BitFuFu Inc. (NASDAQ:FUFU) is one of the best stocks under $5 with highest upside potential. On October 27, BitFuFu Inc. (NASDAQ:FUFU) announced the offering of the NTMINER S21+ Hyd. Bitcoin miners for purchase and hosting via the company’s platform, stating that it is offering a special rate of $15.3 per terahash (TH/s) as part of this hosted mining offering.
The hosting fee is as low as $0.078/kWh, offering a “compelling opportunity for miners preparing for the Bitcoin bull market”. Management added that the service is available for customers across the globe, especially in the US.
Manufactured by BITMAIN, the ANTMINER S21+ Hyd. is a high-performance Bitcoin mining machine specially designed for hydro-cooled operations, delivering a hashrate of 358 TH/s at 5370 W, and attaining “an industry-leading energy efficiency of 15 J/TH”.
BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It functions through an array of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services to individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure.
While we acknowledge the potential of FUFU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.