BitFuFu Announces Bitcoin Production and Operations Update for November 2024
December 6, 2024
Merger/DeSPAC: Mar 01, 24
Industry:
FINANCE SERVICES
Singapore – BitFuFu (NASDAQ: FUFU, FUFUW), a leading Bitcoin mining company, has released an update on its production and mining operations for November 2024.
As of November 30, 2024, BitFuFu held 1,643 Bitcoin. In November, 84 Bitcoin were produced from self-mining operations. The mining fleet was expanded by 13,300 miners in November, including S19 XP, S21 XP and S21+ miners. BitFuFu is currently evaluating potential power projects with a capacity of 700 MW and has set a target of adding 1 GW of capacity by the end of 2026. The company has $98 million in net cash and has secured a $100 million credit line from Antpool Technologies.
Leo Lu, Chairman and CEO of BitFuFu, said: “Since going public just over nine months ago, our team has been working diligently to optimize operations, expand product offerings, improve the user experience, and position ourselves for continued strong growth in the years to come.”
Vast Renewables Updates Shareholders on Progress Towards Delivering Carbon-Free Energy at AGM
December 5, 2024
Merger/DeSPAC: Dec 19, 23
Industry:
HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES
Sydney, Australia – Vast Renewables (Nasdaq: VSTE, VSTEW), an Australian green energy technology company, updated shareholders on its progress towards deploying its next-generation concentrated solar power (CSP) solution at its Annual General Meeting (AGM) on November 27, 2024.
Vast has signed an updated funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency (ARENA). The company is progressing towards a final investment decision on its utility-scale CSP reference project in Port Augusta, South Australia (VS1). Vast is also developing a co-located renewable methanol production facility (SM1) at the Port Augusta site in partnership with German fuels giant Mabanaft. Vast has expanded its presence in the US market by signing a project development partnership with Houston-based renewables developer GGS Energy.
Goals for 2025 include achieving financial close and commencing construction on the utility-scale electricity and renewable methanol projects in Port Augusta, developing its Australian green technology manufacturing business, and further developing its pipeline of electricity, fuels, and off-grid projects globally.