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Stock impact report

BitFuFu Announces January 2025 Bitcoin Mining and Operation Updates

BitFuFu Inc. - Class A Ordinary Shares (FUFU) 
Company Research Source: GlobeNewswire
SINGAPORE, Feb. 06, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for January 2025. Key Highlights: Bitcoin Production: Produced 83 Bitcoins ("BTC") from self-mining operations and 200 BTC for cloud-mining customers.Bitcoin Holdings: Held 1,742 BTC in total as of January 31, 20251.Strategic Expansion: Miners: 2,000 units of S21XP miners expected to arrive in the U.S. and to be energized in March 2025, adding 0.54EH/s of mining capacity.Mining Facilities: Signed a letter of intent to acquire an operational 51-megawatt (MW) Bitcoin mining facility in the State of Oklahoma, U.S., with $0.03/kWh average power cost. “Bitcoin prices have remained resilient over the last two months, driving strong demand for our cloud-mining services, especially from large-scale customers,” said Leo Lu, Chairman Show less Read more
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