BitFuFu Boosts Mining Power with $2M Oklahoma Data Center Acquisition

BitFuFu, a leading Bitcoin mining and integrated mining service company, has announced the acquisition of a majority stake in a 51-megawatt (MW) operational Bitcoin mining data center located in Oklahoma. The transaction was priced at $400,000 per MW, funded by BitFuFu's cash reserves and common stock.

The data center, which has been operational since 2022, features air-cooled containerized infrastructure and boasts an uptime of over 95%. It operates at an electricity cost of around $0.03/kWh, making it highly competitive. This enables BitFuFu to mine one Bitcoin at a cash cost as low as $18,000 at the location, assuming the deployment of AntMiner S21 XP (excluding depreciation of mining machines and facilities).

In addition to its high-performance mining capabilities, the site is also equipped with a fully integrated operations center, laying a solid foundation for establishing a state-of-the-art maintenance center to enhance mining business and operational efficiency. The facility enjoys a cost-effective energy supply and is located within the Southwest Power Pool (SPP)—a highly stable and regulated energy market.