BitFuFu Signs Long-Term Lease for Two Mining Facilities with 33 MW Capacity in the U.S.

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GlobeNewswire 2w ago

BitFuFu Signs Long-Term Lease for Two Mining Facilities with 33 MW Capacity in the U.S. - GlobeNewswire

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Looking ahead, we will continue to enhance our cost structure and long-term operational stability by acquiring established mining facilities or developing our own.” About BitFuFu Inc.BitFuFu Inc.is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining.

SINGAPORE, Dec.11, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu” or "the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities with a combined capacity of 33 megawatts (MW) in the U.S.

Acquiring and vertically integrating mining facilities globally is key to securing cost efficient and stable power sources for our operations.” "After carefully assessing and running small-scale operations at both sites over the past year, we are pleased to sign these long-term lease agreements and begin building a long-term partnership.