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.
The merger between BitFuFu and Arisz Acquisition represents a pro forma enterprise value of approximately $1.5 billion, or 4.6x 2022 projected revenue and 3.3x projected December 2022 annualized recurring revenue. The combined company is expected to be renamed BitFuFu Inc. and become publicly listed in 3Q 2022 on Nasdaq under the ticker FUFU.
BitFuFu offers a colossal 400,000 USD prize, debuts at World Digital Mining Summit 2021
On November 9, 2021, Bitmain hosted the 2021 iteration of its World Digital Mining Summit (WDMS 2021) in Dubai.
Bitmain Held Digital Mining Conference in Miami
Miami, Sep.9th,2021. The Digital Mining Energy Conference was hosted by Bitmain – the world’s foremost producer of ASIC bitcoin mining hardware, to further the development of the mining industry through the adoption of renewable energy. To support the transformation into the future, the adoption of green energy into operations is a factor for expanding global operations.