**BitFuFu Digs Deep in Ethiopia: A Miner’s Delight! 🪙**

- **Brick-and-Mortar Breakthrough**: Cloud Bitcoin miner BitFuFu has snagged its first physical mining facility, an 80-MW site in Ethiopia. Talk about going from cloud to ground!

- **Power Play**: This move boosts BitFuFu’s capacity from 522 MW to over 600 MW. With new Bitmain S21 ASIC miners, they’re adding 4.6 EH/s to their mining prowess.

- **Cost Cruncher**: Energy costs at the new site are under $0.04/kWh, slashing Bitcoin production expenses. CEO Leo Lu calls it a “critical milestone” for diversification.

- **Market Mojo**: Despite rising energy costs and Bitcoin halving, BitFuFu’s Q2 revenue soared by 70% to $129.4M. Looks like they’re mining gold in a complex market!

Source: BitFuFu