Bitmain and BitFuFu forge agreement for delivery of up to 80,000 Bitcoin mining rigs.
BitFuFu Signs Two-Year Deal with Bitmain for Global Bitcoin Mining Expansion
In a significant move towards global expansion, BitFuFu has signed a two-year contract with Bitmain, securing the purchase of up to 80,000 S-series miners, including the latest generation S21 XP and S21 Pro models. This deal, announced on January 2, 2025, is expected to help BitFuFu deliver top-notch, cost-effective Bitcoin mining solutions worldwide.
The deal with Bitmain forms a crucial part of BitFuFu's ambitious expansion plan. The company aims to reach 1 GW of mining power by the end of 2026, a goal it plans to achieve through acquisitions and greenfield developments of renewable-powered mining facilities.
One such facility is a 80-megawatt hydroelectric mining operation in Ethiopia, which is not part of the purchase of up to 80,000 S-series miners. This operation, the latest addition to BitFuFu's global expansion, does not have flexible payment terms as part of the agreement. The specific terms of the agreement for this operation were not disclosed.
The acquisition and development of renewable-powered mining facilities are key elements of BitFuFu's expansion strategy. By leveraging green energy for mining, the company is not only scaling its mining capacity but also focusing on sustainable practices.
In addition to the renewable-powered facilities, BitFuFu will integrate advanced hardware from Bitmain, including the new S21 XP and S21 Pro miners, to accelerate mining capacity expansion with more energy-efficient and high-performance equipment. This will facilitate increased Bitcoin production and improved operational efficiency.
BitFuFu's expansion also includes the expansion of its vertically integrated ecosystem. The company operates one of the largest Bitcoin mining pools (BitFuFuPool) with hashrates exceeding 20 EH/s. It also offers cloud mining, miner hosting, hardware sales, and proprietary software (BitFuFuOS) that enables remote power optimizations.
The company continues to focus on innovative energy solutions such as flared gas mining, capturing previously wasted energy from oil sites to power miners sustainably, thus diversifying energy sources and reducing environmental impact.
The dual business model combining self-mining and mining services for global clients has driven record mining output for BitFuFu. In July 2025, the company mined 467 BTC, and its total holdings now stand at 1,784 BTC. This financial strength underpins the company’s expansion efforts.
Following the announcement, BitFuFu's shares rose by 13.13%. The close strategic partnership with Bitmain ensures a steady supply of new miners, positioning BitFuFu well for its global expansion in the Bitcoin mining industry.
[1] BitFuFu Press Release, January 2, 2025. [2] BitFuFu Annual Report 2024. [3] BitFuFu Quarterly Report Q3 2025. [4] BitFuFu Investor Presentation, October 2024. [5] BitFuFu Financial Results, July 2025.
In the pursuit of its ambitious expansion plan, BitFuFu is integrating advanced technology, such as Bitmain's latest S21 XP and S21 Pro miners, to boost Bitcoin production and operative efficiency, thereby leveraging technology for finance and business growth in the Bitcoin mining industry. By focusing on sustainable practices like renewable energy solutions, BitFuFu's expansion strategy also aims to minimize environmental impact, demonstrating a commitment to combining finance, business, and technology with responsibility.
