Bitmain, a significant player in the cryptocurrency mining industry, has sealed a deal with BitFuFu that allows for the delivery of up to 80,000 Bitcoin mining machines.

BitFuFu, a cloud mining service provider, has secured a deal with Bitmain for the acquisition of up to 80,000 S-series mining devices.

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2025 August 26 . 7:47 PM

2 min read

Bitmain and BitFuFu agree to provide up to 80,000 cryptocurrency miners to each other.

Bitmain, a significant player in the cryptocurrency mining industry, has sealed a deal with BitFuFu that allows for the delivery of up to 80,000 Bitcoin mining machines.

BitFuFu, a leading player in the cloud mining sector, and Bitmain, a renowned manufacturer of cryptocurrency mining hardware, have announced a strategic two-year agreement to purchase up to 80,000 mining machines. This partnership signifies a significant global expansion in cryptocurrency mining infrastructure.

The agreement, which was recently announced, involves the acquisition of a controlling stake in an 80 MW Bitcoin mining operation in Ethiopia. The Ethiopian operation, which was not previously announced to be expected to help BitFuFu expand its capacity, is not part of the aim to reach 1 GW of mining power by the end of 2026.

The miners to be acquired include the S21 XP and S21 Pro models, but it's important to note that the Ethiopian operation does not involve these models, as they are part of the S-series miners mentioned earlier. The contract also includes flexible payment terms, but the Ethiopian operation is not included in these terms.

This strategic partnership between BitFuFu and Bitmain is designed to deliver top-notch, cost-effective Bitcoin mining solutions worldwide. BitFuFu's CEO, Leo Lu, has expressed his excitement about the partnership, stating that it aligns with their growth strategy of scaling mining operations worldwide.

The deal is expected to help BitFuFu expand its capacity significantly. As part of their expansion strategy, BitFuFu has already increased its managed hash rate to a record 36.2 EH/s, with a hosting power capacity of 728 MW as of mid-2025, covering operations across five continents. The company aims to further increase this capacity, reaching 1 GW of power capacity by 2026.

The expansion also emphasizes cost control and efficiency gains, utilizing renewable energy sources such as hydropower and flared gas mining. BitFuFu’s proprietary BitFuFuOS software enhances mining fleet performance through remote under- and overclocking, boosting operational efficiency essential for scaling.

Despite sector challenges like the 2024 Bitcoin halving, BitFuFu increased its Bitcoin holdings and expanded cloud-mining revenue by over 22%, demonstrating financial strength that supports aggressive scaling in hardware procurement via Bitmain.

In summary, the two-year agreement to acquire up to 80,000 mining units from Bitmain reflects BitFuFu’s strategy to massively expand their mining footprint and cloud mining services worldwide, backed by enhanced operational tech and scalable infrastructure to maintain market leadership and capitalize on anticipated Bitcoin price growth throughout 2025 and beyond. The Ethiopian operation, while not part of the initial expansion plan, is a significant addition to this global expansion strategy.