SINGAPORE, January 2, 2025 — BitFuFu Inc. (NASDAQ: FUFU), a leading global provider of Bitcoin mining and comprehensive mining services, announced a two-year agreement with BITMAIN, a top digital asset mining hardware manufacturer, to acquire up to 80,000 S-series miners (including the S21 XP and S21 Pro).

This framework agreement allows BitFuFu to order miners in batches over two years. These miners will support BitFuFu’s self-mining operations and its services to clients, encompassing miner resales, cloud mining, and hosting, adapting to market conditions and BitFuFu’s needs.

Flexible payment terms are included, offering BitFuFu the option to partially pay with company shares and defer some cash payments interest-free post-delivery. This financial flexibility optimizes cash flow and capital allocation, aiding the company’s growth strategy.

“Our strong partnership with BITMAIN secures a consistent supply of cutting-edge miners, accelerating our global infrastructure expansion, aiming for a 1 GW capacity increase by the end of 2026,” stated Leo Lu, BitFuFu’s Chairman and CEO. “These miners will enhance both our self-mining and cloud-mining services, delivering highly efficient and cost-effective solutions. The ability to procure equipment in phases over two years based on operational needs solidifies our industry leadership.”

About BitFuFu Inc.

BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, offering clients one-stop solutions, including cloud mining. An early BITMAIN investment established a strategic partnership that continues in Bitcoin mining and related services.

BitFuFu is committed to a secure, compliant, and transparent blockchain infrastructure, providing stable and intelligent digital asset mining solutions globally. Leveraging its expanding global mining facilities and strategic BITMAIN partnership, BitFuFu empowers institutional clients and digital asset enthusiasts to efficiently mine digital assets.

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Forward-Looking Statements

This press release contains forward-looking statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements, often including words like “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” or similar terms, describe future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on assumptions, whether or not explicitly stated, and on BitFuFu’s management’s current expectations. They are not guarantees of future performance and involve risks and uncertainties that could significantly affect BitFuFu’s actual results. While the Company believes its forward-looking statements are reasonable, they are based on a mix of current facts and future projections, which are inherently uncertain. All information is current as of the date of this release, and the Company is not obligated to update it, except as legally required.

For investor and media inquiries, please contact:

BitFuFu Investor Relations

Charley Brady

Vice President, Investor Relations

ir@bitfufu.com

BitFuFu Media Relations

pr@bitfufu.com