- The Transaction includes a$70 million fully committed PIPE financingat $10.00/share,led byBitmain Technologies Holding Company ("Bitmain"), a world-leading cryptocurrency mining hardware manufacturer, andAntpool Technologies Holding Company ("Antpool"), a world-leading Bitcoin mining pool.
- BitFuFu was founded in 2020 withearly investment from Bitmain and core founding team members from Bitmain.
- BitFuFu forecasts FY 2022 revenue of approximately$330 million1, representing a230%YoY growth over its anticipated FY 2021 revenue of approximately$100 million2. The Company forecasts its non-GAAP adjusted FY 2022 EBITDA to be approximately$100 million1.
- BitFuFu expects to increase its cloud platform's managed hashrate to a total of10.0 EH/s by the...