BitFuFu is a fast-growing digital asset mining service and world-leading cloud-mining service provider, dedicated to foster a secure, compliant, and transparent blockchain infrastructure. BitFuFu provides a variety of stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset enthusiasts. -BitFuFu
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00:00Innovative Bitcoin mining firm BitFufu took the stage at the World Digital Mining Summit
00:072024. Its chairman and CEO Leo Liu outlined what sets it apart from competitors like Riot
00:12Platforms, Marathon Digital Holdings or CleanSpark Inc. BitFufu has a comprehensive suite of
00:18mining services including cloud mining services, self-mining operations and miner hosting services
00:24and has a scalable business model that is secure and transparent. It makes Bitcoin mining
00:29available to significantly more people than the traditional Bitcoin mining model.
00:34A key announcement was BitFufu's dynamic mine or sell hashrate strategy that allows
00:39miners to optimize returns whether Bitcoin prices are rising or falling. In bullish periods,
00:44miners can leverage BitFufu's cloud mining platform to accumulate more Bitcoin at low
00:49costs. Conversely, during downturns, they can sell surplus hashrate to generate cash
00:54flow. Liu revealed that exclusive partnerships with Bitmain and Antpool provide BitFufu
00:59competitive benefits like high-quality mining farm resources and reduced customer acquisition
01:05costs. The two companies' total investment in BitFufu now exceeds $70 million.
01:11BitFufu highlighted its 4S strategy support straightforward security stability as the
01:15key driver of its high repeat customer rate. Looking ahead, Liu expressed bullishness on
01:20Bitcoin's long-term prospects driven by greater institutional adoption and the growth of tokenized
01:26assets and stablecoins. However, he cautioned that volatility may persist from economic
01:31conditions, regulations, and the rise of CBDCs. Overall, BitFufu's diverse offering allows
01:37it to cater to miners' needs across market cycles, while its partnerships and proprietary
01:42tech cement its competitive advantage.