Crypto firm BitFuFu acquires data center in Oklahoma for $20M

BitFuFu, a publicly traded crypto mining company, purchased a Bitcoin mining data center in Oklahoma for $20 million. The 51-megawatt facility, operational since 2022, was priced at $400,000 per megawatt. BitFuFu paid for the acquisition using existing cash and company stock. The data center uses air-cooled, container-based infrastructure and includes an operational repair center. While the site has room to expand, this depends on the results of a power grid study later this year. This purchase is part of BitFuFu's plan to reach 1 gigawatt of global mining capacity. BitFuFu currently claims to offer 556 megawatts of hosting capacity across the US, Ethiopia, and Paraguay.