Bitcoin mining company BitFuFu plans to raise $150 million through an ATM program.

BitFuFu, a Bitcoin mining and cloud mining service provider, has launched a new marketplace (ATM) stock offering to raise up to $150 million. According to its SEC filings, the company has entered into ATM sale agreements with B Riley Securities, Cantor Fitzgerald, Northland Securities, and Roth Capital Partners on June 10. Pursuant to the Agreement, BitFuFu may, at its own discretion, issue and sell Class A common shares through the above-mentioned agents from time to time, and the shares will be sold on the NASDAQ or other trading markets.