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Bitfufu Secures $100 Million Credit Line From Antpool Technologies
12.11.2024
Singapore-based cloud mining service Bitfufu has obtained a $100 million credit line from Antpool Technologies, intended to reinforce its bitcoin holdings. Antpool Backs Bitfufu With $100 Million Credit Agreement In a move reflecting Bitfufu‘s ambitious growth goals, the cryptocurrency...
Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year
6.11.2024
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...
Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia
23.10.2024
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...
BitFuFu boosts Bitcoin mining with first physical facility in Ethiopia
22.10.2024
BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio.
Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
21.8.2024
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...
Bitcoin mining expenses surge 168% amid capacity growth
20.8.2024
BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving
Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
The post Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue appeared first on Cryptonews
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
BitFuFu: 10 Million Trial Cash Giveaway, Enjoy Bitcoin Cloud Mining at Zero Cost
26.10.2023
PRESS RELEASE. In order to allow more users to experience cloud mining, BitFuFu has introduced the Trial Cash feature. During the initial launch, we’re giving away 10 Million Trial Cash, so invite your friends to share this bounty! There are additional referral rewards waiting for you too!...
S21 Miner Makes its Debut at WDMS for the First Time, with BitFuFu Among the First Public Online Sales Platforms
28.9.2023
PRESS RELEASE. September 28, 2023 – The 2023 Global Digital Mining Summit (WDMS) concluded successfully in Singapore, exploring the future trends and investment opportunities in the Web 3.0 mining ecosystem. During the event, Bitmain unveiled its latest high-hashrate miner, the S21,...
Double Rewards + 8% Off: Join BitFuFu Special Week and Invite Friends!
21.7.2023
PRESS RELEASE. BitFuFu is excited to announce the launch of BitFuFu Special Week, a highly anticipated event that offers exclusive benefits and enticing offers for our valued users. This is a unique opportunity for you to invite friends and take advantage of remarkable rewards. Limited-time Double...
2023 Bitfufu Mid-Year Festival: All in Bottom Mining! Up to 20% Off
27.6.2023
PRESS RELEASE. [Singapore], 27th June 2023 – Bitfufu, a leading crypto mining platform, announces the highly anticipated 2023 Bitfufu Mid-Year Festival. Enjoy incredible deals and promotions, maximizing your mining returns. With the theme “All IN BOTTOM MINING! UP TO 20% OFF,”...
Unite and Prosper: BitFuFu’s Collaborative Approach Empowers Miners Worldwide
14.6.2023
PRESS RELEASE. During the Blockchain Pizza Festival held from May 22nd to May 31st, BitFuFu organized an exciting “Team Up, Mine More” event that attracted the attention and participation of many miners. This special event showcased BitFuFu’s commitment to delivering exceptional...
World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function
20.2.2023
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...
Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons
20.2.2023
The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment
Cloud mining firm BitFuFu postpones merger with SPAC until May
8.2.2023
Bitfufu's plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain
Cloud Mining Firm BitFuFu to Delay SPAC IPO as Appetite for Crypto Stocks Languishes
7.2.2023
The company has now set a deadline of May to complete its listing
Bitcoin Miner Sphere3D Downsizes Deal for Machines With BitFuFu
20.10.2022
Sphere 3D is the latest bitcoin mining firm to try to cut capital expenditures amid the crypto bear market
Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite
22.3.2022
China's two biggest cloud mining platforms plan to go public on the Nasdaq via SPAC deals this year, at a time when cryptocurrency and broader markets have pulled back from their peaks
Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan
4.8.2021
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...