BitFuFu Announces April 2025 Bitcoin Mining and Operation Updates

Rhea-AI Summary

BitFuFu (NASDAQ: FUFU) reported strong operational growth in April 2025. The company's total hashrate under management surged to 28.3 EH/s, marking a 37.4% month-over-month increase, with 4.2 EH/s self-owned and 24.1 EH/s from third parties. Bitcoin holdings reached 1,908 BTC, up 61 BTC from March, while monthly production totaled 209 BTC (173 BTC from cloud mining, 36 BTC from self-mining). The company expanded its power capacity to 566 MW across five continents, an 18.4% monthly increase. BitFuFu's mining services showed robust growth with 612,280 registered cloud mining users, while BitFuFuPool connected 10.9 EH/s and BitFuFuOS optimized 9.7 EH/s of hashrate.

Positive

• Total hashrate under management increased 37.4% month-over-month to 28.3 EH/s
• Power capacity grew 18.4% to 566 MW across five continents
• Bitcoin holdings increased by 61 BTC to 1,908 BTC
• Monthly Bitcoin production reached 209 BTC
• Large user base with 612,280 registered cloud mining users

Negative

• 803 BTC of holdings are pledged for loans and miner procurement payables
• Heavy reliance on third-party suppliers with only 4.2 EH/s self-owned hashrate out of 28.3 EH/s total

Insights

Cryptocurrency Mining Analyst

BitFuFu shows impressive operational growth with 37.4% increased hashrate and 18.4% expanded power capacity, demonstrating strong scaling execution.

BitFuFu's April operational update reveals remarkable month-over-month growth across key metrics. The 37.4% increase in managed hashrate to 28.3 EH/s significantly outpaces their 18.4% growth in power capacity (now 566 MW), suggesting substantial efficiency improvements in their mining infrastructure deployment.

The company's business model clearly leans toward mining services over self-mining operations. With only 4.2 EH/s self-owned hashrate versus 24.1 EH/s from third-party suppliers and hosting customers, BitFuFu operates primarily as a mining services provider. This approach allows them to scale rapidly while diversifying operational risk.

Their Bitcoin holdings strategy reveals calculated balance - they added 61 BTC to reserves (reaching 1,908 BTC) while producing 209 BTC in April. This indicates they're selling approximately 70% of monthly production, likely to fund operations and expansion while maintaining a significant BTC reserve. Notably, 803 BTC are pledged for loans and procurement, showing they're leveraging holdings to finance growth.

The cloud mining user base of 612,280 registered users represents a substantial customer foundation. Their software services' growth is equally impressive, with BitFuFuPool connecting 10.9 EH/s and BitFuFuOS optimizing 9.7 EH/s while expanding hardware compatibility to newer models.

This update highlights BitFuFu's successful execution of a multi-faceted strategy spanning infrastructure growth, software services expansion, and balanced Bitcoin accumulation - all critical performance indicators for cryptocurrency mining operations.

• Total hashrate under management reached 28.3 EH/s as of April 30, 2025, a 37.4% month-over-month increase.
• Total power capacity under management rose to 566 MW across five continents as of April 30, 2025, an 18.4% month-over-month increase.
• Bitcoin holdings increased to 1,908 BTC as of April 30, 2025.
  

SINGAPORE, May 08, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited production and mining operation updates for April 2025.

“April marked another strong month of operational progress for BitFuFu,” said Leo Lu, Chairman and CEO of BitFuFu. “We saw meaningful growth in our managed hashrate and expanded our power capacity while continuing to increase our Bitcoin holdings. We’re looking forward to engaging with the broader Bitcoin and investor community later this month at Bitcoin 2025.”

April 2025 Highlights (as of April 30, 2025)
Bitcoin Holdings and Production

• Bitcoin Held: 1,908 BTC¹, an increase of 61 BTC from March 31, 2025, attributed to self-mining operations and net Bitcoin inflow from customer payments.
• Bitcoin Production: 209 BTC in April 2025, including 173 BTC from cloud mining and 36 BTC from self-mining.

Hashrate Overview

• Total Hashrate Under Management: 28.3 EH/s, a 37.4% month-over-month increase, driven by expanded supplier partnerships and increased hash power procurement.
  • Self-Owned Hashrate: 4.2 EH/s.
  • Hashrate from Third-Party Suppliers and Hosting Customers: 24.1 EH/s.
    

Power and Infrastructure

• Total Power Capacity Under Management: 566 MW across five continents, an 18.4% month-over-month increase.
  

Mining Services

• Cloud Mining Users: 612,280 registered users as of April 30, 2025.
• Other Mining Services:
  • BitFuFuPool connected 10.9 EH/s of hashrate to the network.
  • BitFuFuOS optimized 9.7 EH/s of hashrate and added software support for Antminer’s S21+, S21 Hydro, and L9 models.

Upcoming Conferences & Events:

• May 27–29, 2025: BitFuFu will sponsor and present at Bitcoin 2025 in Las Vegas. The Company will be on-site at Booth #711.
• May 29, 2025: The Company will present at the Lytham Partners Spring 2025 Investor Virtual Conference.

About BitFuFu Inc.

BitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling data center infrastructure, and innovative mining services.

For more information, visit ir.bitfufu.com or follow BitFuFu on X @BitFuFuOfficial.

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:
BitFuFu Investor Relations: ir@bitfufu.com
Charley Brady, Vice President of Investor Relations: charley.b@bitfufu.com

For general inquiries, please contact:
BitFuFu Media Relations: pr@bitfufu.com

_______________________
¹ Includes 803 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud mining customers

FAQ

What was BitFuFu's (FUFU) Bitcoin production in April 2025?

BitFuFu produced 209 BTC in April 2025, consisting of 173 BTC from cloud mining and 36 BTC from self-mining operations.

How many Bitcoin does BitFuFu (FUFU) hold as of April 30, 2025?

BitFuFu held 1,908 BTC as of April 30, 2025, though 803 BTC are pledged for loans and miner procurement payables.

What is BitFuFu's (FUFU) total hashrate capacity as of April 2025?

BitFuFu's total hashrate under management reached 28.3 EH/s as of April 30, 2025, with 4.2 EH/s self-owned and 24.1 EH/s from third-party suppliers and hosting customers.

How much did BitFuFu's (FUFU) power capacity grow in April 2025?

BitFuFu's total power capacity increased by 18.4% month-over-month to 566 MW across five continents.

How many registered users does BitFuFu's (FUFU) cloud mining service have?

BitFuFu had 612,280 registered cloud mining users as of April 30, 2025.