Bitmain strategically invests in BitFuFu to create a new "Win-Win" mining ecosystem

Carbon Chain Value learned that on April 7, mining machine giant Bitmain made a strategic investment in the BitFuFu.com platform.

Bitmain invested in BitFuFu.com, a leading cloud computing company, not only because it values ​​BitFuFu's many outstanding features, but also because it adheres to the concept of "openness, cooperation, and win-win". It is willing to achieve long-term mutual benefit and win-win results with more outstanding supply chain partners, and continuously enrich and give benefits to ecological partners in the fields of mining pools, mining farms, cloud computing, energy recycling, etc.

On December 15, 2020 , BitFuFu.com was officially launched. It is the industry's first computing power standardization platform. Based on openness and computing power standardization, BitFuFu.com has reached computing power supply cooperation with many strictly selected mines including Armorer.

On February 22, 2021 , Bitmain officially reached a strategic partnership with BitFuFu.com.

After Bitmain completes this strategic investment, it is expected that BitFuFu.com will be further improved in terms of funds and resources.

Why did Bitmain invest in BitFuFu.com?

We know that Bitmain was founded in 2013. It took only eight years for it to develop from a technology company focusing on the design and development of high-speed, low-power custom chips to a giant in the Bitcoin mining machine industry. It is no exaggeration to say that Bitmain is the top brand in the current mining machine market. In June last year, Bitmain's market value ranked 7th in the "2020 Hurun China Top 10 Private Chip Design Enterprises", and in August it ranked 70th in the "Suzhou High-tech Zone 2020 Hurun Global Unicorn List". With the alliance with Bitmain, BitFuFu.com will open up more new businesses and its market share is bound to expand further.

In fact, the Bitcoin mining market has also undergone tremendous changes in the past eight years, from the initial CPU mining and GPU mining to professional ASIC mining, mining pool mining, and now cloud computing mining. As the cryptocurrency market enters a new round of bull market, especially after the Bitcoin price broke through $60,000 to set a record high, the mining market, especially the cloud computing market, has become increasingly competitive. On the other hand, the investment threshold for mining has become very high and may become higher in the future. In the past, ordinary users could mine at home with one or two mining machines, but with the rapid scale development of the entire industry, the mining business model has undergone tremendous changes, and ordinary users have almost no room for survival.

In this market environment, as the world's first cloud computing platform to propose the concept of "computing power standardization", BitFuFu.com packages multiple models through computing power cutting and intelligent scheduling to provide standardized computing power services. This means that mining is no longer a "privilege" for professional miners, and ordinary users can easily understand and identify the characteristics of computing power products and participate in it very conveniently.

The strong alliance between Bitmain and BitFuFu.com will form a "Win-Win" win-win situation , because - For Bitmain, investing in BitFuFu.com can penetrate more potential miner user markets through BitFuFu, and then fully link resources such as mining machines, mining farms and mining pools to help increase the value of the upstream and downstream industries. This is also the first move after the Bitmain Partner Summit, which continues to enrich ecological partners in the fields of cloud computing power, mining pools, mining farms, energy recycling, etc., and provide solid guarantees for customers' long-term investment value. At present, BitFuFu.com has launched the joint login function with Bitmain Ant Mining Pool. Users only need to use one platform account to access the two platforms, effectively avoiding the trouble of creating, logging in, and managing multiple accounts, greatly optimizing the user experience, and allowing users to quickly allocate resources and "switch at will" between mining machine mining and cloud computing mining investment modes.

In addition, users brought in through the BitFuFu.com channel can also be converted into potential Antminer buyers, which is helpful for the sales of its mining machines. In the bull market, mining machines are often hard to come by. Bitmain cooperates with cloud computing platforms to obtain more profit margins for mining machines, mining farms, and mining pools; in the bear market, BitFuFu.com can play the role of a "stabilizer". Miners can sell short-term use rights of mining machines through the BitFuFu.com platform, so that they can obtain long-term stable cash flow without giving up the ownership of mining machines. Selling mining machines after the bear market ends can get more benefits.

For BitFuFu.com, Bitmain's investment can further optimize its supply chain and provide better services to customers. In early March 2021, BitFuFu.com was the first to "grab" 8,000 of the latest flagship Antminer S19Pro from Bitmain, which is expected to be delivered in the second half of this year. As the price of Bitcoin has continued to hit new highs recently, the market for mining machines has also been rising, resulting in a situation where it is difficult to find a machine in the market. However, with Bitmain's completion of its strategic investment in BitFuFu.com, the cooperation between the two parties will be more solid, ensuring that BitFuFu.com's cloud computing users can get more stable protection and more reliable services.

It is worth mentioning that one of the key reasons that attracted Bitmain to invest in BitFuFu.com was actually the team. We know that the essence of investment is to invest in people. The founding team of BitFuFu.com is composed of former Bitmain employees and team members of the BitDeer project. They all came from first-tier Internet companies and later left in the dispute of Bitmain. The team is now starting anew and has made new thoughts on the computing power platform. It has also made new service upgrades in mining farm operation and maintenance, computing power operation and maintenance, computing power guarantee, customer service, etc.

How will BitFuFu.com develop after receiving investment?

Bitmain successfully completed its investment in BitFuFu.com, and this "starting move" almost amazed the entire cryptocurrency industry.

Based on the original cloud computing model and basic capabilities, BitFuFu.com will advance in depth to identify, select, absorb and configure mining resources from different sources, levels and structures. For example, it will expand the scope of C-end target customers, turn cryptocurrency exchanges, wallets and other tool platforms into its own computing power distributors, and organically integrate them to make the ecology of both parties more organized, systematic and valuable.

More importantly, Bitmain will provide BitFuFu.com with ample resource support to help it provide personalized customized services to B-side customers and promote the concept of "standardization" to mining partners and even the broader crypto industry.

In addition, there are reports that BitFuFu.com is promoting the mining e-commerce model, providing underlying technical support and tailor-made customized services to partners such as computing power suppliers. For computing power providers, not only can they launch cooperative computing power at the fastest speed, but they can also accelerate the return of funds for reinvestment in new mining machines and expand their production capacity.

There is no doubt that this strategic investment will further consolidate the cooperative relationship between Bitmain and BitFuFu.com, and a new "Win-Win" mining ecosystem is about to emerge.

It is reported that in order to celebrate Bitmain's strategic investment, BitFuFu has launched a user reward activity. From April 1 to April 15, users whose cumulative transaction volume reaches 10,000U, 50,000U, and 100,000U can enjoy 1% cashback, 1.5% cashback, and 2% cashback respectively.

In addition, new users who register on BitFuFu during this period can get 10T computing power for free for one day. If the first transaction amount after registration exceeds 200U, they can enjoy a 50% discount on the purchase of 10T computing power for 5 days.

Click to claim: https://www.bitfufu.com/?source=2021040701

Or follow the official customer service