Mining giant Bitmain invests in crypto standardization platform BitFuFu

HONG KONG, April 7, 2021 — BitFuFu, the world’s first crypto mining standardization platform, has made an official announcement that Bitmain, the largest mining company in the world, has invested in the former’s platform. The funding will be used to further support the efforts of both companies toward reaching a mutually beneficial collaboration and facilitating [...]

HONG KONG, April 7, 2021 — BitFuFu, the world’s first crypto mining standardization platform, has made an official announcement that Bitmain, the largest mining company in the world, has invested in the former’s platform. The funding will be used to further support the efforts of both companies toward reaching a mutually beneficial collaboration and facilitating the ongoing development of the mining industry.

Following announcements of the strategic partnership, BitFuFu’s officially received investment funding from the world-renowned mining company, Bitmain. Bitmain and BitFuFu’s joining hands to expand to future markets in mining, as well as the full integration of tools from both sides, such as mining equipment, mining facilities and industry expertise.

The mining giant has been a strategic partner of BitFuFu, and according to company representatives, Bitmain intends to continue to support the BitFuFu platform through its valuable mining resources and connections, including mining machines, pools, etc. BitFuFu and Bitmain aim to openly collaborate with each other to achieve mutual benefits in the long run and to further bolster the development of the crypto mining ecosystem.

A company representative at Bitmain said that the future goals of Bitmain entail a heavy emphasis on the enrichment of cloud computing tech and the integration of its resources. BitFuFu has currently introduced a joint login function with Antpool. Users now only need one platform account to access both services, eliminating the need to build, login and maintain multiple accounts. This improves the user experience and adds flexibility for clients to easily switch between cloud computing services and mining through the BitFuFu platform, which allows customers to adjust according to market conditions and sentiments.

BitFuFu was formally launched on Dec. 15, 2020, as the industry’s first computing power standardization portal. BitFuFu adheres to the ideals of transparency and computing power standardization, and in February this year, the platform reached a strategic agreement with Bitmain and has since established a reliable supply of mining resources and connections to the partner institutions of Bitmain.

For further information about BitFuFu and its collaboration with Bitmain, please refer to the official website.

About BitFuFu

BitFuFu is the world’s first platform to offer crypto mining services to users with standardized mining hash rates. The aim of BitFuFu’s to provide users access to Bitcoin at a lower cost. By collaborating with Bitmain, its hash rate products have achieved first-class service through one-click transactions, eliminating complicated steps, such as selecting proper mining and mining machines, maintenance of machines, and connection of mining pools. The BitFuFu platform allows customers to access the world’s top miners, such as Bitmain, Whatsminer, Innosilicon and international mining farms in Russia, the United States and China.

Official website: https://www.bitfufu.com/

Media Contact

contact@bitfufu.com

Content retrieved from: https://cointelegraph.com/press-releases/mining-giant-bitmain-invests-in-crypto-standardization-platform-bi tfufu.

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