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) is a Bitcoin miner and mining services innovator that regularly publishes detailed operational and financial updates. On this news page, readers can follow the company’s announcements on Bitcoin production, hashrate under management, power capacity, and the performance of its cloud mining and self-mining operations.
BitFuFu issues monthly production and operational updates that break down Bitcoin held, Bitcoin produced from cloud mining and self-mining, total hashrate under management, self-owned hashrate, hashrate from third-party suppliers and hosting customers, average fleet efficiency, and total power capacity under management. These releases also highlight trends in its registered cloud mining user base and any changes in pledged Bitcoin balances.
The company also releases quarterly financial results, including segment revenue from cloud mining solutions, self-mining operations, mining equipment sales, and other revenue. These earnings announcements discuss profitability metrics, digital asset gains or losses, liquidity, and the impact of Bitcoin price movements and network difficulty on the business.
In addition to production and earnings news, BitFuFu announces sponsorships and participation in major Bitcoin and blockchain conferences in regions such as the United States and the Middle East. These items describe how the company presents its one-stop mining platform, hosted mining offerings, and broader strategy for supporting Bitcoin infrastructure.
Investors and observers can use this page to monitor BitFuFu’s ongoing disclosures about its Bitcoin mining operations, customer-facing mining services, and corporate activities, all drawn from its official press releases and related communications.
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.
BitFuFu (NASDAQ: FUFU) has signed a letter of intent to acquire a majority stake in a 51-megawatt Bitcoin mining facility in Oklahoma, United States. The facility features completed power and mining infrastructure, with a reliable grid power supply at approximately 3 cents per kilowatt-hour.
The facility, located in an unpopulated area, operates air-cooled Bitcoin miners and has demonstrated high hashrate efficiency. The transaction is expected to close in the first half of 2025, subject to definitive agreement, financial and legal due diligence, and other closing conditions.
This strategic move aligns with BitFuFu's North American expansion strategy and their 1GW global power capacity build-up plan, aiming to secure long-term, low-cost power access while strengthening their position in Bitcoin mining.
BitFuFu (NASDAQ: FUFU) has launched BitFuFuOS, a new software service designed to increase mining earnings by up to 20%. The software provides overclocking and underclocking modes that allow miners to optimize operations based on temperature conditions, power availability, and market conditions.
The service is compatible with 10 mainstream mining rigs, including Antminer S21, T21, and S19 XP models. BitFuFuOS integrates miners, hosting, mining pools, and software services to deliver a comprehensive one-stop mining experience. The platform is supported by a professional team for user assistance and prompt issue resolution, catering to both novice and experienced miners.