BitFuFu (FUFU) to Acquire 80-MW Bitcoin Mining Facility in Ethiopia
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BitFuFu to Acquire 80-MW Bitcoin Mining Facility in Ethiopia
October 22, 2024 6:00 AM EDTSINGAPORE, 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 Companys transition from an asset-light strategy to one that manages a diverse and robust portfolio of Bitcoin mining infrastructure. As of June 30, 2024, BitFuFus hosting capacity was 522 MW, all of which is hosted by third parties. Upon completion of this... More
