BitFuFu: Completed the acquisition of a majority stake in a bitcoin mine in Oklahoma
2025-02-21 11:25:03
Nasdaq-listed bitcoin miner BitFuFu announced that it has signed a definitive agreement to acquire the Oklahoma bitcoin mine, which operates 51MW and trades at $400,000/MW, funded by cash and common stock on BitFuFu's balance sheet. It is reported that with the deployment of the AntMiner S21 series of mining machines, the average cash cost of mining one bitcoin at the site will be as low as $18,000 (excluding depreciation).
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