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Chinese lender Cango bought 50 EH/s worth of mining power at the tail end of 2024, making it one of the biggest Bitcoin miners in the world. - Coindesk
EXCLUSIVE: Chinese lender Cango bought 50 EH/s worth of mining power at the tail end of 2024, making it one of the biggest bitcoin miners in the world. @tom_carreras reports on the rise of a previously little known player in bitcoin mining. https://t.co/Np7v1Y009w
โ Cloud mining service provider BitFuFu has signed a contract with @BITMAINtech to purchase up to 80,000 S-series #Bitcoin miners. The two-year contract includes flexible payment terms. According to the firm, the deal will allow it to acquire the latest devices, including theโฆ https://t.co/c9apJPHCwn
BitFuFu, a Singapore-based cloud Bitcoin mining service, has signed a two-year framework agreement with Bitmain to purchase up to 80,000 S-series bitcoin mining machines, including models such as S21 XP and S21 Pro. The agreement allows BitFuFu to make part of the payment in shares and defer some cash payments interest-free after delivery. Following the announcement, BitFuFu's shares surged by 13%. Additionally, Cango, a Chinese lender, has acquired 50 EH/s of mining power, positioning itself as one of the largest bitcoin miners globally.