TechFlow news, on June 11, BitFuFu (Nasdaq: FUFU), a Bitcoin mining and cloud mining service provider, announced on June 10 the launch of an up to $150 million at-the-market (ATM) stock offering program to address the challenges posed by the tightening current mining economic environment. The company has entered into sales agreements with several securities firms including B. Riley Securities and Cantor Fitzgerald, allowing it to sell and issue Class A ordinary shares at its discretion on Nasdaq or other trading markets.
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