News & Events

Bitcoin mining firm BitFuFu Inc. (FUFU) saw its stock surge over 9% recently following the announcement of a two-year framework agreement with Bitmain, the leading cryptocurrency mining hardware manufacturer. The deal includes 80,000 Antminer S units, featuring advanced S21 XP and S21 Pro models with superior hash rates.

The agreement allows BitFuFu to purchase the units in batches over two years, enabling the company to scale its operations strategically while remaining adaptable to market conditions. This marks a significant step in BitFuFu’s shift from an asset-light strategy to a hybrid infrastructure approach.

BitFuFu plans to deploy the miners to enhance its self-mining operations and cloud mining services. It targets expanding its global mining infrastructure by adding 1 gigawatt (GW) in capacity by 2026. In recent developments, BitFuFu revealed plans to expand its U.S. mining operations under a 10-year lease agreement. The company currently holds 1,664 Bitcoin in its treasury, valued at around $160 million.

Read the original article here: https://www.msn.com/en-in/money/topstories/bitfufu-stock-soars-after-securing-a-fleet-of-80-000-miners-from-bitmain-retail-remains-unconvinced/ar-AA1wRWPs?ocid=msedgntphdr&cvid=85e7b761877e41b1beaf98b5dbdb91b3&ei=16

Renowned Indian production house Sunshine Pictures Ltd, led by film and television producer-director Vipul Shah, has filed draft papers with the Securities and Exchange Board of India for an Initial Public Offering (IPO).

The IPO includes a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh shares, with promoters Vipul Amrutlal Shah and Shefali Vipul Shah selling 23.69 lakh and 10.05 lakh shares. Proceeds from the fresh issue, up to INR 94 crore, will be used for long-term working capital, future growth, and general corporate purposes.

Sunshine Pictures is known for producing films, web series, and TV serials. The company has delivered 10 commercial films, 2 web series, and 2 TV serials. Current projects include co-productions with Jio Studios and a web series for Prasar Bharati. Upcoming titles include Good Morning Rhea, Governor, The Kerala Story 2, and Whistle Blower. The company has reported consistent profitability over the last three fiscal years, with a net profit of INR 45.64 crore in H1 FY25 and revenue of INR 133.8 crore in FY24.

Read the original article here: https://www.business-standard.com/markets/ipo/film-producer-vipul-shah-s-sunshine-pictures-files-for-ipo-to-raise-funds-125010300231_1.html

The New African magazine has unveiled its annual list of the 100 Most Influential Africans, honouring leaders, innovators, and changemakers across diverse fields.

The 2024 highlights include advancements in Artificial Intelligence, with experts like Abeba Birhane exposing biases in AI systems, alongside impactful climate leadership from Senegal’s Ibrahima Cheikh Diong and youth advocate Michael Kakande. Development finance leaders, such as Akinwumi Adesina of the African Development Bank, are also prominently featured.

Olympic triumphs take centre stage too, with Botswana’s Letsile Tebogo winning its first-ever gold medal and Sifan Hassan setting records in distance running. The 100 Most Influential Africans of 2024 stands as a powerful testament to the resilience, ingenuity, and contributions of Africans shaping both the continent and the world. It celebrates remarkable achievements while inspiring future generations to break barriers and lead with purpose.

Read the original article here: https://www.africa-newsroom.com/press/the-100-most-influential-africans-of-2024-announced?lang=en