BitFuFu Considers Scrapping Ethiopia Mining Deal Over Power Dispute

Key Facts

1BitFuFu is considering scrapping an 80 MW Bitcoin mining deal in Ethiopia after the power supplier threatened to seize equipment.

2The company has already paid $4.1 million toward the deal that is now at risk of cancellation.

BitFuFu is considering scrapping a deal to acquire an 80 MW Bitcoin mining facility in Ethiopia. Cryptopolitan reported that the company may abandon the transaction following threats from the site's power supplier to seize mining equipment, putting a $4.1 million payment already committed to the deal at risk.

FUFU closed at $1.22 on October 14, 2026, with a session high of $1.34 and a low of $1.21. These developments highlight significant operational and legal risks to the company's expansion strategy in the region due to the ongoing dispute with the local electricity provider.