BitFuFu Inc. (NasdaqCM:FUFU) signed a letter of intent to acquire an unknown majority stake in 51-megawatt (MW) Bitcoin Mining facility in Oklahoma on January 16, 2025.

The transaction is expected to close in the first half of 2025 if consummated, is structured as a majority equity acquisition. The proposed transaction is subject to a definitive agreement to be negotiated between the parties, conditioned upon further financial and legal due diligence, as well as other customary closing conditions. There is no assurance that any transaction will be concluded.