BitFuFu Recaps its Participation in the H.C. Wainwright 26th Annual Global Investment Conference
BitFuFu (NASDAQ: FUFU), a leading cloud-mining service provider, recently participated in the H.C. Wainwright 26th Annual Global Investment Conference. The company's CFO, Calla Zhao, presented on BitFuFu's strategic initiatives and growth prospects. Key highlights include:
1. Innovative cloud-mining solutions attracting over 395,000 registered users.
2. Strategic partnerships with BITMAIN and Antpool.
3. Management of 522 MW hosting capacity across 25 sites on three continents.
4. Strong financial performance with a three-year revenue CAGR of 66% and adjusted EBITDA CAGR of 167%.
5. Total revenues of $273.8 million in H1 2024, a 104% year-over-year increase.
6. Total mining capacity under management of 24.7 EH/s as of June 30, 2024.
7. Plans to transition from an asset-light strategy to managing a diverse portfolio of Bitcoin mining infrastructure.
BitFuFu (NASDAQ: FUFU), un rinomato fornitore di servizi di cloud mining, ha recentemente partecipato alla 26ª Conferenza Globale di Investimenti Annuale H.C. Wainwright. Il CFO dell'azienda, Calla Zhao, ha presentato le iniziative strategiche e le prospettive di crescita di BitFuFu. I punti salienti includono:
1. Soluzioni innovative di cloud mining che attraggono oltre 395.000 utenti registrati.
2. Accordi strategici con BITMAIN e Antpool.
3. Gestione di una capacità di hosting di 522 MW in 25 sedi su tre continenti.
4. Forti performance finanziarie con un CAGR delle entrate triennale del 66% e un CAGR dell'EBITDA rettificato del 167%.
5. Entrate totali di 273,8 milioni di dollari nel primo semestre del 2024, con un incremento del 104% rispetto all'anno precedente.
6. Capacità mineraria totale sotto gestione di 24,7 EH/s al 30 giugno 2024.
7. Piani per passare da una strategia leggera di asset a gestire un portafoglio diversificato di infrastruttura di mining di Bitcoin.
BitFuFu (NASDAQ: FUFU), un proveedor líder de servicios de minería en la nube, participó recientemente en la 26ª Conferencia Anual de Inversiones Globales H.C. Wainwright. La CFO de la empresa, Calla Zhao, presentó las iniciativas estratégicas y las perspectivas de crecimiento de BitFuFu. Los aspectos destacados incluyen:
1. Soluciones innovadoras de minería en la nube que atraen a más de 395,000 usuarios registrados.
2. Alianzas estratégicas con BITMAIN y Antpool.
3. Gestión de 522 MW de capacidad de alojamiento en 25 sitios en tres continentes.
4. Fuerte desempeño financiero con un CAGR de ingresos de tres años del 66% y un CAGR de EBITDA ajustado del 167%.
5. Ingresos totales de $273.8 millones en el primer semestre de 2024, un incremento del 104% en comparación con el año anterior.
6. Capacidad total de minería administrada de 24.7 EH/s hasta el 30 de junio de 2024.
7. Planes para pasar de una estrategia liviana de activos a gestionar un portafolio diverso de infraestructura de minería de Bitcoin.
BitFuFu (NASDAQ: FUFU)는 최근 H.C. Wainwright 제26회 연례 글로벌 투자 회의에 참여한 선도적인 클라우드 채굴 서비스 제공업체입니다. 회사의 CFO인 Calla Zhao가 BitFuFu의 전략적 이니셔티브와 성장 전망에 대해 발표했습니다. 주요 하이라이트는 다음과 같습니다:
1. 395,000명 이상의 등록 사용자들을 유치하는 혁신적인 클라우드 채굴 솔루션.
2. BITMAIN 및 Antpool과의 전략적 파트너십.
3. 세 대륙에 걸쳐 25개 사이트에서 522MW의 호스팅 용량 관리.
4. 3년 수익 CAGR 66% 및 조정 EBITDA CAGR 167%의 강력한 재무 성과.
5. 2024년 상반기 총 수익 2억 7380만 달러로, 전년 대비 104% 증가.
6. 2024년 6월 30일 기준 총 관리 채굴 용량이 24.7 EH/s.
7. 자산 경량 전략에서 비트코인 채굴 인프라의 다양한 포트폴리오 관리로 전환할 계획.
BitFuFu (NASDAQ: FUFU), un fournisseur de services de cloud mining de premier plan, a récemment participé à la 26e Conférence Annuelle Mondiale d'Investissement H.C. Wainwright. Le CFO de l'entreprise, Calla Zhao, a présenté les initiatives stratégiques et les perspectives de croissance de BitFuFu. Les points saillants incluent :
1. Solutions innovantes de cloud mining attirant plus de 395 000 utilisateurs enregistrés.
2. Partenariats stratégiques avec BITMAIN et Antpool.
3. Gestion d'une capacité d'hébergement de 522 MW à travers 25 sites sur trois continents.
4. Forte performance financière avec un CAGR des revenus de 66 % sur trois ans et un CAGR de l'EBITDA ajusté de 167 %.
5. Revenus totaux de 273,8 millions de dollars au premier semestre de 2024, soit une augmentation de 104 % par rapport à l'année précédente.
6. Capacité totale de mining sous gestion de 24,7 EH/s au 30 juin 2024.
7. Plans de transition d'une stratégie légère en actifs vers la gestion d'un portefeuille diversifié d'infrastructures de mining de Bitcoin.
BitFuFu (NASDAQ: FUFU), ein führender Anbieter von Cloud-Mining-Diensten, hat kürzlich an der 26. jährlichen Global Investment Conference von H.C. Wainwright teilgenommen. Der CFO des Unternehmens, Calla Zhao, stellte die strategischen Initiativen und Wachstumsperspektiven von BitFuFu vor. Die wichtigsten Highlights sind:
1. Innovative Cloud-Mining-Lösungen, die über 395.000 registrierte Nutzer anziehen.
2. Strategische Partnerschaften mit BITMAIN und Antpool.
3. Verwaltung einer Hosting-Kapazität von 522 MW an 25 Standorten auf drei Kontinenten.
4. Starke finanzielle Leistung mit einer dreijährigen Umsatz-CAGR von 66% und einer adjustierten EBITDA-CAGR von 167%.
5. Gesamteinnahmen von 273,8 Millionen USD in der ersten Jahreshälfte 2024, was einem Anstieg von 104% im Vergleich zum Vorjahr entspricht.
6. Gesamte verwaltete Mining-Kapazität von 24,7 EH/s zum 30. Juni 2024.
7. Pläne, von einer ressourcenschonenden Strategie zur Verwaltung eines diversifizierten Portfolios von Bitcoin-Mining-Infrastruktur zu wechseln.
- Innovative cloud-mining solutions attracting over 395,000 registered users
- Strategic partnerships with industry leaders BITMAIN and Antpool
- Management of 522 MW hosting capacity across 25 sites on three continents
- Strong financial performance with three-year revenue CAGR of 66% and adjusted EBITDA CAGR of 167%
- Total revenues of $273.8 million in H1 2024, representing a 104% year-over-year increase
- Total mining capacity under management grown to 24.7 EH/s as of June 30, 2024
- Plans to transition from asset-light strategy to managing a diverse portfolio of Bitcoin mining infrastructure
- None.
Singapore, Sept. 30, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”) a fast-growing digital asset mining service and world-leading cloud-mining service provider, today recapped its participation in the H.C. Wainwright 26th Annual Global Investment Conference held in early September in New York. During the conference, Ms. Calla Zhao, BitFuFu’s Chief Financial Officer, delivered a comprehensive presentation outlining the Company’s strategic initiatives and growth prospects, and engaged in one-on-one meetings with institutional investors.
BitFuFu’s Innovative Cloud-Mining Solutions
One of the unique differentiators of BitFuFu’s business model is its innovative cloud-mining solutions. BitFuFu stands out from many of its peers with its proprietary platform that allows users to mine Bitcoin, eliminating traditional barriers to entry and the need for costly hardware or technical expertise. This accessible solution has attracted over 395,000 registered users, including both individual and institutional clients.
BitFuFu’s cloud-mining solutions offer key benefits such as flexibility and cost-effectiveness, allowing customers to mine with minimal upfront costs an avoid issues such as hardware depreciation. This innovative approach uniquely positions BitFuFu in the mining sector.
Strategic Partnerships Fueling Growth
BitFuFu’s rapid growth is being fueled by its strategic partnerships with industry leaders such as BITMAIN and Antpool. These partnerships strengthen its reputation as a trusted player in the mining industry and enhance its competitive advantages with improved operational efficiencies and a reliable and steady pipeline of mining rigs. As of June 30, 2024, BitFuFu manages over 522 MW of hosting capacity across 25 sites on three continents, with an average fleet efficiency of 21.1 J/TH.
Financial Performance Reflects Market Confidence
BitFuFu’s financial performance over the past three years reflects its robust and growing position in the market. The Company recorded a three-year revenue CAGR of
Looking Forward: Opportunities in a Rapidly Changing Landscape
As the digital asset industry continues to evolve, BitFuFu is committed to scaling its operations and exploring new business opportunities. The Company has grown total mining capacity under management to 24.7 EH/s as of June 30, 2024, and is actively assessing new mining facilities globally to begin the transition from an asset-light strategy to one that manages a diverse and robust portfolio of Bitcoin mining infrastructure. This strategic focus on cloud mining, self-mining, and hosting services ensures that BitFuFu has the flexibility to adapt to all market cycles.
As the Company looks ahead, it remains well-equipped to meet the demands of a rapidly changing market, leveraging its innovative technology, strong partnerships, and robust financial foundation to seize new opportunities.
About BitFuFu Inc.
BitFuFu is a fast-growing digital asset mining service and world-leading cloud-mining service provider. BitFuFu received early investment from Bitmain, a world-leading digital asset mining hardware manufacturer, and remains Bitmain's sole strategic partner in the cloud mining 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 and media inquiries, please contact:
BitFuFu Investor Relations
Charley Brady
Vice President, Investor Relations
ir@bitfufu.com
Christensen Advisory
bff@christensencomms.com
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