BitFuFu Inc. (NASDAQ: FUFU), a Bitcoin miner based on Wall Street, announced the launch of BitFuFu Pool, its private-label mining pool.
The company also disclosed that it holds 1,664 BTC as of today (Thursday), reflecting its approach to treasury management. Bitcoin reached a notable milestone today, surpassing the $100,000 mark, with its market capitalization exceeding $2 trillion.
BitFuFu Pool Launches, Offers 0.4% Commission
The pool will offer commission rates as low as 0.4%. Starting next week, BitFuFu Pool will be available to users purchasing cloud-mining products and miner services through the BitFuFu app, with promotional benefits included.
“With extensive R&D expertise and support from our partners, our one-stop mining services are available to both institutional and retail customers,” Leo Lu, BitFuFu’s CEO stated.
“These include mining pools, real-time monitoring tools, firmware solutions, maintenance services, and one-click-order solutions—crafted to be user-friendly, competitively priced, and quality-assured. These integrated offerings enable us to harness the full synergies of our platform and drive value across the mining community."
Institutional Clients Offered Customized Services
Currently, BitFuFu Pool is focused solely on Bitcoin mining, although there are plans to expand into other digital assets in the future. The company co-invested in the pool with strategic partners and will collaborate with them to operate it.
BitFuFu’s self-mining operation has started directinghashrate to the new pool, with intentions to allocate 100% of its growing self-mining hashrate to BitFuFu Pool. Institutional clients are advised to consult with BitFuFu sales representatives for customized pooling services.
Securing Loan for Expansion
Meanwhile, BitFuFu plans to expand operations and explore acquisitions while maintaining its Bitcoin holdings. The company sees this as an ideal time for infrastructure investment, as BTC has recently gained significant value and is approaching new all-time highs, as reported by Finance Magnates earlier.
BitFuFu has secured a two-year Master Loan Agreement, offering access to capital at a 6.5% interest rate, collateralized by its Bitcoin holdings. The funds will be used for general purposes, including hosting fees and potential mergers. FUFU shares have surged 18%, aligning with gains seen among other Wall Street Bitcoin miners.
This article was written by Tareq Sikder at www.financemagnates.com.
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