Bitmain agrees to provide up to 80,000 bitcoin mining devices to BitFuFu in a recent deal.
BitFuFu Expands Bitcoin Mining Operations with New Purchases and Acquisitions
In a series of significant moves, BitFuFu, a leading player in the Bitcoin mining industry, has announced plans to expand its operations on a global scale. The company's ambitious goal is to reach 1 GW of mining power by the end of 2026.
On January 2, 2025, BitFuFu announced a deal with Bitmain, the world's largest manufacturer of Bitcoin mining equipment, to purchase up to 80,000 S-series miners. This purchase is a strategic move aimed at bolstering BitFuFu's mining capacity and delivering Bitcoin mining solutions worldwide.
Following this announcement, BitFuFu's shares rose by 13.13%. The deal also allows for flexible payment terms, providing BitFuFu with the financial flexibility needed to scale its operations.
In a separate development, BitFuFu announced the acquisition of a Bitcoin mining operation in Ethiopia in October. The operation, with a capacity of 80 MW, will contribute significantly to BitFuFu's global expansion plans. The new operations in Ethiopia will use the latest generation of miners, specifically the S21 XP and S21 Pro models.
This acquisition comes after Bitmain introduced two new models of its Antminer S21 series for Bitcoin mining in October. The new mining operations in Ethiopia are expected to support BitFuFu's aim of reaching 1 GW of mining power by the end of 2026.
Leo Lu, CEO of BitFuFu, stated that the close strategic partnership with Bitmain ensures a steady supply of new miners. He also expressed optimism about regulatory clarity enhancing the mining industry’s resilience, supporting their confidence in continued operational growth.
As of August 2025, BitFuFu is operating at record levels with a hashrate of 38.6 EH/s and significant BTC production. The company continues to grow both its hashrate and power capacity, driven by a dual-engine model of self-mining and cloud mining that has proven successful in recent months.
The announcement was made on Twitter with the hashtags #BITMAIN, #GlobalExpansion, and #BTC. BitFuFu's financial reports highlight strategic expansion of mining capacity to meet increasing cloud-mining demand and operational efficiency. While the exact deployment status of the 80,000 Bitmain S-series miners is not directly stated, the expanding hashrate and operational scale strongly imply ongoing integration and future capacity increases aligned with such large-scale equipment purchases.
In summary, BitFuFu's strategic partnership with Bitmain, the acquisition of a Bitcoin mining operation in Ethiopia, and the company's ongoing expansion efforts are positioning BitFuFu for long-term growth in the Bitcoin mining industry.
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