BITMAIN-Backed BitFuFu (Finfront Holding Company), a World-Leading Digital Assets Cloud Mining Service Provider, Entered into a Definitive Merger Agreement with Arisz Acquisition Corp.
Finfront Holding Company, a fast-growing digital asset mining service and world-leading cloud mining service provider ("BitFuFu" or the "Company"), and Arisz Acquisition Corp. (Nasdaq: ARIZ), a publicly-traded special purpose acquisition company("ARIZ"), today announced that they have entered into a definitive business combination agreement that will result in BitFuFu becoming a publicly listed company on NASDAQ under an anticipated ticker symbol "FUFU". The transaction values the Company at a pro forma enterprise value of approximately $1.5 billion. READ MORE
Introduction to BitFuFu
Company Profile
BitFuFu is a fast-growing digital asset mining service and world-leading cloud mining service provider. BitFuFu has been invested by, and is the only cloud mining strategic partner of BITMAIN to date, a world-leading cryptocurrency mining hardware manufacturer.
BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent hashrate service solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently. With a robust business model covering cloud mining, miner hosting, and self-mining, BitFuFu is well-positioned to weather market volatility and facilitate the vertical integration of global digital asset mining industry.
Business Profile
BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure by providing a variety of stable and intelligent hashrate service solutions. BitFuFu offers a one-stop mining solution for miners of all sizes from institutional customers to individual digital asset enthusiasts. It manages mining machines and mines on behalf of its users, allowing users the option of viewing and managing their rigs conveniently in real-time.
BitFuFu’s innovative technologies are one of the key drivers for ensuring its leadership position in the industry.Its proprietary Aladdin system handles ultra- large scale hashrate management and dispatching.The system has the maximum capacity to simultaneously connect millions of miners and provide services that resolve critical mining problems arising from scalability, efficiency, authenticity, and securing hash power.
The Company had a hosting capacity of 140 MW at the end of 2021 across its global mining facilities network and strategic partnership with BITMAIN.
BitFuFu received early investment from BITMAIN, a world- leading cryptocurrency mining hardware manufacturer.The Company has been the only cloud - mining strategic partner of BITMAIN to date and has executed a 10 - year mining hosting contract with BITMAIN, offering it competitive advantages such as preferential access to mining sites, miners, new markets, and improved operational efficiencies.
Investment Highlights
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A Global Leader in Cloud Mining with Fast-growing Digital Asset Services
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The Only Strategic Partner of BITMAIN in cloud mining to date
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$70 million PIPE Investment Led by BITMAIN and ANTPOOL
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Industry-Leading Technology Platform with cutting-edge Mining Machines
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Proven Track Record of Financial Performance
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Experienced Management Team with Excellent Execution
