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Bitfufu (FUFU)

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Research analysts covering Bitfufu.

Recent press releases and 8-K filings for FUFU.

BitFuFu Announces January 2026 Bitcoin Production and Operational Updates
FUFU
New Projects/Investments
  • BitFuFu Inc. reported a Bitcoin production of 229 BTC for January 2026, marking a month-over-month increase of 41 BTC. This production included 183 BTC from cloud mining and 46 BTC from self-mining.
  • As of January 31, 2026, the company held 1,796 BTC, an increase of 16 BTC from December 31, 2025.
  • The total hashrate under management reached 29.6 EH/s, representing a 13.4% month-over-month increase, and total power capacity under management grew to 520 MW, an 8.8% month-over-month increase.
  • Average fleet efficiency improved to 17.5 J/TH, an improvement of 0.8 J/TH from the previous month.
1 day ago
BitFuFu Announces December 2025 Bitcoin Production and Operational Updates
FUFU
Earnings
Guidance Update
  • BitFuFu mined 188 BTC in December 2025, comprising 151 BTC from cloud mining and 37 BTC from self-mining, contributing to a total of 3,662 BTC mined in 2025.
  • As of December 31, 2025, the company held 1,780 BTC, and significantly reduced pledged BTC to 274 BTC from 620 BTC, which improved liquidity and financial flexibility.
  • The company maintained a total hashrate under management of 26.1 EH/s and a total power capacity under management of 478 MW.
  • CEO Leo Lu expressed an optimistic outlook for 2026, citing recent Bitcoin strength and the company's improved liquidity position.
Jan 7, 2026, 1:00 PM
BitFuFu Inc. Reports Strong Q3 2025 Performance and Outlines Growth Strategy
FUFU
Earnings
Guidance Update
New Projects/Investments
  • BitFuFu Inc. reported robust Q3 results, with cloud mining revenue increasing 78% year-over-year and adjusted EBITDA exceeding $22 million.
  • As of November 2025, the company managed 26.4 exahash of computing power and served over 648,000 users on its cloud mining platform.
  • The company is strategically focused on acquiring more owned data center capacity to enhance control and reduce costs, driven by strong, unmet demand for its cloud mining services.
  • BitFuFu targets a year-end 2025 hash rate of 28-32 exahash and power capacity of 550-600 MW, noting recent fluctuations due to equipment upgrades and lease adjustments.
Dec 11, 2025, 8:55 PM
BitFuFu Inc. Provides Business Update and Q3 2025 Results
FUFU
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
  • BitFuFu Inc. reported strong Q3 results, with cloud mining revenue up 78% year over year and adjusted EBITDA reaching over $22 million.
  • As of the end of November 2025, the company managed 26.4 exahash of computing power and held over 1,700 Bitcoin.
  • The company is strategically focused on acquiring more owned data center capacity and is evaluating a pivot into HPC AI.
  • BitFuFu targets a year-end 2025 hash rate of 28-32 exahash and power capacity of 550-600 megawatts.
  • The cloud mining business continues to show strong demand, leading the company to actively seek additional capacity.
Dec 11, 2025, 8:55 PM
BitFuFu Provides Operational Update and Strong Q3 2025 Results
FUFU
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
  • BitFuFu reported strong third-quarter results, with cloud mining revenue up 78% year over year and adjusted EBITDA over $22 million, up from $6 million in the prior year.
  • As of the end of November 2025, the company managed 26.4 exahash of computing power and 478 megawatts of total capacity, serving over 648,000 cloud mining users.
  • The company's strategy includes acquiring more owned data center capacity to enhance control, lower costs, and potentially pivot into HPC AI.
  • BitFuFu aims for a year-end 2025 hash rate of 28-32 exahash and power capacity of 550-600 megawatts.
  • The cloud mining business, which represents the larger portion of its operations, continues to experience strong demand, leading the company to allocate more computing power from self-mining to meet customer needs.
Dec 11, 2025, 8:55 PM
BitFuFu Inc. Announces November 2025 Bitcoin Production and Operational Updates
FUFU
New Projects/Investments
  • BitFuFu Inc. reported Bitcoin holdings of 1,764 BTC as of November 30, 2025, a decrease of 189 BTC from the prior month, and produced 231 BTC in November 2025.
  • The company sold 205 BTC in November 2025 at an average price of $107,000 to fund supplier obligations and manage risk amid market volatility.
  • Total hashrate under management decreased by 13.4% month-over-month to 26.4 EH/s, primarily due to a 1.3 EH/s decrease in self-owned hashrate as legacy S19 series miners were sold for replacement with new-generation models.
  • Total power capacity under management also decreased by 13.9% month-over-month to 478 MW.
Dec 5, 2025, 3:00 PM
BitFuFu Reports Record Q3 2025 Revenue and Profitability Turnaround
FUFU
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • BitFuFu achieved a record-high total revenue of $180.7 million in Q3 2025, representing a 100% year-over-year increase and a 57% sequential increase, while also turning a profit with net income of $11.6 million compared to a $5 million loss in Q3 2024.
  • Cloud mining revenue grew 78% year-over-year to $122.9 million, contributing 68% of total revenue, with a strong net dollar retention rate of nearly 120% for existing clients.
  • The company is pursuing an integrated asset-light and asset-heavy strategy, including a majority stake in an Ethiopian mining facility and plans for natural gas-powered mining pilots in Canada, alongside expanding partnerships in the Middle East.
  • As of September 30, 2025, BitFuFu's financial position included $32.6 million in cash and cash equivalents and $222.1 million in digital assets, with the latter increasing 71% since year-end 2024.
Nov 12, 2025, 1:00 PM
BitFuFu Reports Record Q3 2025 Revenue and Net Income
FUFU
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • BitFuFu achieved record-high total revenue of $180.7 million in Q3 2025, marking a 100% year-over-year increase and 57% sequential growth.
  • The company reported a net income of $11.6 million and adjusted EBITDA of $22.1 million for Q3 2025, with basic and diluted earnings per share at $0.07.
  • Cloud mining remained the largest revenue contributor, reaching $122.9 million in Q3 2025, representing a 78% year-over-year increase and accounting for 68% of total revenue.
  • Strategically, BitFuFu signed a cooperation agreement for Real-World Assets (RWA) to tokenize hash rate, is preparing to launch natural gas-powered mining pilots in Canada, and expanded partnerships in the Middle East.
Nov 12, 2025, 1:00 PM
BitFuFu reports record Q3 2025 revenue and strong profit growth
FUFU
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • BitFuFu reported record total revenue of $180.7 million in Q3 2025, marking a 100% year-over-year increase and a 57% sequential increase.
  • The company achieved a net income of $11.6 million and adjusted EBITDA of $22.1 million for Q3 2025, with basic and diluted earnings per share of $0.07.
  • Cloud mining revenue reached $122.9 million, a 78% year-over-year increase, contributing 68% of total revenue and demonstrating strong customer retention with a net dollar retention rate of nearly 120%.
  • Strategic developments include a cooperation agreement for Real-World Assets (RWA) tokenization, plans for natural gas-powered mining pilots in Canada, and expanded partnerships in the Middle East.
  • As of September 30, 2025, BitFuFu's balance sheet showed $32.6 million in cash and cash equivalents and $222.1 million in digital assets, reflecting a 71% increase in digital assets since December 31, 2024.
Nov 12, 2025, 1:00 PM
BitFuFu Reports Strong Unaudited Third Quarter 2025 Financial Results
FUFU
Earnings
Revenue Acceleration/Inflection
  • BitFuFu Inc. reported total revenue of $180.7 million for the third quarter of 2025, marking a 100.1% increase year-over-year and a 56.6% sequential increase.
  • The company achieved a net income of $11.6 million in Q3 2025, a significant improvement from a net loss of $5.0 million in the same period of 2024.
  • Adjusted EBITDA increased to $22.1 million in Q3 2025, compared to $5.8 million in Q3 2024.
  • As of September 30, 2025, BitFuFu's total mining capacity increased 37.4% to 36.0 EH/s, and its Bitcoin holdings grew 19.8% to 1,962 BTC.
Nov 12, 2025, 11:03 AM
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