FinanceMagnates
The publicly-listed
Bitcoin (BTC) miner from Wall Street, BitFuFu (NASDAQ: FUFU), announced today (Tuesday)
its plans to acquire a majority stake in an 80-megawatt (MW) crypto mining
facility in Ethiopia. The US company is seeking access to cheaper energy in
East Africa due to increasingly lower margins in the BTC mining industry.The problem
lies in the rising costs…
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Wall Street Bitcoin Miner Expands to Ethiopia to Combat 170% Surge in Production Costs
Damian Chmiel
19:24
The publicly-listed Bitcoin (BTC) miner from Wall Street, BitFuFu (NASDAQ: FUFU), announced today (Tuesday) its plans to acquire a majority stake in an 80-megawatt (MW) crypto mining facility in Ethiopia. The US company is seeking access to cheaper energy in East Africa due to increasingly lower margins in the BTC mining industry.The problem lies in