H.C. Wainwright initiated coverage of BitFuFu (FUFU) with a Buy rating and $7 price target BitFuFu is a cloud mining service provider, meaning the company hosts bitcoin mining machines in its responsibility for every aspect of buying and running the machines, the analyst tells investors in a research note. The firm says the company’s “advantaged” cloud mining platform is furnishing direct bitcoin mining exposure.
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Read More on FUFU:
- BitFuFu Reports Strong Revenue Growth Amid Strategic Shifts
- BitFuFu’s Revenue Soars Amid Strategic Expansion
- BitFuFu Expands with New Bitcoin Mining Facility
- BitFuFu to acquire 80-MW Bitcoin mining facility in Ethiopia
- BitFuFu recaps participation at HC Wainwright annual conference
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