Lei Jianping on March 2
Bitfufu, a digital asset computing service provider and cloud computing power service provider, and Arisz Acquisition Corp., a special purpose acquisition company(Abbreviation.)"ariz") today completed its business combination and traded on the NASDAQ** market in the United States.
The publicly traded company after the business combination is Bitfufu Inc, * for"fufu"and "fufuw". As a result of the business combination, Bitfufu's existing shareholders and strategic partners, including Bitmain and AntPool, committed to lead a total of $74 million in PIPE financing.
After the transaction is completed, the BitFufu management team, led by founder Lu Liang, will continue to operate the company.
Very close relationship with Bitmain
According to reports, BitFufu was established in December 2020 and has a very close relationship with Bitmain;
Leo Lu, CEO of BitFufu, served as the business director of Bitmain and a member of the founding core team of Bitmain's original cloud computing platform. CTO Alex Fan was responsible for the infrastructure, stability and global link assurance of Bitmain's original cloud computing platform.
In February 2021, Bitmain's million-load mining farm provided Bitfufu with mining machine hosting services; In March 2021, Bitmain officially reached a strategic partnership with Bitfufu to jointly build computing power ecological services and carry out in-depth cooperation in mining machines, mining farms, and hosting. Bitmain's Antpool and Bitfufu jointly operate to provide more stable computing power services.
In April 2021, Bitmain's flagship model S19Pro was sold as computing power on BitFufu, and the new model of mining machines will be released in Fufu in the future.
In May 2021, Bitmain helped Bitfufu provide private customized services for B-end customers.
In July 2021, Bitmain made a strategic investment in the Bitfufu platform, and the two parties will further promote the sustainable development of the mining ecosystem.
As of June 30, 2023, Bitfufu manages approximately 1310,000 mining machines, with a computing power of 152EH S in 17 mines around the world.
Bitfufu optimizes business strategies and minimizes risks by providing a portfolio of cloud computing power and mining machine hosting services, while strategically utilizing owned and leased mining machines for cloud computing power and self-operated mining.
Half-year revenue of 1$34.2 billion The profit was only $7.82 million
According to the prospectus, Bitfufu's revenue in 2020, 2021, and 2022 will be 10$230,000, $100 million, $1$9.8 billion; Operating profit was -9US$30,000, US$5.84 million, US$3.91 million; Net profit was -9$20,000, $4.93 million, $2.44 million.
Bitfufu's revenue for the first half of 2023 was 1$3.4 billion, compared to $817.9 billion in the same period last year$80,000; Operating profit was $11.05 million, compared to $9.1 million in the year-ago quarter. Net income was $7.82 million, compared to $6.64 million in the same period last year.
Liang Lu, Founder and CEO of Bitfufu, said, "Bitfufu's listing on NASDAQ has opened a new chapter. The funds from this transaction will drive the expansion of our business, including cloud computing power, proprietary computing power, and mining machine hosting. ”
arisz acquisition corp.Echo Hindle-Yang, Chairman and Chief Executive Officer, said:"Bitfufu has been at the forefront of this fast-growing and evolving industry, and we are honored to bring the company to the public markets with this successful business combination." Over the past two years, we have worked closely with Liang Lu and the Bitfufu team and have full confidence in their ability to further enhance their value as a listed company. ”
Lei Di was founded by ** Lei Jianping, if ** please in**.