BitFuFu (FUFU) said Tuesday its subsidiary has signed a two-year, $100 million loan agreement with Antpool Technologies.
BitFuFu said the loan, at an annual 6.5% interest rate, "will be secured by a portion of the company's bitcoin holdings, with a loan-to-value ratio of 70%."
No funds have been drawn under the agreement so far, the company said.
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