Bitfufu Secures Major $100 Million Credit Facility with Antpool
Bitfufu, a cryptocurrency mining company, secured a two-year Master Loan Agreement with Antpool Technologies, granting access to a $100 million credit line.
The funds will support corporate activities, including potential acquisitions and the maintenance of bitcoin reserves. With an annual interest rate of 6.5%, the loan is backed by a portion of Bitfufu’s bitcoin holdings. The company, which went public under the ticker “FUFU” in March 2024. Operates over 17 mining farms globally and has a hosting capacity of 370 MW, supporting 130,000 ASIC miners. The loan remains inactive, with funds yet to be drawn.
Clever Robot News Desk 14th November 2024
