According to WuSay, BitFuFu, a computing power service provider and cloud computing power service provider, and special purpose acquisition company ARIZ announced that they have completed their business merger. The merged listed company is BitFuFu Inc., which will begin trading on the Nasdaq Stock Market on March 1, 2024, with the stock codes "FUFU" and "FUFUW". BitFuFu's revenue in the first half of 2023 reached US$134.2 million. As of June 30, 2023, it managed approximately 131,000 mining machines with a computing power of 15.2EH/s, distributed in 17 mining farms around the world. For this business merger, BitFuFu's existing shareholders and strategic partners, including Bitmain and Ant Pool, have pledged to lead a total of US$74 million in PIPE financing. After the transaction is completed, the BitFuFu management team led by founder Lu Liang will continue to operate the company.