BitFuFu (FUFU) has released an update.
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BitFuFu Inc. is set to acquire an 80-megawatt Bitcoin mining facility in Ethiopia, marking its transition from an asset-light strategy to managing its own mining infrastructure. This acquisition will boost BitFuFu’s hosting capacity to over 600 MW and reduce production costs by leveraging Ethiopia’s low power costs. The move enhances BitFuFu’s global presence and aims to capitalize on lower energy expenses to improve profitability.
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