BitFuFu to Acquire Majority Stake in Ethiopian Crypto Mining Facility Amid Rising Production Costs
Singpore-based Bitcoin miner BitFuFu has announced plans to acquire a majority stake in an 80-megawatt (MW) crypto-mining facility in Ethiopia. According to the firm, this move is expected to help offset the 170% surge in production costs the company faced over the past year, which led to a 75% drop ...