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An announcement from BitFuFu ( (FUFU) ) is now available.
On January 16, 2025, BitFuFu Inc. announced its entry into a letter of intent to acquire a majority stake in a 51-megawatt Bitcoin mining facility in Oklahoma, United States. This acquisition is a strategic move to expand BitFuFu’s North American presence and enhance its global power capacity plan, aiming to secure low-cost and reliable power, thus reinforcing its leadership in the Bitcoin mining industry.
More about BitFuFu
BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining. It has received early investment from BITMAIN and remains its strategic partner, enabling efficient digital asset mining for a global customer base.
YTD Price Performance: -5.89%
Average Trading Volume: 155,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $850.3M
See more insights into FUFU stock on TipRanks’ Stock Analysis page.