BitFuFu Secures $100 Million Credit Line From Antpool Technologies
BitFuFu Inc. (FUFU)
Company Research
Source: GlobeNewswire
Singapore, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc.. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that its wholly owned subsidiary has entered into a two-year Master Loan Agreement (“MLA”) with Antpool Technologies, granting the Company access up to $100 million in capital. Funds drawn under the MLA will be used for general corporate purposes, including potential M&A opportunities and covering hosting fees to retain Bitcoin holdings and capitalize on potential price appreciation. Borrowings under the MLA bear an annual interest rate of 6.5% and will be secured by a portion of the Company’s Bitcoin holdings, with a loan-to-value (LTV) ratio of 70%. The secured Bitcoin will be held in custody by Antpool Technologies. There are currently no borrowings under the Master Loan Agreement. About BitFuFu Inc. BitFuFu is a fast-growing digital asset mi
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FUFU
News
- BitFuFu Surpasses 520,000 Registered Cloud-Mining UsersGlobeNewswire
- BitFuFu Signs Long-Term Lease for Two Mining Facilities with 33 MW Capacity in the U.S.GlobeNewswire
- BitFuFu to Participate in The Microcap Conference in January 2025Accesswire
- BitFuFu Inc. (NASDAQ: FUFU) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- BitFuFu Announces November 2024 Production and Mining Operations UpdateGlobeNewswire
FUFU
Sec Filings
- 12/6/24 - Form 424B3
- 12/6/24 - Form 6-K
- 11/15/24 - Form 424B3
- FUFU's page on the SEC website