Low-Cost Energy Meets High Hashrates: Bitfufu Eyes Major Oklahoma Mining Stake

January 17, 2025 Bitcoin.com

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Bitfufu has entered into a letter of intent to acquire a controlling interest in a 51-megawatt (MW) bitcoin mining facility based in Oklahoma. Bitfufu’s Strategic $0.03 per kWh Power Play As outlined in Bitfufu‘s announcement, the facility, located in an unpopulated region, is equipped with fully operational power and mining infrastructure. Electricity is procured from […]

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Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

December 5, 2024 Bitcoin.com

Bitcoin mining

Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu […]

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Cloud Mining Company Bitfufu Joins the FTSE Global Micro Cap Index

November 25, 2024 Bitcoin.com

bitcoin.com

Singapore-based cloud mining service Bitfufu (NASDAQ: FUFU) has officially been included in the FTSE Global Micro Cap Index. This milestone not only highlights the company’s growth trajectory but also showcases the rising prominence of bitcoin miners in the global equity markets. Joining the ranks of notable bitcoin miners like Bitfarms, Core Scientific, Cipher Mining, and […]

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Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

November 6, 2024 Bitcoin.com

bitcoin.com

Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The […]

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Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia

October 23, 2024 Bitcoin.com

bitcoin.com

Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions from an asset-light strategy to managing a diverse portfolio of Bitcoin mining infrastructure. With this acquisition, Bitfufu’s hosting […]

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Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

August 20, 2024 Bitcoin.com

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay Million

Bitcoin

Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […]

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Bitcoin mining expenses surge 168% amid capacity growth

August 20, 2024 Coin Telegraph

Bitcoin mining

BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.

BitFuFu, a cloud mining company affiliated with Bitmain, has released an unaudited financial and operational report on its Q2 2024 results, which ended on June 30.

The results reveal a significant surge in the cost of Bitcoin (BTC) mining amid the challenges and growth the firm has experienced over the last 12 months.

Alongside this surge in cost, the report also noted increased mining capacity under management, increasing “62.5% to 24.7 EH/s, compared to 15.2 EH/s during the same period of 2023.”

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World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function

February 20, 2023 Bitcoin.com

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PRESS RELEASE. On 21st February, BitFuFu will announce the launch of the ANTMINER coupons trading function at the WDMS conference. ANTMINER coupons are issued by the world’s leading miner manufacturer BITMAIN, which can be used to offset the purchase order amount of ANTMINER produced which was sold by BITMAIN, thereby reducing the cost of miners […]

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Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan

August 4, 2021 Bitcoin.com

bitcoin.com

PRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock new mining plans. […]

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