BitFuFu Launches Private-Label Mining Pool Offering Competitive Commission Rates as Low as 0.4%

Rhea-AI Summary

BitFuFu (NASDAQ: FUFU) has announced the launch of BitFuFu Pool, a private-label mining pool offering competitive commission rates starting at 0.4%. The pool will be accessible to BitFuFu app users purchasing cloud-mining products and miner services, with promotional benefits included.

Initially focused on Bitcoin mining, BitFuFu Pool plans to expand to other digital assets in the future. The company has co-invested in this venture with strategic partners and will collaborate on operations. BitFuFu's self-mining operation has begun directing hashrate to the pool, with plans to allocate 100% of its growing self-mining hashrate to it.

The platform offers comprehensive services including real-time monitoring tools, firmware solutions, maintenance services, and one-click-order solutions for both institutional and retail customers.

Positive

• Launch of new mining pool with competitive 0.4% commission rate
• Expansion of service offerings to include comprehensive mining solutions
• Strategic partnership and co-investment structure for pool operations
• Integration of company's self-mining hashrate into the new pool

Negative

• None.

SINGAPORE, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the launch of BitFuFu Pool, its private-label mining pool offering industry-leading commission rates starting as low as 0.4%. Beginning next week, BitFuFu Pool will be available to BitFuFu app users when purchasing cloud-mining products and miner services where they can also receive promotional benefits. BitFuFu Pool is exclusively focused on Bitcoin mining, with plans to expand to other digital assets in the future.

The Company co-invested in this new business with strategic partners and will collaborate with them to operate it. Institutional customers should consult with their BitFuFu sales representative for customized pooling services.

The Company’s self-mining operation has begun directing hashrate to BitFuFu Pool with plans to allocate 100% of its rapidly growing self-mining hashrate to it.

Advantages of BitFuFu Pool

A tutorial for BitFuFu Pool can be found here with additional information available at: https://www.bitfufu.com/sg/pool

Leo Lu, BitFuFu’s CEO stated, “By offering highly competitive commission rates as low as 0.4%, our mining pool will help independent miners and mining farms maximize their revenue. We are committed to strengthening our mining ecosystem by building comprehensive service capabilities. With extensive R&D expertise and support from our partners, our one-stop mining services are available to both institutional and retail customers. These include mining pools, real-time monitoring tools, firmware solutions, maintenance services, and one-click-order solutions—crafted to be user-friendly, competitively priced, and quality-assured. These integrated offerings enable us to harness the full synergies of our platform and drive value across the mining community.”

About BitFuFu Inc.

BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including Cloud mining. BitFuFu received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN’s strategic partner in Bitcoin mining and mining service space.

BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.

For more information, please visit https://ir.bitfufu.com/.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact: 

BitFuFu Investor Relations 

Charley Brady
Vice President, Investor Relations
ir@bitfufu.com

BitFuFu Media Relations

pr@bitfufu.com

FAQ

What is BitFuFu's (FUFU) new mining pool commission rate?

BitFuFu Pool offers commission rates starting as low as 0.4%.

When will BitFuFu Pool (FUFU) be available to users?

BitFuFu Pool will be available beginning next week to BitFuFu app users when purchasing cloud-mining products and miner services.

What cryptocurrencies does BitFuFu Pool (FUFU) support?

BitFuFu Pool is currently exclusively focused on Bitcoin mining, with plans to expand to other digital assets in the future.

What services does BitFuFu's (FUFU) mining platform offer?

BitFuFu offers comprehensive services including mining pools, real-time monitoring tools, firmware solutions, maintenance services, and one-click-order solutions for both institutional and retail customers.