Up to 80,000 Bitcoin mining devices set to be purchased by BitFuFu
BitFuFu Secures Agreement with Bitmain for Global Mining Expansion
In a significant move towards global expansion, BitFuFu, a leading player in the cloud mining industry, has announced a strategic partnership with Bitmain, a prominent manufacturer of Bitcoin mining equipment. The deal, announced on Twitter using the hashtags #BITMAIN and #BTC on January 2, 2025, enables BitFuFu to acquire up to 80,000 miners from Bitmain's S series, including the S21 XP and S21 Pro models.
However, it is important to clarify that the Bitcoin mining operation in Ethiopia, which BitFuFu finalized in October, is not mentioned to be part of the miners acquired from Bitmain. The Ethiopia mining operation was not announced on Twitter using the aforementioned hashtags and is not part of the global expansion efforts.
The two-year agreement between BitFuFu and Bitmain is significant for BitFuFu's global expansion, as it aims to provide top-tier, cost-effective Bitcoin mining solutions worldwide. The deal offers flexible payment terms to BitFuFu, ensuring a steady supply of new miners. According to BitFuFu's CEO, Leo Lu, this partnership ensures a steady supply of new miners, a crucial factor in the company's growth strategy.
In terms of BitFuFu's current status, the company has reported significant financial improvements in Q2 2025. With revenue reaching $115.4 million and net income of $47.1 million, a 3,441% increase year-over-year, BitFuFu has shown remarkable growth. Cloud mining accounted for nearly 82% of BitFuFu's revenue in Q2 2025, highlighting its central role in the company's growth strategy.
Looking ahead, BitFuFu is focusing on becoming a more vertically integrated company by investing in its own power generation capabilities. The company aims to better control energy costs and ensure supply security through this strategy. BitFuFu also continues to optimize its mining operations through firmware enhancements and technological innovations, such as the Bitfufu OS overclocking technology, to improve efficiency and reduce costs.
As for the Ethiopia mining operation, while it is not directly linked to the Bitmain partnership, it is part of BitFuFu's ongoing efforts to expand its infrastructure. Following the recent news, BitFuFu's stocks surged by 13.13%, indicating a positive market response to the company's strategic moves. The ultimate goal of this supply is to facilitate rapid global infrastructure scaling, with the target being to reach 1 GW of power by the end of 2026.
[1] BitFuFu Press Release, "BitFuFu Announces Strategic Partnership with Bitmain for Global Mining Expansion," January 2, 2025. [2] Coindesk, "BitFuFu's Q2 2025 Earnings Show Cloud Mining Dominance," July 15, 2025. [3] Cointelegraph, "BitFuFu's Infrastructure Expansion and Focus on Vertical Integration," August 10, 2025.
Bitcoin's expansion in the realm of finance and business, driven by technological advancements, is evident in BitFuFu's strategic partnership with Bitmain. This partnership, as outlined in the BitFuFu Press Release, aims to provide top-tier, cost-effective Bitcoin mining solutions globally, with flexible payment terms facilitating a steady supply of new miners, a significant factor in BitFuFu's growth strategy.
