Core Insights - BitFuFu Inc. has signed a letter of intent to acquire a majority stake in a 51-megawatt Bitcoin mining facility in Oklahoma, USA [1][3] - The facility is strategically located in an unpopulated area and has a reliable power supply at a competitive cost of approximately 3 cents per kilowatt-hour [2] - The acquisition is part of BitFuFu's North American expansion strategy and aims to enhance operational efficiency and reinforce its leadership in Bitcoin mining [4] Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [5] - The company has received early investment from BITMAIN and remains a strategic partner in the Bitcoin mining sector [5][6] - BitFuFu is committed to fostering a secure and transparent blockchain infrastructure, offering stable digital asset mining solutions to a global customer base [6]

Core Insights - BitFuFu Inc. has launched a new software service, BitFuFuOS, which can enhance mining earnings by up to 20% [1] - The service integrates various mining components to provide a seamless experience for users [1] Group 1: Product Features - BitFuFuOS is designed for ease of use, offering advanced customization and flexibility with overclocking and underclocking modes [2] - The software is compatible with 10 mainstream mining rigs, including Antminer S21, Antminer T21, and Antminer S19 XP [2] - A professional support team is available to assist users with any issues [2] Group 2: Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining [3] - The company has received early investment from BITMAIN and remains its sole strategic partner in the Bitcoin mining sector [3][4] - BitFuFu is committed to fostering a secure and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions [4]

SINGAPORE, Jan. 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 December 2024. Key Highlights: Bitcoin Production: Produced 111 Bitcoins ("BTC") from self-mining operations, representing a 32% increase from November 2024. Bitcoin Holdings: Held 1,720 BTC in total as of December 31, 2024.Cloud Mining Platform Growth: Surpassed ...

Company Overview - BitFuFu Inc is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [4] - The company received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN's strategic partner in the Bitcoin mining and mining services space [4] - BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base [5] - Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently [5] User Growth and Market Reach - BitFuFu's registered cloud-mining users surpassed 520,000, with a compound annual growth rate (CAGR) and YoY% of 67% since launching its cloud-mining website in December 2020 and mobile APP in October 2021 [1] - The company has attracted registered users from over 150 countries, with the top countries driving growth mainly from Asia-Pacific and Europe [1] Product Development and User Experience - In November 2024, BitFuFu revamped its website and mobile app to significantly enhance the user experience and empower users with cutting-edge, user-friendly solutions tailored to their needs [2] - The company's growth in user base demonstrates the tangible value delivered to users and highlights the resilience of its business model across market cycles [3] - BitFuFu is committed to making digital asset mining simpler, more efficient, and accessible to all, with plans to continue innovating and setting new benchmarks in the industry [3]

Core Viewpoint - BitFuFu Inc. has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities in the U.S., with a combined capacity of 33 megawatts, allowing the company the option to acquire a majority stake in these facilities [1][2]. Group 1: Company Strategy and Growth - The lease agreements represent a shift from an asset-light strategy to a more robust portfolio of Bitcoin mining infrastructure, with a target of adding 1 GW of capacity by the end of 2026 [2]. - With the addition of the two facilities, BitFuFu now has over 110 MW of capacity across its owned or operated sites [2]. - The two facilities have hosting capacities of 22 MW and 11 MW, respectively, and can potentially add 2 EH/s of mining capacity, with power costs averaging as low as $0.042 per kilowatt-hour [3]. Group 2: Leadership Insights - CEO Leo Lu emphasized the importance of balancing asset-light and asset-heavy strategies to secure cost-efficient and stable power sources for operations [4]. - The company has been managing operations at these facilities for about a year and is satisfied with their uptime, cost-effectiveness, and operational stability [3][4]. Group 3: Company Background - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [5]. - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and maintains a strategic partnership with BITMAIN [5][6]. - BitFuFu is committed to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [6].

Core Insights - BitFuFu Inc. has launched an upgraded website and mobile app to enhance the digital asset mining experience for users [1][3] - The new platform features an intuitive user interface, faster navigation, and improved access to products and services, reflecting the company's commitment to innovation [1][3] - The upgrades include a broader range of payment options, allowing users to pay service fees using loyalty points or multiple digital assets such as BTC, USDT, and ETH [2][3] Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining [7][8] - The company has received early investment from BITMAIN and remains its sole strategic partner in the cloud mining space [7][8] - BitFuFu aims to foster a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions [8] Product Promotion - To celebrate the platform upgrade, BitFuFu is offering a special promotion for its "Miner Co-Hosting" product, allowing users to purchase miners and co-host them at BitFuFu's mining farm [4] - Users can start mining immediately after installation and retain ownership of the miner after the hosting period ends, making it a hassle-free option for participation in mining [4]

SINGAPORE, Nov. 29, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”), a global leader in Bitcoin mining and comprehensive mining services, today announced it will participate in the inaugural B. Riley Securities Energy Convergence Conference: Mining, Nuclear and Infrastructure on Wednesday, December 4, 2024, at the Hotel Eventi in New York City. Charley Brady, BitFuFu’s Vice President of Investor Relations, will participate in the conference and meet with institut ...

SINGAPORE, Nov. 15, 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 changes in its board of directors (the “Board”). Mr. Cheng Yao has resigned from the Board, effective from November 14, 2024. Mr. Yao’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Leo Lu, Chairman and Ch ...

Core Viewpoint - BitFuFu, Inc. has entered into a two-year Master Loan Agreement with Antpool Technologies, allowing access to up to $100 million in capital for corporate purposes, including potential M&A and hosting fees to retain Bitcoin holdings [1][2]. Group 1: Financial Agreement - The Master Loan Agreement allows borrowings at an annual interest rate of 6.5%, secured by a portion of the Company's Bitcoin holdings with a loan-to-value (LTV) ratio of 70% [2]. - Currently, there are no borrowings under the Master Loan Agreement [2]. Group 2: Company Overview - BitFuFu is recognized as a fast-growing digital asset mining service and a leading cloud-mining service provider, with early investment from Bitmain, a major digital asset mining hardware manufacturer [3][4]. - The Company aims to provide secure, compliant, and transparent blockchain infrastructure, offering various digital asset mining solutions to a global customer base [4].

Singapore, Nov. 08, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (NASDAQ: FUFU) (“BitFuFu” or the “Company) a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it has been awarded Best Technology Solution Provider for Digital Assets – Cloud. This prestigious annual award recognizes the financial services industry’s most innovative and influential companies, honoring those who set new standards in technology and digital asset management worldwide. In re ...