Welcome to our dedicated page for BITFUFU news (Ticker: FUFU), a resource for investors and traders seeking the latest updates and insights on BITFUFU stock.
BitFuFu Inc. (NASDAQ: FUFU) provides investors and industry observers with a centralized hub for official company announcements and market-moving developments. This page aggregates all press releases, operational updates, and strategic initiatives related to BitFuFu’s digital asset mining services and blockchain infrastructure solutions.
Visitors gain immediate access to critical information including quarterly earnings disclosures, partnership expansions like the ongoing BITMAIN collaboration, and technological advancements in cloud-mining operations. The curated news feed serves as a decision-making resource for tracking the company’s progress in optimizing mining efficiency and maintaining competitive infrastructure.
Key updates cover three primary areas: financial performance metrics, infrastructure developments across global mining facilities, and innovations in user-facing platforms. This structured approach ensures stakeholders can efficiently monitor BitFuFu’s execution of its dual strategy – balancing proprietary mining activities with enterprise-grade cloud services.
Bookmark this page for real-time notifications on regulatory compliance milestones, hashrate capacity changes, and strategic industry engagements. Combine these updates with BitFuFu’s SEC filings and investor relations materials for comprehensive analysis of this emerging leader in blockchain-powered financial solutions.
BitFuFu (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission (SEC) on April 21, 2025.
Investors and interested parties can access the annual report through the SEC's website at www.sec.gov or directly via BitFuFu's investor relations website at https://ir.bitfufu.com/.
BitFuFu (NASDAQ: FUFU), a global Bitcoin mining services provider, has released its March 2025 operational updates. The company held 1,847 BTC as of March 31, 2025, showing a 47 BTC increase from February. Monthly production reached 234 BTC, comprising 58 BTC from self-mining and 176 BTC from cloud-mining operations.
The company has successfully energized most of its recently ordered miners (2,000 S21 XP and 4,000 S21+ units), adding 1.1 EH/s of self-owned mining capacity. Total hashrate under management reached 20.6 EH/s, with 4.2 EH/s in self-owned capacity and 16.4 EH/s in cloud-mining and co-hosting. The company manages 478 MW of total hosting capacity and serves 607,377 registered cloud-mining users.
BitFuFu (NASDAQ: FUFU) reported strong financial results for FY2024, with total revenue reaching US$463.3 million, up 63.1% year-over-year. The company's net income surged 414.3% to US$54.0 million, while Adjusted EBITDA increased 181.8% to US$117.5 million.
Revenue from cloud-mining solutions grew 52.2% to US$271.0 million, while Bitcoin self-mining operations revenue increased 57.2% to US$157.5 million. The company's hosting capacity reached 551 MW, with total mining capacity at 23.5 EH/s. Registered cloud-mining users nearly doubled to 591,751.
However, Bitcoin production metrics showed some decline: self-mining BTC production decreased 29.1% to 2,537 BTCs, while customer cloud-mining production fell 26.8% to 4,947 BTCs. The cost to mine per BTC increased to US$47,496 from US$28,200 in 2023.
The company's cash and digital assets position strengthened to US$175.1 million, up 130.4% from the previous year. BitFuFu aims to reach approximately 33 EH/s mining capacity and 650-800 MW hosting capacity by end-2025.
BitFuFu (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, has scheduled the release of its full year 2024 financial results for March 25, 2025, before U.S. markets open.
The company will host an earnings conference call on Tuesday, March 25, 2025, at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Singapore Time). Participants must pre-register for the call to receive dial-in numbers and a unique access PIN. A live and archived webcast will be available on BitFuFu's investor relations website.
BitFuFu (NASDAQ: FUFU) has been included in the newly launched Bitwise Bitcoin Standard Corporations ETF (OWNB), marking a significant milestone for the global Bitcoin mining company. The ETF, launched on March 11, 2025, by Bitwise Asset Management, specifically tracks public companies holding at least 1,000 BTC in their corporate treasuries.
BitFuFu has secured a notable position among the ETF's top 10 holdings, representing 4.03% of the fund's assets. The company's inclusion is backed by its substantial Bitcoin holdings of 1,800 BTC as of February 28, 2025. The ETF, listed on NYSE Arca, is designed to provide investors exposure to companies that have adopted Bitcoin as a strategic reserve asset, with holdings weighted based on Bitcoin ownership.
BitFuFu (NASDAQ: FUFU) released its February 2025 Bitcoin mining and operations update, reporting 219 BTC total production (58 BTC from self-mining, 161 BTC for cloud-mining customers). The company held 1,800 BTC as of February 28, 2025.
Key operational metrics include:
- Total hashrate under management: 20.6 EH/s (3.1 EH/s self-owned, 17.5 EH/s cloud-mining)
- Power capacity: 480 MW hosting capacity, including 164 MW secured across facilities
- Cloud platform growth: Registered users increased from 500,000 to over 600,000
Notable developments include acquiring majority ownership in a 51MW Bitcoin mining facility in Oklahoma, with plans to deploy S21 series miners. The facility's cash cost to produce one Bitcoin is approximately $18,000 excluding depreciation, with electricity costs at $0.03/kWh.
BitFuFu (NASDAQ: FUFU), a global Bitcoin mining and comprehensive mining services provider, has announced reaching 600,000 registered users worldwide on its Cloud Mining platform. The company achieved remarkable growth, expanding from 500,000 to 600,000 users in less than three months, compared to the five months previously needed to grow from 400,000 to 500,000 users by November 2024.
To commemorate this milestone, BitFuFu has launched a special discount coupon campaign for active registered users, offering tiered discounts based on cloud mining hashrate purchases. The rapid user growth is attributed to the company's user-friendly Cloud Mining APP and effective global marketing strategy.
BitFuFu (NASDAQ: FUFU) has acquired a majority stake in a 51MW operational Bitcoin mining data center in Oklahoma for $400,000 per MW, funded through cash and common stock. The facility, operational since 2022, features air-cooled container infrastructure with over 95% uptime and competitive electricity costs of $0.03/kWh. This enables Bitcoin mining at a cash cost of approximately $18,000 per Bitcoin using AntMiner S21 XP miners.
The acquisition aligns with BitFuFu's 1GW Global Capacity Expansion Plan and will increase total managed hashrate by over 3EH/s. The Oklahoma facility benefits from the Southwest Power Pool's stable energy market and crypto-friendly state regulations. The site has expansion potential pending a transmission upgrade study in mid-2025. Additionally, BitFuFu has agreed to purchase up to 80,000 S-series miners from BITMAIN in Q4 2024.
BitFuFu (NASDAQ: FUFU) has released its January 2025 mining operations update. The company produced 83 BTC from self-mining (25% decrease from December) and 200 BTC for cloud-mining customers, holding a total of 1,742 BTC as of January 31, 2025.
The company manages 20.2 EH/s of total hashrate, comprising 3.1 EH/s self-owned and 17.1 EH/s cloud-mining and co-hosting. BitFuFu expects to add 0.54 EH/s with 2,000 S21XP miners in March 2025.
BitFuFu currently operates with 424 MW total hosting capacity, including facilities in Ethiopia (80 MW at $0.036/kWh) and the U.S. (33 MW at $0.042/kWh). The company signed a letter of intent to acquire a 51-MW facility in Oklahoma with $0.03/kWh power costs. Additionally, BitFuFu launched BitFuFuOS, a new software service promising up to 20% increased mining earnings through power optimization.
BitFuFu (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, has announced its participation in the upcoming 37th Annual ROTH Conference. The event will take place from March 16-18, 2025 in Dana Point, California.
Key company representatives attending include Chairman and CEO Leo Lu, CFO Calla Zhao, and Vice President of Investor Relations Charley Brady. The conference will feature approximately 500 private and public companies from various growth sectors, providing investors with opportunities to meet and hear from executive management teams. BitFuFu's team will be available for one-on-one meetings with investors throughout the event.
