ChainCatcher news, Bitcoin mining company Bitfufu (NASDAQ: FUFU) has officially been included in the FTSE Global Micro Cap Index. The FTSE Global Micro Cap Index is managed by FTSE Russell and tracks smaller, high-growth companies globally, serving as an important resource for institutional investors. This inclusion is expected to enhance the company's liquidity and visibility in the market.

ChainCatcher news, according to Bitcoin.com, Singapore-based cloud mining service Bitfufu has secured a credit line of $100 million from Antpool Technologies to enhance its Bitcoin holdings. The two companies have signed a two-year Master Loan Agreement (MLA).Under this arrangement, Bitfufu stated that it will have the opportunity to access $100 million in funding, which the company indicated will support general corporate purposes, such as potential acquisitions and the maintenance of Bitcoin reserves.

ChainCatcher news, Bitcoin mining company BitFuFu reported that total revenue for the third quarter of 2024 increased by 47.5% compared to last year, reaching $90.3 million. Among this, revenue from cloud mining solutions was $68.9 million, accounting for 76.3% of total revenue, a 51.4% increase from $45.5 million in the same period of 2023; revenue from Bitcoin self-mining operations was $20.5 million, accounting for 22.7% of total revenue, a 40.4% increase from $14.6 million in the same period of 2023. As of September 30, 2024, the total balance of cash, cash equivalents, and digital assets was $142.7 million.

ChainCatcher news, Bitcoin mining company BitFuFu announced plans to acquire a majority stake in an 80 megawatt (MW) cryptocurrency mining facility in Ethiopia. This acquisition marks a shift for the Wall Street-based mining company as they seek cheaper energy in East Africa to cope with rising operational costs and shrinking profit margins.Over the past year, BitFuFu's operating costs have surged by 170%, leading to a 75% decline in net profit. The company's entry into Ethiopia is expected to alleviate these challenges by reducing energy costs (averaging below $0.04 per kilowatt-hour).

ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue reached $129.4 million, a year-on-year increase of 69.7%.Among them, revenue from cloud mining solutions was $77 million, a year-on-year increase of 66.8%; revenue from Bitcoin self-mining business was $51.1 million, a year-on-year increase of 81%. Net income was $1.3 million, compared to $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.

ChainCatcher news, the Web3 sports gaming project Bitball announced that it has completed a $2 million strategic financing round, with participation from Bitfun Capital. Bitball will further engage in market development and technological advancement, and will receive a series of resource support from Bitfun Capital.It is reported that Bitball is an innovative sports metaverse platform that integrates GameFi and SocialFi elements, leveraging Web3 technology to closely connect sports stars, clubs, organizations, and fans, providing a new digital experience and virtual space.

ChainCatcher news, Bitcoin mining company BitFuFu announced its unaudited first quarter financial report for the period ending March 31, 2024, with total revenue of $144.4 million, an increase of 149% compared to $58 million in the same period of 2023; revenue from cloud mining solutions was $81.5 million, up 181% from $29 million in the same period of 2023.As of March 31, 2024, its consolidated cash, cash equivalents, and digital assets balance was $163.7 million.Due to the increased difficulty in BTC mining, BitFuFu's self-mined BTC output in the first quarter decreased by 11% from 1,239 BTC in the same period of 2023 to 1,103 BTC. Revenue from Bitcoin self-mining operations was $60.1 million, an increase of 117% compared to $27.7 million in the same period of 2023. (Globenewswire)

ChainCatcher news, according to Business Insider, the special purpose acquisition company Arisz Acquisition Corp. (NASDAQ: ARIZ) announced the completion of its business combination with cryptocurrency mining service company BitFuFu. The publicly listed company after the merger will be BitFuFu Inc., and its Class A common stock and warrants are expected to begin trading on the NASDAQ stock market on March 1, 2024, under the ticker symbols "FUFU" and "FUFUW".

ChainCatcher news, BitFuFu, a Bitcoin mining company affiliated with Bitmain, has made progress in its process of going public through a merger with a special purpose acquisition company (SPAC). It is reported that the company submitted Form F-4 to the U.S. Securities and Exchange Commission (SEC) on December 31, 2023, registering its SPAC merger transaction securities as a foreign private entity.This Wednesday, the U.S. Securities and Exchange Commission announced the document's effectiveness. According to the document, BitFuFu plans to list on the Nasdaq under the ticker symbol "FUFU" after completing its business combination with Arisz Acquisition Corp.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Bitfury plans to allocate shares of Cipher Mining Inc. to unlock potential value for Bitfury's base shareholders and other shareholders of Cipher. The share allocation plan for Cipher Mining has been approved by Bitfury shareholders, and the company will distribute approximately 16.127 million shares of Cipher stock to Series C shareholders within seven business days, with plans to explore the distribution of approximately 126 million shares of Cipher stock to remaining shareholders (subject to further shareholder approval). If the relevant allocation plan is completed, Bitfury will retain only about 50 million shares of Cipher stock, reducing its ownership stake from approximately 75% to less than 20%.It is reported that Cipher is a Bitcoin mining company headquartered in the United States, operating as a subsidiary of Bitfury until August 27, 2021.

ChainCatcher news, the encrypted mining company Bitfury Group announced the sale of 10 million shares of Cipher Mining common stock at a price of $2.95 per share in a privately negotiated transaction. Upon completion of the transaction, Bitfury will hold 191,931,387 shares of Cipher, accounting for approximately 75.37% of Cipher's common stock.It is reported that Bitfury has signed a 60-day lock-up agreement for its remaining holdings of Cipher common stock, under which the company is prohibited from selling or transferring any common stock before January 15, 2024. Cipher is a Bitcoin mining company based in the United States, operating as a subsidiary of Bitfury until August 27, 2021.

ChainCatcher news, according to Forbes, Bitfufu, a Singaporean crypto mining company supported by Bitmain, has filed a claim of $11.7 million with the cryptocurrency exchange platform FTX through its subsidiary Ethereal Tech. The company is one of 13 unsecured creditors making claims against FTX.ChainCatcher previously reported that FTX has opened a creditor information registration page on the platform of Kroll, a U.S. corporate investigation and risk consulting firm. The current largest single claim amount is from Ethereal Tech, with a registered amount of approximately $11.7 million. (Forbes)