BitFuFu Inks 80,000-Miner Deal With Bitmain in Global Hashrate Push

BitFuFu, a Singapore-based cloud Bitcoin mining operation, has secured a major equipment deal with Bitmain, agreeing to purchase up to 80,000 Bitcoin mining units over two years, positioning itself for significant hashrate expansion.

Strategic Equipment Acquisition

The agreement, announced on January 2, encompasses Bitmain’s latest S-series mining hardware, including the S21 XP and S21 Pro models. These advanced systems offer enhanced hashrate capabilities, representing the newest generation of Bitcoin mining technology from the industry’s leading manufacturer.

The deal structure incorporates flexible payment options, allowing BitFuFu to partially compensate Bitmain with company shares, optimizing capital efficiency while securing essential equipment.

Infrastructure Expansion Plans

BitFuFu CEO Leo Lu stated: _”Our 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 gigawatt in capacity by the end of 2026.”_

The mining operation’s expansion strategy aligns with the broader industry trend toward increased institutional-scale Bitcoin mining operations. A gigawatt of power capacity represents sufficient energy to operate approximately 300,000 latest-generation mining units simultaneously.

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