BitFuFu to Acquire 80-MW Bitcoin Mining Facility in Ethiopia
BitFuFu Inc. (FUFU)
Company Research
Source: GlobeNewswire
SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced it has entered into a definitive agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This transaction marks the start of the Company’s transition from an asset-light strategy to one that manages a diverse and robust portfolio of Bitcoin mining infrastructure. As of June 30, 2024, BitFuFu’s hosting capacity was 522 MW, all of which is hosted by third parties. Upon completion of this transaction, BitFuFu’s hosting capacity will surpass the 600MW mark, approximately 13% of which will reside in sites owned and operated by the Company. The newly acquired mining facility will provide BitFuFu with the potential to add 4.6 EH/s mining capacity with the deployment of the latest Bitmain S21-series miners. With power costs averaging bel
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FUFU
News
- BitFuFu Announces January 2025 Bitcoin Mining and Operation UpdatesGlobeNewswire
- BitFuFu to Participate in the 37th Annual ROTH ConferenceGlobeNewswire
- BitFuFu Announces Entry into Letter of Intent to Acquire Majority Stake in 51-MW Bitcoin Mining Facility in Oklahoma, United StatesGlobeNewswire
- BitFuFu Unveils BitFuFuOS Software Service to Boost Mining Revenue by up to 20%GlobeNewswire
- BitFuFu Reports Strong Bitcoin Production Growth and Strategic Expansion [Yahoo! Finance]Yahoo! Finance
FUFU
Analyst Actions
- 12/9/24 - HC Wainwright
FUFU
Sec Filings
- 2/6/25 - Form 424B3
- 2/6/25 - Form 6-K
- 1/16/25 - Form 424B3
- FUFU's page on the SEC website