost of buying mining machines, was too high, and the subsequent cash flow, which is the corresponding value of Bitcoin produced in RMB, was not stable enough. So I gave up this idea. For a long time, my side business income was zero, haha...
Just then, a turning point appeared. A childhood friend told me he was doing a project to rent mining machines to mine Bitcoin, so I became interested in their project. Their project's profit model can be summarized in three points:
1. Self-operated mining farms with large-scale procurement of mining machines, creating marginal benefits from purchasing. Centralized control can better utilize the remaining value of computing power in the mining farm.
2. There is a proprietary token BHP, which tokenizes the intangible asset of computing power.