BITFUFU SEC Filings

Bitfufu Inc. Chief Financial Officer Calla Zhao acquired 56,000 Class A ordinary shares through the vesting and conversion of previously granted restricted share units (RSUs) at no cash cost. After this transaction, Zhao directly holds 491,000 Class A shares and 168,000 RSUs that continue to vest annually from a 224,000 RSU award.

Bitfufu Inc. director Zheng Yeeli Hua acquired 17,500 Class A ordinary shares through vesting of restricted share units. The shares, with a stated price of $0.00 per share, were delivered upon vesting of 17,500 out of a 35,000-RSU equity award.

The RSUs vest in two equal annual installments over a two-year period starting from July 1, 2026, subject to the director’s continued service. After this transaction, the reporting person holds 17,500 Class A ordinary shares directly, with the remaining RSUs scheduled to vest later if service conditions are met.

Bitfufu Inc. Senior Vice President Celine Lu reported the vesting of 120,000 Restricted Share Units, which converted into 120,000 Class A ordinary shares at a price of $0.00 per share. After this transaction, she directly holds 1,141,500 Class A ordinary shares.

The RSUs are part of a 480,000-unit award that vests in four equal annual installments starting from July 1, 2026, subject to her continued service. Each RSU represents a contingent right to receive one Class A ordinary share, and 360,000 RSUs remain credited to her account following this vesting event.

Bitfufu Inc. director Cui Joshua Kewei reported the vesting of restricted share units into ordinary shares. On July 1, 2026, 17,500 RSUs vested, delivering 17,500 Class A ordinary shares directly to the reporting person at an exercise price of $0.0000 per share.

These shares come from a prior award of 35,000 RSUs. The remaining 17,500 RSUs are scheduled to vest in two equal annual instalments over a two-year period starting from July 1, 2026, contingent on continued service. Each RSU represents the right to receive one Class A share.

Bitfufu Inc. director Liu Huaiyu acquired 17,500 Class A ordinary shares through vesting of restricted share units. On July 1, 2026, 17,500 Class A ordinary shares were issued at a stated price of $0.00 per share following the exercise or conversion of derivative securities.

The 17,500 shares came from 35,000 restricted share units previously awarded to Liu Huaiyu. According to the terms, the RSUs vest per annum in two equal instalments over a two-year period starting from July 1, 2026, subject to continued service. Following this transaction, Liu Huaiyu holds 17,500 Class A ordinary shares directly.

BitFuFu Inc. reported that its board approved a share repurchase program under which the company may buy back up to US$5 million of its Class A ordinary shares. The program runs for 24 months starting June 24, 2026 and will be funded with existing cash and cash equivalents.

The company says the plan is intended to show confidence in its long-term prospects and support shareholder value, while it continues to invest in global mining infrastructure and hashrate capacity.

BitFuFu Inc. reported its May 2026 Bitcoin operating metrics, highlighting a strategic shift toward self-mining. Total Bitcoin production reached 177 BTC in May, up 22.1% from 145 BTC in April, while daily output increased to 5.7 BTC from 4.8 BTC.

Self-mining production nearly tripled to 90 BTC from 32 BTC, exceeding cloud mining production of 87 BTC. Management described this as a deliberate move to accumulate Bitcoin in the current price environment. Bitcoin holdings rose to 1,855 BTC as of May 31, 2026, including 119 BTC pledged for loans.

Operationally, BitFuFu reported total hashrate of 19.5 EH/s versus 22.4 EH/s in April, with self-owned hashrate at 3.2 EH/s and third-party and hosting hashrate at 16.3 EH/s. Average fleet efficiency improved to 17.8 J/TH from 18.1 J/TH, and power capacity stood at 346 MW compared with 404 MW in April.

BitFuFu Inc. reported unaudited first quarter 2026 results showing lower revenue and a significantly wider loss. Total revenue was $72.7 million, down 6.8% from $78.0 million a year earlier, as self‑mining and equipment sales declined while cloud mining and hosting grew.

Cloud Mining Solutions revenue rose to $57.5 million and contributed 79% of total revenue, helped by higher hashrate allocation, and the company achieved a net dollar retention rate of 85.7%. Self‑mining revenue fell to $11.4 million, reflecting higher network difficulty and an 18.2% drop in average Bitcoin price to $76,500. A larger fair value loss on digital assets drove net loss to $35.0 million, with Adjusted EBITDA at negative $34.4 million. BitFuFu ended the quarter with $141.5 million in cash and digital assets and 1,794 BTC, while hashrate under management increased to 25.9 EH/s.

BitFuFu Inc. reported unaudited Bitcoin production and operational metrics for April 2026. The company produced 145 BTC in April versus 214 BTC in March, with daily production averaging 4.8 BTC compared with 6.9 BTC in March. Self-mining contributed 32 BTC and cloud mining 113 BTC.

Management cited an unexpected power outage at its Ethiopia facility and a deliberate reduction in third-party hashrate procurement as key headwinds. Total hashrate was 22.4 EH/s in April, down from 25.9 EH/s, while self-owned hashrate held steady at 3.3 EH/s. Bitcoin holdings increased from 1,794 BTC to 1,812 BTC, and average cash-based self-mining cost per BTC was about $59,000.