BitFuFu Inc. is a technology company that specializes in providing cloud computing and services for cryptocurrency mining
The company offers a range of solutions to enhance the efficiency and profitability of mining operations, catering to both individual miners and larger enterprises. With a focus on innovation, BitFuFu aims to streamline the mining process through advanced technology, including hardware optimization and software tools, while also promoting sustainable practices within the cryptocurrency ecosystem.
BitFuFu stock surged 26% after reporting +63.1% revenue growth, driven by cloud mining. Net income soared 414.3% to $54M. Its ambitious 1GW Global Capacity Expansion Plan is one to watch.
Crypto asset manager Bitwise Asset Management, overseeing $12 billion in client assets, has announced the launched the Bitwise Bitcoin Standard Corporations ETF (NYSE:OWNB) on NYSE Arca, targeting companies holding at least 1,000 Bitcoin (CRYPTO:
