{"id":797424,"date":"2025-01-02T08:04:10","date_gmt":"2025-01-02T13:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/"},"modified":"2025-01-02T08:04:10","modified_gmt":"2025-01-02T13:04:10","slug":"bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/","title":{"rendered":"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SINGAPORE, Jan.  02, 2025  (GLOBE NEWSWIRE) &#8212; BitFuFu Inc., (\u201cBitFuFu\u201d or \u201cthe Company\u201d) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has recently signed a two-year framework agreement with BITMAIN, a world-leading digital asset mining hardware manufacturer, to purchase from BITMAIN up to 80,000 S-series miners (including but not limited to the S21 XP and S21 Pro).<\/p>\n<p>Under the terms of the framework agreement, BitFuFu has the flexibility to place orders in batches over a two-year period. The machines will be available for BitFuFu\u2019s self-mining operations as well as to provide mining services to customers including, miner resales, cloud mining, and miner hosting services depending on market conditions and BitFuFu\u2019s evolving miner capacity requirements.<\/p>\n<p>This agreement includes payment terms, enabling BitFuFu to pay, at its option, part of the purchase price in shares of BitFuFu as well as the ability to defer part of cash payments interest-free after delivery of the miners. This financial flexibility ensures efficient management of cash flows and capital while supporting the company\u2019s growth strategy.<\/p>\n<p>\u201cOur deep strategic partnership with BITMAIN ensures a steady supply of the latest miners to rapidly expand our mining infrastructure globally with a target of adding 1 GW in capacity by the end of 2026,\u201d said Leo Lu, Chairman and CEO of BitFuFu. \u201cThe new miners will be utilized to bolster both our self-mining operations and cloud-mining services, delivering highly cost-effective and energy-efficient solutions. With the flexibility to procure equipment in batches over the next two years based on operational demands, this agreement further reinforces our position as a leader in the industry.\u201d<\/p>\n<p>\n        <strong>About BitFuFu Inc.<\/strong>\n      <\/p>\n<p>BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including Cloud mining. BitFuFu received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN\u2019s strategic partner in the Bitcoin mining and mining services space.<\/p>\n<p>BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SgHf8ElIeZDw1wnC2q7nMWSdaq-ltynpaM_nN-LVZ9EP_wIfEkGjoieeMFCbx1pdh4zPs0Q2nPRtjRqKJK2DCsQdTMaIik_WDIsM6g-a73U=\" rel=\"nofollow\" target=\"_blank\">https:\/\/ir.bitfufu.com\/<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget\u201d or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company\u2019s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu&#8217;s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu&#8217;s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.<\/p>\n<p>\n        <strong>For investor and media inquiries, please contact: <\/strong>\n      <\/p>\n<p>BitFuFu Investor Relations<\/p>\n<p>Charley Brady<\/p>\n<p>Vice President, Investor Relations<\/p>\n<p>ir@bitfufu.com<\/p>\n<p>BitFuFu Media Relations<\/p>\n<p>pr@bitfufu.com<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTcxNSM2Njc2MTE0IzIyODkyMzM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDYxOTRkNTgtYmUxNS00OTZiLTkwYmUtYjIyYmQwNDVhYzI1LTEzMDA3ODM=\/tiny\/BitFuFu-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; BitFuFu Inc., (\u201cBitFuFu\u201d or \u201cthe Company\u201d) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has recently signed a two-year framework agreement with BITMAIN, a world-leading digital asset mining hardware manufacturer, to purchase from BITMAIN up to 80,000 S-series miners (including but not limited to the S21 XP and S21 Pro). Under the terms of the framework agreement, BitFuFu has the flexibility to place orders in batches over a two-year period. The machines will be available for BitFuFu\u2019s self-mining operations as well as to provide mining services to customers including, miner resales, cloud mining, and miner hosting services depending on market conditions and BitFuFu\u2019s evolving miner capacity &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797424","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; BitFuFu Inc., (\u201cBitFuFu\u201d or \u201cthe Company\u201d) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has recently signed a two-year framework agreement with BITMAIN, a world-leading digital asset mining hardware manufacturer, to purchase from BITMAIN up to 80,000 S-series miners (including but not limited to the S21 XP and S21 Pro). Under the terms of the framework agreement, BitFuFu has the flexibility to place orders in batches over a two-year period. The machines will be available for BitFuFu\u2019s self-mining operations as well as to provide mining services to customers including, miner resales, cloud mining, and miner hosting services depending on market conditions and BitFuFu\u2019s evolving miner capacity &hellip; Continue reading &quot;BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-02T13:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTcxNSM2Njc2MTE0IzIyODkyMzM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners\",\"datePublished\":\"2025-01-02T13:04:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/\"},\"wordCount\":636,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyNTcxNSM2Njc2MTE0IzIyODkyMzM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\\\/\",\"name\":\"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners - 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The machines will be available for BitFuFu\u2019s self-mining operations as well as to provide mining services to customers including, miner resales, cloud mining, and miner hosting services depending on market conditions and BitFuFu\u2019s evolving miner capacity &hellip; Continue reading \"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-02T13:04:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTcxNSM2Njc2MTE0IzIyODkyMzM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners","datePublished":"2025-01-02T13:04:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/"},"wordCount":636,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTcxNSM2Njc2MTE0IzIyODkyMzM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bitfufu-signs-two-year-framework-agreement-with-bitmain-for-80000-miners\/","name":"BitFuFu Signs Two-Year Framework Agreement with BITMAIN for 80,000 Miners - 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