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.



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