Bitmain acquires mining company BitFuFu through two-year agreement for 80,000 miners

Bitmain, the popular Chinese mining hardware company, has acquired BitFuFu with a two-year agreement in which it commits to providing a maximum of 80,000 miners. BitFuFu aims to have the best Bitcoin mining solutions.

Bitmain to supply mining company BitFuFu with up to 80,000 miners within two years

BitFuFua Nasdaq-listed mining company with the ticker FUFU, entered into a transaction Two-year agreement with Chinese giant Bitmain to supply miners.

“We have signed a two-year agreement with BITMAIN to acquire up to 80,000 advanced miners. Flexible orders and payment terms help us expand our capabilities and provide world-class, cost-effective Bitcoin mining solutions worldwide.”

In practice, The biennial agreement includes Bitmain’s commitment to supply a maximum of 80,000 mining hardware units. From digital assets to BitFuFu. Among others, Series S miners were identified, e.g S21 XP and S21 Pro models.

Singapore-based mining company BitFuFu will have the opportunity to place orders in batches, in order to provide mining services to its customers, such as reselling miners or cloud mining and hosting services for miners.

Not only that, At the payment level, the agreement stipulates the possibility of choosing BitFuFu Whether to be partly paid in FUFU shares, or partly deferred in cash payments without interest after delivery of the devices.

Bitmain and BitFuFu: agreement to mine 80 thousand miners in two years

BitFuFu remains happy with Financial flexibility offered by Bitmain To pay for their mining hardware.

On the contrary, the company claims that this ensures effective management of cash and capital flows, while at the same time supporting the company’s growth strategy. In fact, BitFuFu appears to have set a goal of adding 1 gigawatt of capacity by the end of 2026.

in this regard, Liu LuBitFuFu President and CEO commented:

“Our deep strategic partnership with BITMAIN ensures a steady supply of next-generation miners to rapidly expand our mining infrastructure globally, with the goal of adding 1 GW of capacity by the end of 2026. The new miners will be used to enhance our own capabilities – mining operations and cloud mining services.” , which offers highly energy and cost efficient solutions and with the flexibility to purchase equipment in batches over the next two years based on operational requirements, this agreement will strengthen our position as an industry leader.

Expansion towards the United States of America

Bitmain continues to attract new customers globally. As well as BitFuFu from Singapore last month Bitmain has announced Its intention to target the United States.

In fact, the famous Chinese Bitcoin company ASIC promised this The first batch of ANTMINER S21 Pro will be delivered by the end of the same month.

In this case, Bitmain’s decision to expand into the USA was not random, however strategic, It aims to provide faster response times and more efficient mining services to North American customers.

Not only that, with Trump as the leader of the country, then Bitmain It chose the USA for its regulatory change in favor of Bitcoin and cryptocurrencies.