11:16 AM EST, 01/16/2025 (MT Newswires) -- BitFuFu ( FUFU ) said Thursday it has signed a letter of intent to buy a majority stake in a 51-megawatt bitcoin mining facility in Oklahoma.

"This acquisition would represent a pivotal step in advancing our North American expansion strategy and 1GW global power capacity build-up plan," said Chief Executive Officer Leo Lu.

The transaction, expected to close in H1 if consummated, is structured as a majority equity acquisition, the company said, adding that there is no assurance that any transaction will be concluded.

Price: 5.32, Change: +0.05, Percent Change: +0.95