BitFuFu unveils Bitcoin mining pool for institutional and retail miners
Leading cryptocurrency mining company BitFuFu announces the launch of its private-label Bitcoin mining pool, BitFuFu Pool. This offering targets institutional and retail miners looking for cost-effective solutions, with a commission rate starting at 0.4%.
🚀 BitFuFuPool goes live! Fees as low as 0.4%
— BitFuFu (@BitFuFuOfficial) December 6, 2024
Simplify your mining journey with competitive fees, transparent earnings, and a secure, stable network backed by top-tier infrastructure. Start maximizing your returns with ease!
Get ready for:
✅ Transparent Earnings: BitFuFu Pool… pic.twitter.com/BXHzTQj7kz
Introducing a new Bitcoin mining pool
BitFuFu Pool will be accessible to BitFuFu app users starting next week when they buy cloud mining products and miner services, where they can also take advantage of promotional offers. The mining pool is solely dedicated to mining Bitcoin (BTC), though it plans to eventually diversify out to other digital assets.
CEO of BitFuFu Leo Lu said, "Our mining pool will help independent miners and mining farms maximize their revenue by offering highly competitive commission rates as low as 0.4%.
Our one-stop mining services are accessible to both institutional and retail clients, and we have substantial R&D experience and partner support. These consist of mining pools, firmware solutions, maintenance services, real-time monitoring tools, and one-click-order solutions; they are designed to be easy to use, reasonably priced, and guaranteed to be of high quality. With the help of these integrated offerings, we can fully utilize our platform's synergies and create value for the mining community, explained Lu.
The company has partnered with strategic partners to co-invest in this new venture and will work together to run it. BitFuFu Pool has started to receive hashrate from the company's self-mining operation, and it plans to give it all of its rapidly increasing self-mining hashrate.
In addition to implementing its new Bitcoin mining pool, BitFuFu is growing by purchasing the majority of an 80-megawatt mining plant in Ethiopia. The purchase supports BitFuFu's attempts to counter the company's skyrocketing operating expenses, which have increased by 170% in the last 12 months.
BitFuFu produced 84 BTC from self-mining operations in november
BitFuFu is a world leader in Bitcoin mining and all-inclusive mining services, offering clients cloud mining and other one-stop solutions. According to a recent report, BitFuFu mined 84 BTC from self-mining operations in November 2024 with a total mining capacity of 2.4 EH/s. As part of its disciplined treasury management strategy, the company revealed that it currently owns 1,664 BTC. It combines earning funds from cloud mining services with accumulating Bitcoin through mining.
As of the time of writing, Bitcoin has surpassed the $100,000 mark and is currently trading at $101,640.98 and has increased by 0.36% in the past 24 hours, according to CoinMarketCap.
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