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BitFuFu signs two-year deal with Bitmain for 80000 mining rigs

BitFuFu has secured a two-year agreement with Bitmain to acquire up to 80,000 S-series Bitcoin mining rigs, including the latest S21 XP and S21 Pro models. This strategic partnership aims to enhance BitFuFu's self-mining and cloud mining operations, targeting an additional 1 GW of capacity by 2026. The deal allows for flexible payments, including part in shares and deferred cash payments, ensuring liquidity while supporting growth.
CryptoPotato
BitFuFu Inc. ETH CHN Leo Lue
Finance & Economy, Press Release
20:19 05.01.2025

bitfufu shares rise after agreement to purchase 80000 bitcoin miners

BitFuFu's shares rose 13% to $5.60 following a two-year agreement with Bitmain to purchase up to 80,000 Bitcoin miners, including the advanced S21 XP and S21 Pro models. This partnership aims to enhance BitFuFu's mining infrastructure, targeting an additional 1 gigawatt capacity by 2026. The firm currently manages 26.2 EH/s hashrate and holds 1,664 BTC valued at approximately $161 million.
Cointelegraph
BitFuFu Inc. ETH USA SGP Leo Lue Show more
Finance & Economy, Market Report
05:46 03.01.2025
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