Bitfufu plans to take control of a 51 MW Bitcoin mining site in Oklahoma, with energy costs approximating 0.03 USD per kWh, which is essential for efficient operations. The anticipated completion of the deal is in the first half of 2025, subject to due diligence.
CEO Leo Lu underscores the acquisition as a key move for expanding North American operations. The investment aligns with Bitfufu’s goal to reach a global power capacity of 1 GW and represents a proactive strategy amidst rising competition in the Bitcoin mining landscape.