BitFuFu plans to acquire majority stake in a 51MW Bitcoin mine in the United States

According to the official announcement, BitFuFu Inc. (NASDAQ code: FUFU) has signed a letter of intent to acquire a majority stake in a 51MW Bitcoin mine located in Oklahoma, USA. The mine is located in an uninhabited area and has completed the construction of power and mining infrastructure. The cost of electricity is about 3 cents per kilowatt-hour, equipped with efficient air-cooled Bitcoin miners, demonstrating excellent computing efficiency.

The transaction is expected to be completed in the first half of 2025, subject to due diligence and other customary closing conditions. It is reported that BitFuFu is a global leader in the field of Bitcoin mining and integrated services, as well as a strategic partner of BITMAIN.