BitFuFu Surpasses 520,000 Registered Cloud-Mining Users
BitFuFu (NASDAQ: FUFU) announced reaching over 520,000 registered cloud-mining users, marking significant growth since launching its cloud-mining website in December 2020 and mobile APP in October 2021. The company has achieved a 67% compound annual growth rate in user registration, attracting users from over 150 countries, primarily from Asia-Pacific and Europe. In November 2024, BitFuFu enhanced its platform by revamping both its website and mobile app to improve user experience. The company positions itself as a global leader in Bitcoin mining and comprehensive mining services, focusing on making digital asset mining more accessible and efficient.
BitFuFu (NASDAQ: FUFU) ha annunciato di aver superato 520.000 utenti registrati per il mining su cloud, segnando una crescita significativa dalla lancio del suo sito di mining su cloud nel dicembre 2020 e dell'app mobile nell'ottobre 2021. L'azienda ha registrato un tasso di crescita annuale composto del 67% nelle registrazioni degli utenti, attirando utenti da oltre 150 paesi, principalmente dall'Asia-Pacifico e dall'Europa. Nel novembre 2024, BitFuFu ha potenziato la sua piattaforma ristrutturando sia il sito web che l'app mobile per migliorare l'esperienza utente. L'azienda si posiziona come un leader globale nel mining di Bitcoin e nei servizi di mining completi, concentrandosi su come rendere il mining di asset digitali più accessibile ed efficiente.
BitFuFu (NASDAQ: FUFU) anunció que ha superado los 520,000 usuarios registrados de minería en la nube, marcando un crecimiento significativo desde el lanzamiento de su sitio web de minería en la nube en diciembre de 2020 y de su aplicación móvil en octubre de 2021. La empresa ha alcanzado una tasa de crecimiento anual compuesta del 67% en el registro de usuarios, atrayendo a personas de más de 150 países, principalmente de Asia-Pacífico y Europa. En noviembre de 2024, BitFuFu mejoró su plataforma renovando tanto su sitio web como su aplicación móvil para optimizar la experiencia del usuario. La empresa se posiciona como un líder global en la minería de Bitcoin y en servicios de minería integrales, enfocándose en hacer que la minería de activos digitales sea más accesible y eficiente.
BitFuFu (NASDAQ: FUFU)는 52만 명 이상의 클라우드 채굴 등록 사용자를 달성했다고 발표하며, 2020년 12월 클라우드 채굴 웹사이트와 2021년 10월 모바일 APP을 출시한 이후 상당한 성장을 기록했습니다. 이 회사는 사용자 등록에서 67%의 연평균 성장률을 달성했으며, 주요 고객층은 아시아-태평양 및 유럽을 포함해 150개국 이상에서 유입되었습니다. 2024년 11월, BitFuFu는 사용자 경험을 개선하기 위해 웹사이트와 모바일 앱을 모두 리뉴얼하여 플랫폼을 향상시켰습니다. 이 회사는 비트코인 채굴과 종합 채굴 서비스의 글로벌 리더로 자리매김하며, 디지털 자산 채굴을 보다 접근 가능하고 효율적으로 만드는 데 집중하고 있습니다.
BitFuFu (NASDAQ: FUFU) a annoncé avoir dépassé 520 000 utilisateurs enregistrés pour le mining dans le cloud, marquant une croissance significative depuis le lancement de son site web de mining dans le cloud en décembre 2020 et de son application mobile en octobre 2021. L'entreprise a atteint un taux de croissance annuel composé de 67% en matière d'inscriptions d'utilisateurs, attirant des utilisateurs de plus de 150 pays, principalement d'Asie-Pacifique et d'Europe. En novembre 2024, BitFuFu a amélioré sa plateforme en rénovant à la fois son site web et son application mobile pour optimiser l'expérience utilisateur. L'entreprise se positionne comme un leader mondial dans le mining de Bitcoin et dans les services de mining complets, se concentrant sur la facilitation de l'accès et l'efficacité du mining d'actifs numériques.
BitFuFu (NASDAQ: FUFU) gab bekannt, dass es über 520.000 registrierte Nutzer für Cloud-Mining erreicht hat, was ein signifikantes Wachstum seit der Einführung seiner Cloud-Mining-Website im Dezember 2020 und der mobilen App im Oktober 2021 markiert. Das Unternehmen hat eine jährliche Wachstumsrate von 67% bei den Nutzeranmeldungen erreicht und zieht Nutzer aus über 150 Ländern an, hauptsächlich aus Asien-Pazifik und Europa. Im November 2024 verbesserte BitFuFu seine Plattform durch ein Redesign sowohl der Website als auch der mobilen App, um die Nutzererfahrung zu optimieren. Das Unternehmen positioniert sich als globaler Marktführer im Bitcoin-Mining und in umfassenden Mining-Dienstleistungen mit dem Ziel, das Mining digitaler Vermögenswerte zugänglicher und effizienter zu gestalten.
- Achieved 67% CAGR in user registration growth
- Expanded user base to over 520,000 registered users
- Geographic diversification across 150+ countries
- Platform enhancement through website and mobile app revamp in November 2024
- None.
Insights
BitFuFu's achievement of 520,000 registered cloud-mining users, growing at a <percent>67%</percent> CAGR, reveals significant market penetration in the cryptocurrency mining sector. The geographic diversification across 150+ countries, particularly in Asia-Pacific and Europe, indicates robust international market acceptance and reduced regional concentration risk. The platform's growth trajectory suggests strong product-market fit in the cloud mining space, though the real metric to watch would be active users and revenue per user rather than just registered accounts.
The recent platform upgrade in November 2024 signals a strategic focus on user retention and engagement - critical factors in the highly competitive crypto mining market. However, the current market cap of <money>$840.5 million</money> appears modest relative to the user base, suggesting either monetization challenges or market skepticism about cloud mining business models. The timing of this announcement, amid Bitcoin's recent price surge and the upcoming halving event, positions BitFuFu to potentially capitalize on renewed interest in crypto mining.
The platform's three-year evolution from website to mobile app demonstrates an adaptable technical infrastructure. The recent UI/UX overhaul indicates BitFuFu is prioritizing mobile-first development - a important strategy given that mobile devices account for over 55% of crypto trading activities. However, the announcement lacks specific details about technical improvements or operational metrics like hash rate contribution, mining efficiency, or platform uptime statistics.
Cloud mining platforms face inherent technical challenges including transparency of mining operations, security of user funds and maintaining competitive mining costs against direct hardware ownership. BitFuFu's user growth suggests they've addressed some of these concerns, but investors should note that registered user metrics alone don't necessarily translate to platform stability or profitability. The help center link indicates a focus on user education, essential for reducing support overhead and improving user retention in technical products.
SINGAPORE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that its registered cloud-mining users surpassed 520,000.
Since launching its cloud-mining website in December 2020 and mobile APP in October 2021, BitFuFu’s registered users have grown at a compound annual growth rate (CAGR) and YoY% of
In November 2024, BitFuFu revamped its website and mobile app to significantly enhance the user experience and empower users with cutting-edge, user-friendly solutions tailored to their needs.
"The growth in our user base demonstrates the tangible value we deliver to our users and highlights the resilience of our business model across market cycles." said Leo Lu, Chairman and CEO of BitFuFu." This achievement reflects our unwavering dedication to empowering users by making digital asset mining simpler, more efficient, and accessible to all. Looking ahead, we will continue to innovate and set new benchmarks, driving the next wave of transformation in digital asset mining."
For more information about BitFuFu's services and rules for registration, please visit the help center: https://help.bitfufu.com/en/
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 and media inquiries, please contact:
BitFuFu Investor Relations
Charley Brady
Vice President, Investor Relations
BitFuFu Media Relations
FAQ
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