BitFuFu (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has recently signed a two-year framework agreement with BITMAIN, a world-leading digital asset mining hardware manufacturer, to purchase from BITMAIN up to 80,000 S-series miners (including but not limited to the S21 XP and S21 Pro).
Under the terms of the framework agreement, BitFuFu has the flexibility to place orders in batches over a two-year period. The machines will be available for BitFuFu’s self-mining operations as well as to provide mining services to customers including, miner resales, cloud mining, and miner hosting services depending on market conditions and BitFuFu’s evolving miner capacity requirements.
This agreement includes payment terms, enabling BitFuFu to pay, at its option, part of the purchase price in shares of BitFuFu as well as the ability to defer part of cash payments interest-free after delivery of the miners. This financial flexibility ensures efficient management of cash flows and capital while supporting the company’s growth strategy.
“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 GW in capacity by the end of 2026,” said Leo Lu, Chairman and CEO of BitFuFu. “The new miners will be utilized to bolster both our self-mining operations and cloud-mining services, delivering highly cost-effective and energy-efficient solutions. With the flexibility to procure equipment in batches over the next two years based on operational demands, this agreement further reinforces our position as a leader in the industry.”
