CandleFocus This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit
2024-11-12
Author: Content Editor
Nasdaq-listed digital asset mining company BitFuFu has secured a $100 million credit line from AntPool Technologies. The company plans to use the funds to expand operations and potentially pursue acquisitions while maintaining its Bitcoin holdings. The two-year Master Loan Agreement will provide BitFuFu with access to capital at a 6.5% annual interest rate and will be collateralized by the company's Bitcoin holdings. The announcement led to an 18% surge in BitFuFu shares. BitFuFu has also recently revealed plans to acquire a majority stake in an 80 MW crypto mining facility in Ethiopia to access cheaper energy resources. The company's revenue in Q2 2024 rose 70% year-over-year to $129 million, but net profits dropped significantly due to soaring costs.
Related News
How Close Are The Bitcoin ETFs To Surpassing Satoshi Nakamoto? What's the Potential for Shiba Inu Price Growth This November? Tron Leads in Revenue, Ethereum Dominates Market Cap Ethereum Price Insight From Last Cycle Hints Timeline for New ATH Trader who lost $26M to copy-paste error says it’s been ‘max pain’ MARA misses Q3 revenue expectations, increases reserves to 26,747 BTC The Daily: Justin Drake proposes Ethereum consensus layer redesign, German government misses out on $1.6B by selling bitcoin early and more Two Reasons Why Bitcoin’s Path to $90,000 Faces Roadblocks Fed Governor Waller questions CBDC utility for payments Dogecoin Price On The Move With $0.4484 Breakout in Bulls’ Crosshairs Here's why Bitcoin traders really want to punch through $90K Bitcoin mining stocks attract Wall Street as BTC continues breaking all-time highs Why Did Ripple’s (XRP) Price Explode to 8-Month Peak Above $0.7? Robinhood CEO touts crypto's cost advantage over TradFi operations Italy lowers proposed crypto tax hike to 28% When Will Bitcoin Price Surpass $100,000? 6 Experts Give Their Opinions Bitso rolls out Lightning Network support for 8m users Ethereum (ETH) Funding Rate Flashes Red Flag After Price Retraces From $3,400 Giant Cryptocurrency Whale Who Bought Bitcoin at $13 Woke Up – Here is Its First Transaction A post-election check-in on a crypto firm still trying to go public Dogecoin Golden Cross Signals Potential Parabolic Rally, DOGE Up 150% Solana beats Ethereum’s economy for the first time in October Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs XRP price rare pattern points to Ripple hitting $1 Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% Hollywood is planning a Sam Bankman-Fried movie based on Going Infinite Dogecoin ETFs Aren’t as Crazy as They Sound, Analysts Say Bitcoin pushes past $90K amid meteoric 24-hour rally Parabolic Spike in the Cards for Bitcoin (BTC), Says Top Analyst – Here’s His Timeline Solana-based answer to Ethena wins ‘Radar’ hackathon $BB’s Rise Amid Crypto Resurgence: Binance Listing and CeDeFi V2 Drive Market Momentum Toncoin Price’s 20% Rally May Be Short-Lived, Reversal Likely Will XRP Price Rally To $1.2 As XRP Market Cap Reaches $40B SEC Crypto Litigation Releases - October 2024 DeFi Technologies launches SolFi as "Microstrategy for Solana" Cronos (CRO) Hits Two-Year High, Aims To Rally Past $0.20 Future Outlook For HBAR: Insights From Hedera Q3 Surge And Price Projections Farcana CEO Highlights $500M Surge in Blockchain Gaming Investment and Long-Term Growth The Sandbox: Large transactions jump 250% – 30% rally for SAND? 3 reasons why Ethereum price is headed toward $4K XRP Price Is Going Nuts, According to This Top Trader Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto Founder of Security Firm SlowMist Warns Against Copy-and-Pasting Sensitive Crypto Information Raydium Surpasses Uniswap in DEX Volumes, Dominating Market Amid BTC Surge BTC Hits Fresh Highs: Analysts Eye $200K Mark on Updated Rainbow Chart Yei Finance integrates OEV Network to recapture oracle extractable value Bitcoin Reaches New $89,500 High as Bullish Momentum Strengthens The Digit Addiction Pandemic 2 cryptocurrencies to reach $10 billion market cap by the year-end Key Metrics Suggest Bitcoin's Rally to $90K and Beyond is Sustainable Coin Metrics’ Analysis: Options Market Reflects Strong Bullish Sentiment in Post-Election Bitcoin Rally Toncoin Price Stalls But Analysts See a 55% Surge to ATH Soon Cardano Unlikely To Outperform Other Major Coins, Ben Armstrong Explains Why Trump hints at pushing through SEC chair with recess appointment How much Fairshake and its affiliates spent in your state COO Dominic Schwenter on Lisk’s Layer-2 Journey and Emerging Markets Focus North Korean malware evades Apple notarization, targets macOS users BREAKING: Canary Files Spot ETF Application for a New Altcoin When will bitcoin's price hit $100,000? Here's what crypto experts have to say Ethereum funding rate hits 8-month high — Is an ETH price correction coming? Trump-aligned investor John Paulson declines US Treasury job ‘Super Doginals’: Drop Everything and Play This Goofy Brawler on Dogecoin Ripple Lawsuit Over? SEC's Gary Gensler May Resign This Week! Copper.co analysts estimate Bitcoin could peak in 200 days, aligning with US recession projections Bonk Up 14%, Emerges As Sole Solana Meme Coin in Top 100 Cryptos To Rise Today OKX Ventures Powers Up DeFi with Investment in Corn’s BTC-Driven Ethereum Layer 2 Bitcoin ETFs Surpass $90 Billion in Total Assets Fed's Waller: Stablecoins could bring benefits to financial system Ethereum Layer-2 Project Starknet to Roll Out Staking Feature Later This Month Massive $500M Crypto Scam Exposed, Waves and Vires Finance Ripped Off Users Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF Cryptocurrency exchange Bit2Me launches operations in Argentina Bitcoin Drops to $86,000 as Expert Warns of 10% Dip Ahead of CPI Data AI predicts MSTR stock price for year-end Critical Statements from FED Senior Officials – They Also Talked About Cryptocurrencies Smart trader buys $34M in ETH as Ethereum Foundation sells $340k Libeara, FundBridge launch US treasury fund on Avalanche Solana Nears $260 All-Time High as TPS Upgrade Promises 1,000x Boost Robinhood CEO Vlad Tenev Gives Take on Bitcoin Rally and Donald Trump's Impact io.net Partners With NovaNet to Bring ZK Proofs to GPU Identification Google Cloud to invest $10m in BNB Chain accelerator program DeFi Llama warns against malicious link spoofing its service Planning on shorting Bitcoin? Here’s the latest BTC short ratio Cardano (ADA) Skyrocketing 393% in Netflows as Whales Commit to Fresh Move Shiba Inu (SHIB) Joins Crypto Elite With 81% Gain, But Epic Twist Happens This is the event that will force MicroStrategy to sell Bitcoin, warns expert How Soon Will The Bitcoin Price Hit $90k? Sam Altman's World project launches in Brazil Is It Possible to Turn $100 Into $1M by the End of November? Binance Research: Key Trends in Crypto – November 2024 Litecoin Price Could Jump To $100 If This Happens XRP Skyrockets 109% in Volume as Price Hits $0.7: Details SHIB’s 40% Rally Hits a Wall, Yet Holders Remain Unfazed AI Firm Genius Group Adopts Bitcoin as Primary Treasury Asset; Shares Spike 50% Why These Altcoins Are Trending Today — November 12 Bitcoin and Ethereum ETFs Records Strong Inflows and Trading Activity Amid Market GainsBitcoin and Ethereum ETFs Records Strong Inflows and Trading Activity Amid Market Gains Ex-Binance CZ Breaks Silence on New Bitcoin ATH: "Blame Yourself" Central Bank Group BIS Names Hernández de Cos as Next General Manager Solana-based startup uses new interest-bearing mechanism to launch the 'OpenDelta Perpetual Bond' Zerion's 'fee-free' Ethereum Layer 2 ZERO Network goes live South Korea’s Opposition Party Rejects Proposal to Delay Crypto Taxes Until 2027 HOT Labs: HERE Wallet and HAPI’s 30M+ User Venture to Transform Crypto Wallets Ripple CTO Speaks out on His XRP Holdings' Recent Value Change DOGE Alternatives SHIB, MEW, and BOME Spark Strong Investor Interest: Breakout Ahead? Popcat price forms a risky pattern, pointing to a 25% dive Analyst Forecasts Potential +140% Gain to $15.75, is RUNE Ready for a Breakout? Has Solana (SOL) Hit Cycle Top? Sudden Reversal Spotted Huma Finance Expands PayFi to Solana, Empowering Global Businesses with On-Chain Liquidity Bitcoin May Reach $667,000: Satoshi Nakamoto's Allies Explain Why ZK Token positioned for Breakout as Key Resistance Test Drives Momentum What needs to happen before bitcoin enters price discovery mode COTI Brings Privacy-on-Demand Across Major Blockchain Networks Forget Bitcoin: The O.G. meme stock GameStop is rallying Brazilian Hedge Fund Verde Asset Management Buys Bitcoin Ahead of U.S. Election Ethereum Price Analysis: ETH Correction to $3K Incoming After Peaking at $3.4K? Chart of the day: Dogecoin traders await 10% rally, with bullish signs on daily and weekly chart IOTA Powers Realize’s Tokenization Push in Abu Dhabi Global Markets Over 107 Whales Push Dogecoin Price to 3-Year High: Will More Whales Join the Rally? Cardano price suffers a harsh reversal: is the rally over? Solana price suddenly plunges after hitting yearly high: here’s why Bybit Sees 61% Surge in Monthly Futures Trading Volume, Reaches $639B XRP Ledger Unveils New Identity Tools with DIDs and Proposed XLS Specs Ethereum Foundation offloads 100 ETH for 334k DAI in latest purchase Taiko Launches SP1: Fastest zkVM for Ethereum Scaling Giant Whale Started Selling Profit After the Rises in This Altcoin: Turned His $1 Million Into $9 Million! Analysts Warn of Correction for Bitcoin as It Strengthens Against Gold! Share New Price Predictions! Visa Tokenization in Brazil: Enhancing Security for Online Transactions 'I Would've Loaded up Bitcoin': Peter Schiff Admits He Would Have Bought BTC 3 Cryptocurrencies That Reached All-Time Highs Today — November 12 Bitcoin price surpasses 1kg of gold as value climbs to record levels Ancient Bitcoin Whale Back to Life After 11 Years With Massive 26,147% Gains Trump’s leading pick for Treasury Secretary is ‘very pro-crypto’ Time for Crypto to Put the Pedal to the Floor Bitcoin Hits Record High, but the Rainbow Chart Hints at Even Wilder Rides Ahead BONK Price Prediction: When Will this Solana Meme Coin Reach $0.1? Dogecoin Price’s 100% Rally This Week Triggers a Market Top Crypto market in ‘extreme greed,’ may need deleveraging before $100K BTC AIOZ Outpaces Market Leaders with a 45% Spike, But May Not Maintain Momentum 98% of 2024 NFT Drops Are Effectively Dead, Report Shows Framework Ventures leads $3.5 million seed round for web3 AI firm Eidon XRP's 90 Cents Calls Dominate Options Markets as Prices Hover Near 65 Cents: Godbole “I Told You So”: Bukele Takes Victory Lap as El Salvador Bitcoin Stash Hits $100 Million Profit Coinbase launches COIN50 index, tradable as a perpetual future with up to 20x leverage Tether prints $5 billion USDT in 5 days adding to bull run market liquidity Anthony Scaramucci to Late Bitcoin Buyers: 'It's Early' Crypto industry smashes all lobbying records in 2024, influencing US election Crypto Anti-Money Laundering Specialist Notabene Raises $14.5M The Digital Chamber urges US lawmakers to pass stablecoin legislation immediately as usage grows Analyst says ‘the biggest crypto bull run ever’ is starting – Here’s why Polymarket predicts an 88% chance of Trump picking pro-Bitcoin Scott Bessent for Treasury secretary 17 Trillion Shiba Inu (SHIB) in 24 Hours: Rally Continues CHART: Dogecoin market cap now greater than 60% of S&P 500 Bitcoin Records New ATHs Daily, But Profit-Taking Is Low: What Does This Mean? (Bitfinex) Dev loses $27M in Ethereum restaking giant Renzo, offers 10% bounty Bitcoin Shrimps Emerge as the New ‘Smart Money’ as Whales Offload Their Stash: Van Straten USDa: Bitcoin-Backed Stablecoin Reaches 100M Milestone by Avalon Labs Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth What is an Air-Gapped Wallet? A Secure Solution for Cryptocurrency Storage At What Price Will Bitcoin Flip Tech Giants Like Apple? Bitcoin bull run could continue for 200 days before possible US recession – Report HashKey CEO: Trump’s crypto support could push China to revive crypto regulation Ripple (XRP) Price Prediction for This Week Binance Supports Filecoin Network Upgrade Will TRON Cross $0.20 with Rising Wedge Breakout Rally? The Trump effect on Bitcoin: +30% in one week Sam Altman Shares Optimism for Cryptocurrency's Bright Future Chainlink and Propchain Join Forces to Revolutionize Tokenized Real Estate Transparency 7th Largest Crypto Exchange Relaunches in The UK Market, Offering 150+ Tokens BONK and GOAT Tokens Surge: Analyzing the Memecoin Rally Ethereum Layer 2 Lisk Launches on Mainnet, Announces Airdrop Plans Bitcoin Surges as Parabolic Breakout Validates $320K Target Will XRP Reach a $1.5 Target Soon? Ethereum’s Bullish Surge, Aiming for 55% Gains After Triangle Breakout Dogecoin Peaks at 43 Cents on Continued Election Glee Here's how much George Soros lost on his Bitcoin bet by selling MSTR stock early Cardano (ADA) Price Prediction for This Week Oasys emerges as a blockchain gaming leader, HashHub reports $200,000 for Bitcoin (BTC) Reality Now Bitwise Asset Management Launches First Aptos Staking ETP Solana (SOL) Price Now 15% Shy of All-Time High as Open Interest Soars to $4 Billion SolanaSwap Launches New DeFi Platform Samson Mow on Rapid Bitcoin Surge: "This Time It's Different" Here's how much Donald Trump's crypto portfolio is down despite election win Bitcoin sets record in best daily gains at $8.4K, eyes $90K milestone Fed Chair Jerome Powell will sue president Trump if he tries to fire him BounceBit launches new protocol upgrade CeDeFi V2 Tesla Bitcoin Holdings Reclaim $1 Billion Threshold CoinShares launches educational campaign targeting Swedish investors Bitcoin Spot ETF's See $1.1B Record Inflows Amid Market Rally Bitcoin Prices Surge Due to Supply Constraints Chainlink: Can this new update push LINK to 2024 highs? Bitcoin’s Surge to $89,500 Coincides With Tether’s $4B USDT Mint This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit Ripple (XRP) Finally Awakes With 12% Daily Surge, Bitcoin (BTC) Briefly Touched $90K (Market Watch) Ripple (XRP) Sets Its Sights on a Return to Year-to-Date High of $0.74 Riding the Green Wave: How to Stay Smart and Safe in a Surging Market Can GOAT extend its 788% monthly surge? Everything you should know! Binance Announces Listing of Five New Altcoin Trading Pairs on TRY! Here Are Those Altcoins! As VeChain (VET) 50% Rally Nears $0.030, Is $0.067 Next? Germany’s $1.7 Billion Missed Opportunity: Selling BTC Too Early US Bitcoin reserve asset bill could pass in Donald Trump's first 100 days - Senator Cynthia Lummis Analyst Recommends Buying Every Shiba Inu Dip After SHIB Made This Move 415% Profit Triggers Epic Shiba Inu (SHIB) Trillionaire Awakening Justin Drake proposes 'Beam Chain,' an Ethereum consensus layer redesign Is Post-Halving Demand Fueling Bitcoin’s Historic Rise? Worldcoin (WLD) Rockets Over 50% as Global Expansion Spurs Momentum Arthur Hayes says Donald Trump’s election win is the US dollar’s funeral – “Bitcoin is king” Hong Kong spot bitcoin ETFs hit $14 million in daily volume — the highest since August Crypto shorters bleed heavy amid “Extreme Greed” sentiments Japanese crypto exchange Bitbank launches crypto investment firm Dogecoin (DOGE): Pivotal Days Are Incoming as Price Hits Cosmic Levels RENDER Eyes Major Bullish Breakout Amid Strong Market Signals Aptos Bull Run Eyes $13.71 Breakout for 190% Upside Potential Here’s How Much 1 Dogecoin Will Be Worth If DOGE Market Cap Hits $100B Leaked developer access to Unichain quickly led to memecoins. Now devs have shut off access and users are stranded Michael Saylor Issues Bitcoin "Space Travel" Tweet As BTC Gets Close to $90,000 Ethereum Layer 2 Lisk launches mainnet and announces airdrop plans Ripple CTO Comments on XRP Price Not Rising Despite BTC Reaching $89K Dogecoin Price Soars 48% with $1 Price in Sight Will Avalanche Price Surge to $50 This Week? Robinhood's User Base Soars Past 24M as Deposits Hit $5.2B Mark $14B In 24 Hours: Will ADA Bulls Boost Cardano Price to $1 This Month? Listing News From South Korea Sent These Three Altcoins to Rise! There Was a Sudden Jump in Prices! Germany’s Deutsche Telekom joins NEAR as blockchain validator Digital euro payments trials set for 2025: ECB "Rich Dad Poor Dad" Author Issues Bitcoin Warning: Don't Get Slaughtered A World First: Bitwise Will Launch Its First ETP For This Altcoin! ? Solana Outpaces Bitcoin in Gains: What Is Driving This Rally? Trader Unveils Bull Market Targets for Bitcoin, Ethereum and Solana, Predicts All-Time High for One Memecoin Tesla Stock Surges 8% Post-Market as Bitcoin Holdings Exceed $1 Billion 8 Crypto Airdrops for the Second Week of November Bitcoin nears $90K, stages best weekly return since US banking crisis Binance and Polychain Support StakeStone’s Liquid Staking Ambitions Fetch.AI Nears Key Breakout Level: Analysts Eye $3.5 Target MemeFi announces new token launch and partnership with SUI Will Dogecoin Price Soar To $1.8 After Clearing A 3-Year Resistance? Worldcoin Price Shoots 28% As Global ID Verification Expands To 40 Countries XRP eyes $0.7400 as investors continue holding onto profits Bitcoin at a Crossroads: How Nation State Acquisitions Could Reshape Cryptocurrency Potential BONK Rally Could Reach 32% Amid Rising Market Interest and Bullish Trends $DRIFT and $BCUT Lead the Rally Amid Market Fluctuations Cardano (ADA) Slides to $0.60: Indicators Suggest Bull Run Isn’t Over M2 Exchange Hacker Money launders 12.8M Ethereum through Tornado Cash Cardano (ADA) Rally on Hold: Will It Break Out Again Soon? XRP Lawyer Reveals Why Ripple Unlikely To Promote XRP Like Bitcoin ETH 3.0: Sharding may return to scale Ethereum to millions of TPS Cardano Holders Rejoice as Over 50% Return to Profitability Andrew Tate Claims BTC Bull Run is Yet To Come, Here’s Why ‘Ethereum is starting to catch a bid’ — US ETFs hit record $295M inflow Lawrence Lepard says Bitcoin will defund the government and make it harder to conduct war Great Scott! If Only We Could Go Back to 2009 to Buy Bitcoin! Tether Treasury mints another 2 Billion USDT on the Ethereum network for issuance ? Record-breaking bitcoin rally nears $90,000 on Trump boost SUI Price Reaches A New All-Time High as TVL Jumps Fairshake Notches Another Win With Arizona's Ruben Gallego; 16 House Seats Still Uncalled Mt. Gox moves 2,500 Bitcoin as price approaches $89,000 Dogecoin Rockets 48% as Traders Target $1 Price Next Is ORDI set for a 40% surge? Key levels to watch Bitcoin Spikes Above $89K in Wild Trading Session, Battering Both Bulls and Bears Russia proposes digital asset investment platform for developing markets Avalanche price could surge 85% amid rotation from SOL to AVAX Fed heads into December meeting with new president-elect, same economic concerns Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for Investors Bitcoin Market Euphoric, Faces Risk of Pullbacks and Leverage Washouts, Trading Firm Warns as BTC Price Nears $90K Bitwise CIO Predicts BTC Can Reach $1M As Price Jumps Above $88k Pro-XRP Lawyer John Deaton Calls Out Elizabeth Warren And Gary Gensler, Here’s Why ? Record-breaking bitcoin rally nears $90,000 on Trump boost Cronos (CRO) Price Surges as Momentum Takes Over the Market $DOGE Surpasses Ford Market Value; $ETH Ousts P&G Ex-Carolina Panthers Player Russell Okung’s 2020 Bitcoin Paycheck Could Now Be Worth $21 Million ? Bitcoin(BTC) Nears $2T Market Cap After a New ATH of $89,000 Trump isn’t the only ‘story’ driving Bitcoin’s price higher, says exec Trump’s 2nd term to start with trifecta as Republicans tipped to win House Crypto market cap hits $3.1T high, could soon surpass France’s GDP Bitcoin Options Trading Surges to Yearly High as Investors Eye Greater Gains Judge Rejects Former Celsius CEO Alex Mashinsky’s Bid to Dismiss Fraud Charges Binance Surpasses $5 Billion in November Inflows, Hits Record $130B in User Assets Pump Fun Sells 43,000 SOL As Solana Price Touches $220 Stobox Integrates Chainlink CCIP and Proof of Reserve for Secure Cross-Chain Transfers Decentralized Social Media Firm Lens Eyes Massive Scale-Up GIGA’s Market Cap Drops Nearly 85% From Massive Selloff Donald Trump Is Considering Three Pro-crypto Candidates to Replace Gary Gensler Ondo Finance Expands DeFi Access to US Treasuries Across Solana Ecosystem Bitcoin Breaks a Record Again: New ATH is $88,378 – Analyst Predicts How Long the Rally Will Continue Shiba Inu (SHIB): 250% Needed to Reach ATH, Will Ethereum (ETH) Hold Above $3,000? Solana (SOL) Might Enter Price Correction US Bitcoin ETF on track to outpace gold funds in total assets under management 'Volmageddon' — Bitcoin ETFs, Coinbase, MicroStrategy trading vol hits $38B Analyst Calls Optimism Price Bottom Amid This Bullish Setup; Is $17 in Sight?