BitFuFu plans to launch $150 million in ATM financing

Bitcoin mining and cloud mining service provider BitFuFu has launched a new market (ATM) stock issuance plan, aiming to raise up to $150 million. According to its filings submitted to the SEC, the company signed an ATM sales agreement with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners on June 10.

Under this agreement, BitFuFu may issue and sell Class A common stock from time to time through the aforementioned agents as needed, with the stocks to be sold on NASDAQ or other trading markets.