Cloud mining remains a top choice for passive crypto income in 2025, with BsvCloud leading the charge among competitors.
BitFuFu acquires a 51MW Bitcoin mining facility in Oklahoma, enhancing its mining infrastructure with advanced technology.
Bitfufu plans to acquire a controlling interest in a 51 MW bitcoin mining facility in Oklahoma, taking advantage of low-cost energy.
BitFuFu's stock jumps 13% after sealing a two-year deal with Bitmain to acquire 80,000 high-performance miners, aiming to boost global operations and efficiency. Exciting times for Bitcoin cloud mining as they focus on energy and cost benefits.
BitFuFu's stock jumps 13% after agreeing to purchase 80,000 miners from Bitmain, including top models like S21 XP and S21 Pro. They're expanding their cloud mining capabilities big time!
Bitfufu steps up its game by partnering with Bitmain to buy 80,000 bitcoin mining machines, boosting its mining power. The Nasdaq-listed company aims to strengthen its market position with this massive acquisition.
BitFuFu inks a deal with BITMAIN to snag 80,000 miners, offering flexible payments to boost global mining. They’re also expanding their mining pool and treasury management.
BitFuFu launches a new Bitcoin mining pool with a 0.4% commission, leveraging self-mining hashrate to target institutional clients.
BitFuFu has launched a private-label Bitcoin mining pool, BitFuFu Pool, aimed at institutional and retail miners with competitive rates starting at 0.4%.
Bitfufu launches a private-label Bitcoin mining pool with low commission rates starting at 0.4%. The service will be available via the Bitfufu app next week.
Bitfufu, a Singapore-based cloud mining service, is now part of the FTSE Global Micro Cap Index, marking its growth and highlighting the increasing visibility of bitcoin miners in global markets.
BitFuFu secures a $100 million Bitcoin-backed loan from Antpool Technologies for corporate purposes.
Bitfufu, a Singapore-based cloud mining service, secured a $100 million credit line from Antpool Technologies to bolster its bitcoin holdings.
BitFuFu's self-mining bitcoin output decreased by 34% to 340 BTC in Q3 2024 due to operational costs and increased mining difficulty. Income, however, rose due to higher bitcoin prices. The company plans to optimize operations and invest in efficient equipment.
Bitfufu, a Nasdaq-listed cloud mining company, reported a 47.5% increase in Q3 2024 revenue, reaching $90.3 million. Cloud mining revenue rose 51.4%, totaling $68.9 million.
BitFuFu released its unaudited financial and operational reports for Q3 2024. The cost of mining increased from the previous year, with Bitcoin production dropping by 34%.
BitFuFu plans to acquire an 80 MW mining facility in Ethiopia to expand operations and cut energy costs. This acquisition will increase their total capacity to over 600 MW, deploying Bitmain S21 ASIC miners to boost mining capabilities by 4.6 EH/s, with energy costs below $0.04 per kWh.
BitFuFu's mining expenses increased by 168% year-on-year, reducing net profit. The company aims to cut costs by investing in energy-efficient equipment and expanding to regions with cheaper electricity.
BitFuFu's Ethiopian facility offers electricity at $0.04/kWh, reducing Bitcoin production costs and increasing profitability. This allows the company to expand capacity significantly.
Bitfufu acquires an 80MW Bitcoin mining facility in Ethiopia, marking its strategic expansion into Africa and a shift from an asset-light strategy to a broader infrastructure portfolio.
BitFuFu plans to acquire a majority stake in an 80MW mining facility in Ethiopia to cut costs and improve profits.
BitFuFu, partnered with Bitmain, acquires an 80 MW Bitcoin mining facility in Ethiopia, marking a strategic shift towards global presence and asset ownership. This move boosts BitFuFu's capacity and leverages Ethiopia's hydroelectric potential for Bitcoin mining, enhancing profitability. The exact facility location remains undisclosed.
BitFuFu expands its operations with the launch of its first physical Bitcoin mining facility in Ethiopia, moving beyond its cloud mining origins.
BitFuFu has acquired an 80MW Bitcoin mining facility in Ethiopia, reducing electricity costs to $0.04/kWh. This is a significant expansion for their operations.
BitFuFu reports a 168% surge in Bitcoin mining costs due to expansion and increased operational expenses, despite a 70% revenue boost.
BitFuFu Inc., achieved 70% revenue growth in Q2 2024 but faced a decline in net income due to rising mining costs and unrealized fair value losses on Bitcoin holdings.
Core Scientific repays $267 million debt and strengthens financial position to expand HPC hosting and Bitcoin mining operations.
Bitfufu Inc., a Nasdaq-listed cloud mining company, reported a 69.7% revenue increase in Q2 2024, reaching $129.4 million. Cloud mining clients contributed $77 million to this growth.
BitFuFu's Q2 2024 report shows a rise in Bitcoin mining costs and revenue.
BitFuFu, a cloud mining enterprise linked to Bitmain, has released its unaudited financial and operational report for Q2 2024, highlighting advancements in Bitcoin mining efforts.
BitFuFu has increased its Bitcoin mining capacity by over 60% to 24.7 EH/s, despite facing rising mining costs.
BitFuFu Inc. has seen a 149% revenue growth in the Q1 of 2024, driven by their cloud mining solutions and self-mining operations, positioning them as a dominant player in the cloud mining sector.
