Catenaa, Wednesday, January 08, 2025 – Nasdaq-listed Bitcoin mining company BitFuFu has inked a two-year agreement with BITMAIN, a leading manufacturer of cryptocurrency mining hardware, to acquire up to 80,000 S-series miners, including flagship models S21 XP and S21 Pro.
The deal allows BitFuFu to order the miners in batches over the contract term, offering flexibility in payment, including a mix of shares and deferred cash options without interest post-delivery.
BitFuFu CEO Leo Lu highlighted the partnership’s significance, noting it ensures a steady supply of advanced mining hardware to support the company’s global expansion, targeting a 1 GW capacity by 2026.
In December 2024, BitFuFu launched its private-label mining pool, BitFuFu Pool, with competitive commission rates starting at 0.4%, catering to institutional and retail miners.
The firm’s mining capacity reached 2.4 EH/s in November 2024, generating 84 BTC. BitFuFu currently holds 1,664 BTC as part of its treasury strategy.
BITMAIN, headquartered in China, also announced plans to expand production operations to the United States, aiming to enhance supply chain resilience amid ongoing trade tensions between the two nations.
This strategic collaboration underscores the growing emphasis on innovation and global expansion in the Bitcoin mining sector, as firms navigate regulatory and geopolitical challenges while scaling operations.
