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22 October, 2024

BitFuFu Expands Beyond Cloud Mining with First Physical Facility in Ethiopia

22 October, 2024

BitFuFu, a leading provider of Bitcoin mining solutions, is taking a significant step towards diversification by establishing its first physical mining facility in Ethiopia. This move marks a departure from the company’s previous focus on cloud mining, signifying a commitment to building a more robust and resilient portfolio. The new facility, strategically located in Ethiopia, will leverage the country’s abundant renewable energy resources, ensuring sustainable and cost-effective Bitcoin mining operations. This expansion demonstrates BitFuFu’s dedication to enhancing its infrastructure and solidifying its position as a prominent force in the Bitcoin mining landscape. The company is actively exploring opportunities to establish additional physical facilities in other regions with favorable energy conditions, further diversifying its operations and maximizing efficiency.