Singapore-based BitFuFu has inked a two-year deal with Bitmain to acquire up to 80,000 Bitcoin miners. Announced on Jan. 2, the agreement allows BitFuFu to purchase Bitmain's latest S-series miners with flexible payment options, including partial payment in shares. CEO Leo Lu highlighted the partnership's role in expanding BitFuFu's mining capacity by 1 gigawatt by 2026. The firm, listed on Nasdaq, manages a 556 MW hosting capacity and 26.2 EH/s hashrate. BitFuFu shares rose 13% following the news, trading at $5.60. Bitmain also expanded its production to the US to enhance supply chain efficiency.