The Net Worth of Micree Zhan
The net worth of Micree Zhan has been estimated to be $3.2 billion as of January 2021. He is one of the richest people in Bitcoin, and was the co-founder of the famous cryptocurrency mining hardware manufacturer, Bitmain. But, his networth has dwindled substantially in recent months. His earnings have decreased by almost half compared to last year, bringing his total net assets to $1.6 billion.
Although the Bitcoin mining industry continues to experience a rapid growth, the company is still struggling. The emergence of new technologies has made cryptocurrency mining more lucrative than ever. But the company's financial performance has also been questionable. Bitmain's share price has dropped significantly, and it has been hard to keep up with the market. The company has reported a net loss of $5 billion since the beginning of 2018, and its profits have been decreasing year after year.
Although his fortune is not huge compared to the fortunes of Jack Ma, Micree Zhan is the richest person in the crypto community. While his wealth is nowhere near Jack Ma's ecommerce fortune, he has managed to create a lucrative and profitable business. As the co-founder of Bitmain Technologies, he has made himself one of the richest people in the country. He lives in Beijing and is worth $US4.2 billion.