PANews reported on January 17 that according to an official announcement, BitFuFu Inc. (NASDAQ: FUFU) has signed a letter of intent to acquire a majority stake in a 51MW Bitcoin mine in Oklahoma, U.S. The mine is located in an uninhabited area and has completed the construction of power and mining infrastructure. The electricity cost is about 3 cents per kilowatt-hour and is equipped with efficient air-cooled Bitcoin mining machines with excellent computing efficiency.

The transaction is expected to be completed in the first half of 2025, subject to due diligence and other conventional closing conditions. It is reported that BitFuFu is a global leader in Bitcoin mining and comprehensive services, and a strategic partner of BITMAIN.