BitFuFu Announces Entry into Letter of Intent to Acquire Majority Stake in 51-MW Bitcoin Mining Facility in Oklahoma, United States
BitFuFu Inc. - Class A Ordinary Shares (FUFU)
Company Research
Source: GlobeNewswire
SINGAPORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, announced today that it has signed a letter of intent to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in the State of Oklahoma, United States. Strategically located in an unpopulated area, the facility has completed construction of its power and mining infrastructure. It boasts a reliable power supply of 51 MW from the grid at a competitive average cost of approximately 3 cents per kilowatt-hour. Operating air-cooled Bitcoin miners, the facility has consistently delivered high levels of hashrate efficiency. The transaction, expected to close in the first half of 2025 if consummated, is structured as a majority equity acquisition. The proposed transaction is subject to a definitive agreement to be negotiated between the parties, conditioned upon further financial and legal due diligence
Show less
Read more
Impact Snapshot
Event Time:
FUFU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FUFU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FUFU alerts
High impacting BitFuFu Inc. - Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
FUFU
News
- BitFuFu Named to World Future Awards’ TOP 100 Next Generation Companies for 2025GlobeNewswire
- BitFuFu (NASDAQ:FUFU) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- BitFuFu to Update Investors at the Emerging Growth Conference on December 11, 2025GlobeNewswire
- BitFuFu Announces November 2025 Bitcoin Production and Operational UpdatesGlobeNewswire
- BitFuFu to Sponsor Bitcoin MENA 2025 in Abu Dhabi, Expanding Middle East PresenceGlobeNewswire
FUFU
Earnings
- 11/12/25 - Beat
FUFU
Analyst Actions
- 11/13/25 - HC Wainwright
FUFU
Sec Filings
- 12/5/25 - Form 6-K
- 11/28/25 - Form EFFECT
- 11/12/25 - Form 6-K
- FUFU's page on the SEC website