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press release PRESS RELEASE. On 21st February, BitFuFu will announce the launch of the ANTMINER coupons trading function at the WDMS conference. ANTMINER coupons are issued by the world’s leading miner manufacturer BITMAIN, which can be used to offset the purchase order amount of ANTMINER produced which was sold
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The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment. Original Source
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Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7. The company announced its plans to go public in January 2022 through a merger with the SPAC company
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The firm, part of Bitmain's family of companies, announced it would go public in January 2022 by merging with Arisz Acquisition Corp. (ARIZ). But it has now twice exercised its right to push the merger back by three months, with May 22, 2023, being the new deadline for the completion
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"The contract with BitFuFu was signed in late 2021 at the height of the Bitcoin market as a fixed price contract with no allowances for market price adjustments," and it was "critical" that the firm was extricated from the contract, said Patricia Trompeter, Sphere 3D's CEO, in the press release. Source
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Both Bitdeer and BitFuFu could be seen as “fully valued” compared to current publicly listed miners because of their “incredible” growth rate, superior profit margins and tight relationships with mining rig suppliers, Peter Stoneberg, managing director of crypto mergers and acquisitions firm Architect Partners, told CryptoX in an interview. It’s
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The merged firm will have pro forma value of $1.5 billion, 4.6 times the projected 2022 revenue, according to the release. Assuming that bitcoin prices go over $45,000, BitFuFu expects 2022 revenue to hit $330 million, up from $100 million in 2021, and its net income before deductions to be
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One user told CoinDesk that their machines have been completely offline for a little over one month, adding that he’d leave the platform if they gave him his money back. Another said disruptions started in mid-October, and that they are worried, but not angry at the service. Users who spoke
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