Cryptomining firm BitFuFu this week announced it has signed a definitive agreement and acquired a majority ownership in a 51MW operational Bitcoin mining data center in Oklahoma. The transaction was funded with cash from BitFuFu’s balance sheet and common stock.
“We have made significant progress toward our 1GW global capacity expansion plan,” said Leo Lu, chairman and CEO of BitFuFu. “This acquired data center in Oklahoma has built a highly efficient mining operation, and we are excited to welcome them into the BitFuFu family. It allows us to expand our self-mining operations, enhance hosting services, and strengthen our cloud mining platform.”
On its website, BitFuFu claims to offer 556MW of Bitcoin mining hosting capacity across 17 locations – nine in the US, one in Ethiopa, and one in Paraguay. Cryptomining hardware manufacturer Bitmain has previously invested in the company. Founded around 2020, the crypto firm went public in February 2024 via a SPAC merger with Arisz Acquisition Corp.
