This newly acquired site is expected to bolster BitFuFu's mining capacity by an additional 4.6 EH/s with the deployment of advanced Bitmain S21-series miners. Leo Lu, CEO and Chairman of BitFuFu, expressed that the acquisition is a critical milestone for the company's growth strategy. In light of this development, BitFuFu has appointed Mr. Huaiyu Liu and Mr. Joshua Kewei Cui as independent directors. InvestingPro InsightsBitFuFu's recent acquisition of the Ethiopian mining facility aligns with its robust growth trajectory, as evidenced by the company's impressive revenue growth. According to InvestingPro data, BitFuFu's revenue grew by 69.05% over the last twelve months as of Q2 2024, with quarterly revenue growth reaching 69.69% in Q2 2024.

Source: Ethiopian News October 22, 2024 11:14 UTC