BitFuFu acquires an 80-MW Bitcoin mining facility in Ethiopia, aiming to reduce operational costs and increase capacity.
The Ethiopian facility will boost BitFuFu’s hosting capacity beyond 600 MW, enhancing its global mining infrastructure.
Supported by Bitmain, BitFu Fu is a well-known Bitcoin cloud mining company that has made a big impact in the crypto mining sector by acquiring a majority share in an 80-megawatt (MW) Bitcoin mining facility situated in Ethiopia.
With this acquisition, BitFu moves strategically from an asset-light approach—where it relied on outside hosting—to directly owning and running its mining equipment. One major benefit of the Ethiopian facility is that its energy prices—which are less than $0.04 per kilowatt-hour—are expected to significantly lower BitFuFu’s Bitcoin output costs.
Wall Street Bitcoin miner BitFuFu acquires facility in #Ethiopia, eyes cheaper energy
BitFuFu, a Wall Street-listed #Bitcoin mining company, has acquired an 80-megawatt

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