Bitmain Moves Toward Artificial Intelligence after Bitcoin Dominance

By its own reckoning, Bitmain built 70 percent of all the computers on the Bitcoin network. It makes specialized chips to perform the critical hash functions involved in mining and trading bitcoin and packages those chips into the top mining rig; the Antminer S9. Now the tech giant is looking to Artificial Intelligence. Apart from Bitcoin and cryptocurrency mining, Jihan Wu, the Co-founder of Bitmain envisions a use-case for Bitmain beyond blockchain and cryptocurrency. In an interview with the Institute of Electronics and Electrical Engineers (IEEE), Wu expressed that while Bitcoin's success is personal to him, Bitmain can't solely rely on Bitcoin and has to search other avenues for continual success.