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BitFuFu has signed a two-year agreement with Bitmain to purchase 80 thousand S-series mining machines.

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420Words
Jan 2, 2025

According to Globenewswire, BitFuFu announced a two-year framework agreement with Bitmain (BITMAIN) to procure up to 80 thousand S-series mining machines (including models such as the S21 XP and S21 Pro). The mining machines will be used for self-operated mining activities and will provide sales of mining machines, cloud mining, and hosting services based on market demand. According to the agreement, BitFuFu can place orders in batches and has the option to pay part of the payment with company stock, while also deferring part of the cash payment interest-free after the delivery of the mining machines to optimize capital management and operational flexibility. This agreement will support the company's plans to expand its mining infrastructure, aiming to add 1 GW of computing power capacity by the end of 2026.

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