- BitFuFu Pool offers 0.4% commission, targeting retail and institutional miners with efficient solutions.
- The new pool boosts capacity with BitFuFu’s entire self-mining hashrate, enhancing mining efficiency.
- BitFuFu plans to support more digital assets and expand through strategic partnerships for market growth.
BitFuFu, a leading Bitcoin and cloud-mining service provider, has unveiled its private-label mining pool, BitFuFu Pool. The pool offers commission rates starting at 0.4%.
This launch targets retail and institutional miners seeking efficient and cost-effective solutions. The pool is accessible through the BitFuFu application for users purchasing cloud-mining products and hardware.
Boosting Mining Efficiency
BitFuFu has committed its entire self-mining hashrate to the new pool. This allocation will enhance the pool’s mining capacity and operational efficiency. The company aims to position itself as a competitive player in the Bitcoin mining industry.
BitFuFu currently holds 1,664 Bitcoin in its treasury. This reflects its strategy of accumulating assets while maintaining consistent cash flow through cloud-mining services.
Expanding Services for Clients
The new pool offers more than just mining capabilities. BitFuFu now provides real-time monitoring tools, firmware solutions, and maintenance services. These features help users track performance and improve mining efficiency.
The platform’s user-friendly design caters to both beginner and professional miners. Institutional clients can also access consulting services tailored to large-scale mining operations.
Future Expansion Plans
BitFuFu plans to add support for more digital assets in the future. This diversification will expand its product portfolio and attract a wider audience. The company also aims to form strategic partnerships to strengthen its market position.
The launch comes amid significant Bitcoin market activity. Bitcoin recently crossed $100,000 before dropping in a sudden flash crash. This price swing caused millions in liquidations across the market.
At the same time, competitors like Hut 8 are also making their moves. This year, Hut 8 intends to acquire more Bitcoin for which it aims to conduct $500 million capital fundraising. It has also declared a $250 million stock repurchase plan that entails the purchasing of five percent of its stocks.
The establishment of BitFuFu new mining pool shows its determination in responding to the development and increasing demand needs in the cryptocurrency mining business.
