BitFuFu plans to launch $150 million ATM financing

BitFuFu, a bitcoin mining and cloud mining service provider, has launched a new market (ATM) stock issuance plan, aiming to raise up to $150 million. According to the documents submitted to the SEC, the company has signed ATM sales agreements with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners on June 10. Under the agreement, BitFuFu can issue and sell Class A common stock on an as-needed basis through the above-mentioned agents, and the stocks will be sold on the Nasdaq or other trading markets.