The cloud mining firm will be buying the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models.
Singapore-based cloud Bitcoin miner BitFuFu has signed a two-year agreement with mining hardware giant Bitmain to purchase as many as 80,000 Bitcoin miners.
On Jan. 2, BitFuFu announced that the deal would enable it to buy the latest Bitmain S-series miners, including the higher hashrate S21 XP and S21 Pro models, in batches with flexible payment terms, including partial payment in BitFuFu shares.
“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,” said Leo Lu, chairman and CEO of BitFuFu.
