BitFuFu Announces January 2025 Bitcoin Mining and Operation Updates
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) ha rilasciato l'aggiornamento delle operazioni di mining di gennaio 2025. L'azienda ha prodotto 83 BTC tramite mining autonomo (con una diminuzione del 25% rispetto a dicembre) e 200 BTC per clienti di cloud mining, detenendo un totale di 1.742 BTC al 31 gennaio 2025.
L'azienda gestisce 20.2 EH/s di hashrate totale, di cui 3.1 EH/s di proprietà e 17.1 EH/s tra cloud mining e co-hosting. BitFuFu prevede di aggiungere 0.54 EH/s con 2.000 miner S21XP a marzo 2025.
BitFuFu opera attualmente con una capacità totale di hosting di 424 MW, inclusi impianti in Etiopia (80 MW a $0.036/kWh) e negli Stati Uniti (33 MW a $0.042/kWh). L'azienda ha firmato una lettera di intenti per acquisire una struttura da 51 MW in Oklahoma con costi energetici di $0.03/kWh. Inoltre, BitFuFu ha lanciato BitFuFuOS, un nuovo servizio software che promette fino al 20% di guadagni minerari aumentati attraverso l'ottimizzazione energetica.
BitFuFu (NASDAQ: FUFU) ha publicado la actualización de sus operaciones de minería de enero de 2025. La compañía produjo 83 BTC a través de minería autónoma (una disminución del 25% respecto a diciembre) y 200 BTC para clientes de minería en la nube, manteniendo un total de 1,742 BTC al 31 de enero de 2025.
La compañía gestiona 20.2 EH/s de hash total, con 3.1 EH/s de propiedad y 17.1 EH/s de minería en la nube y co-hosting. BitFuFu espera añadir 0.54 EH/s con 2,000 mineros S21XP en marzo de 2025.
BitFuFu actualmente opera con una capacidad total de hosting de 424 MW, incluidos centros en Etiopía (80 MW a $0.036/kWh) y EE. UU. (33 MW a $0.042/kWh). La compañía firmó una carta de intención para adquirir una instalación de 51 MW en Oklahoma con costos de energía de $0.03/kWh. Además, BitFuFu lanzó BitFuFuOS, un nuevo servicio de software que promete hasta un 20% de aumento en las ganancias de minería a través de la optimización de la energía.
BitFuFu (NASDAQ: FUFU)가 2025년 1월 채굴 운영 업데이트를 발표했습니다. 회사는 자가 채굴로 83 BTC를 생산했으며 (12월 대비 25% 감소), 클라우드 채굴 고객에게는 200 BTC를 제공하여 2025년 1월 31일 기준으로 총 1,742 BTC를 보유하고 있습니다.
회사는 총 20.2 EH/s의 해시레이트를 관리하며, 그 중 3.1 EH/s는 자가 소유이고 17.1 EH/s는 클라우드 채굴 및 공동 호스팅으로 구성되어 있습니다. BitFuFu는 2025년 3월에 2,000대의 S21XP 채굴기를 통해 0.54 EH/s를 추가할 것으로 예상하고 있습니다.
현재 BitFuFu는 에티오피아(80 MW, $0.036/kWh)와 미국(33 MW, $0.042/kWh)의 시설을 포함하여 총 424 MW의 호스팅 용량으로 운영하고 있습니다. 회사는 오클라호마에서 $0.03/kWh의 전력 비용으로 51 MW 시설을 인수하기 위한 의향서를 체결했습니다. 또한, BitFuFu는 전력 최적화를 통해 최대 20%의 채굴 수익 증가를 약속하는 새로운 소프트웨어 서비스인 BitFuFuOS를 출시했습니다.
BitFuFu (NASDAQ: FUFU) a publié une mise à jour de ses opérations de minage pour janvier 2025. L'entreprise a produit 83 BTC par auto-minage (une diminution de 25 % par rapport à décembre) et 200 BTC pour ses clients de cloud-mining, détenant un total de 1 742 BTC au 31 janvier 2025.
L'entreprise gère une puissance de hachage totale de 20,2 EH/s, dont 3,1 EH/s appartenant à l'entreprise et 17,1 EH/s en cloud-mining et co-hébergement. BitFuFu prévoit d'ajouter 0,54 EH/s avec 2 000 mineurs S21XP en mars 2025.
Actuellement, BitFuFu fonctionne avec une capacité totale d'hébergement de 424 MW, incluant des installations en Éthiopie (80 MW à 0,036 $/kWh) et aux États-Unis (33 MW à 0,042 $/kWh). L'entreprise a signé une lettre d'intention pour acquérir une installation de 51 MW en Oklahoma avec des coûts énergétiques de 0,03 $/kWh. De plus, BitFuFu a lancé BitFuFuOS, un nouveau service logiciel promettant jusqu'à 20 % de gains supplémentaires en minage grâce à l'optimisation de l'énergie.
BitFuFu (NASDAQ: FUFU) hat sein Update zu den Mining-Operationen für Januar 2025 veröffentlicht. Das Unternehmen produzierte 83 BTC durch eigenes Mining (ein Rückgang von 25 % im Vergleich zu Dezember) und 200 BTC für Cloud-Mining-Kunden, und hält zum 31. Januar 2025 insgesamt 1.742 BTC.
Das Unternehmen verwaltet eine Gesamt-Hashrate von 20.2 EH/s, davon 3.1 EH/s aus eigenem Besitz und 17.1 EH/s aus Cloud-Mining und Co-Hosting. BitFuFu plant, im März 2025 mit 2.000 S21XP-Miner 0.54 EH/s hinzuzufügen.
BitFuFu betreibt derzeit mit einer Gesamtkapazität von 424 MW, einschließlich Einrichtungen in Äthiopien (80 MW zu $0.036/kWh) und den USA (33 MW zu $0.042/kWh). Das Unternehmen hat ein Absichtsschreiben unterzeichnet, um eine 51-MW-Anlage in Oklahoma mit Stromkosten von $0.03/kWh zu erwerben. Darüber hinaus hat BitFuFu BitFuFuOS eingeführt, einen neuen Softwaredienst, der bis zu 20% mehr Mining-Einnahmen durch Energieoptimierung verspricht.
- Secured low electricity costs ($0.03/kWh) through planned Oklahoma facility acquisition
- Manages substantial 20.2 EH/s total hashrate
- Strong cloud mining performance with 200 BTC produced for customers
- Launched BitFuFuOS software promising 20% increased mining earnings
- 25% decrease in self-mining BTC production from December 2024
- 633 BTC (36% of holdings) pledged for loans and miner procurement payables
Insights
BitFuFu's January operations reveal a strategic pivot prioritizing cloud-mining services over self-mining operations. The 25% decrease in self-mining production to 83 BTC, while delivering 200 BTC for cloud-mining customers, indicates a calculated shift toward higher-margin service-based revenue streams. This adaptation demonstrates operational flexibility and market responsiveness.
The expansion strategy is particularly noteworthy with two key developments:
- The deployment of 2,000 S21XP miners adding 0.54EH/s showcases technological advancement, as these miners represent some of the most efficient hardware currently available
- The potential acquisition of a 51MW facility in Oklahoma with
$0.03 /kWh power costs would strengthen U.S. operations and provide geographical diversification from Ethiopian operations
The company's power strategy reveals sophisticated cost management across jurisdictions, maintaining competitive rates between
However, investors should note that 633 BTC of their 1,742 BTC holdings are pledged for loans and procurement, indicating significant leverage in their expansion strategy. This financial structure, while enabling growth, also introduces balance sheet risks that require careful monitoring.
BitFuFu's financial strategy reveals a sophisticated approach to capital deployment and risk management. The pledge of 633 BTC for loans and procurement represents a leveraged growth strategy, utilizing digital assets to finance expansion while maintaining operational liquidity with the remaining 1,109 BTC.
The company's revenue diversification strategy is particularly compelling:
- Cloud-mining services provide predictable revenue streams with minimal capital investment
- Self-mining operations maintain direct exposure to Bitcoin appreciation
- Power cost optimization across facilities ensures sustainable operating margins
The planned Oklahoma facility acquisition at
The company's expanding user base of 598,785 registered users for cloud-mining services represents a valuable asset, providing stable revenue streams and reducing dependency on direct mining economics. This service-oriented approach could prove particularly valuable during market volatility periods.
SINGAPORE, Feb. 06, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for January 2025.
Key Highlights:
- Bitcoin Production: Produced 83 Bitcoins ("BTC") from self-mining operations and 200 BTC for cloud-mining customers.
- Bitcoin Holdings: Held 1,742 BTC in total as of January 31, 20251.
- Strategic Expansion:
- Miners: 2,000 units of S21XP miners expected to arrive in the U.S. and to be energized in March 2025, adding 0.54EH/s of mining capacity.
- Mining Facilities: Signed a letter of intent to acquire an operational 51-megawatt (MW) Bitcoin mining facility in the State of Oklahoma, U.S., with
$0.03 /kWh average power cost.
“Bitcoin prices have remained resilient over the last two months, driving strong demand for our cloud-mining services, especially from large-scale customers,” said Leo Lu, Chairman and Chief Executive Officer of BitFuFu. “We actively manage and rebalance our mining capacity and operations to ensure stable cash flow, minimize risk, and support our strategic expansion plans.”
Bitcoin Production and Holdings:
- BTC Held: 1,742 BTC as of January 31, 20251.
- Self-Mining Production: 83 BTC, representing a
25% decrease from December 2024, mainly due to the expiration of one hashrate purchase order and the strategic reallocation of a portion of hashrate to fulfill cloud-mining orders. - Cloud-Mining Production: 200 BTC for cloud-mining customers.
- BTC Purchases: No additional BTC were acquired on the secondary market in January 2025.
Hashrate Management:
- Total Hashrate Under Management: 20.2EH/s as of January 31, 2025.
- Self-Owned Hashrate: 3.1EH/s (27,970 miners).
- Cloud-Mining and Co-Hosting: 17.1EH/s (107,384miners).
- Miner Energization:
- 2,000 units S21XP miners ordered in November 2024 are being shipped to the U.S. and expected to be energized in March 2025, adding 0.54EH/s hashrate to operations, preferably used for self-mining.
- 2,000 units S21XP miners ordered in November 2024 are being shipped to the U.S. and expected to be energized in March 2025, adding 0.54EH/s hashrate to operations, preferably used for self-mining.
Power and Facilities:
- Power Under Management: 424 MW total hosting capacity including two facilities with a combined 113 MW power supply secured by the Company.
- 80 MW in Ethiopia (hydropower, electricity cost of
$0.03 6/kWh). - 33 MW in the U.S. (grid power, electricity cost of
$0.04 2/kWh).
- 80 MW in Ethiopia (hydropower, electricity cost of
- 1GW of Secured Power Capacity Target by 2026: In January 2025, BitFuFu signed a letter of intent to acquire a majority stake in an operating 51-MW Bitcoin mining facility in Oklahoma, U.S., with competitive average electricity costs of approximately
$0.03 /kWh.
Mining Services:
- Cloud-Mining Growth: Registered users reached 598,785 as of January 31, 2025.
- New Services: Launched BitFuFuOS, a new software service with power scaling solution that features a range of overclocking and underclocking modes, empowering miners to optimize operations and increase Bitcoin mining earnings by up to
20% .
Upcoming Conferences & Events:
- On February 12, 2025, BitFuFu will participate in the Alliance Global Partners (A.G.P.) Virtual Technology Conference.
- On March 16-18, 2025, Leo Lu, Chairman and CEO of BitFuFu, Calla Zhao, CFO, and Charley Brady, Vice President of Investor Relations, will attend the 37th Annual ROTH Conference in Dana Point, California, and conduct one-on-one meetings with investors.
___________________
1 Includes 633 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud-mining customers.
About BitFuFu Inc.
BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining. BitFuFu received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN’s strategic partner in the Bitcoin mining and mining services space.
BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.
For more information, please visit https://ir.bitfufu.com/.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu’s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.
For investor inquiries, please contact:
Charley Brady
Vice President, Investor Relations
charley.b@bitfufu.com
For general inquiries, please contact:
BitFuFu Investor Relations
ir@bitfufu.com
BitFuFu Media Relations
pr@bitfufu.com
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