BitFuFu (NASDAQ: FUFU) details April 2026 Bitcoin output, hashrate shift
Rhea-AI Filing Summary
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.
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Insights
BitFuFu saw lower April output but kept costs and core hashrate stable.
BitFuFu attributes April’s drop in Bitcoin production to two factors: a power outage at its Ethiopia site and a conscious decision not to renew some third-party hashrate contracts whose economics would have pressured margins in April’s price environment.
Total hashrate declined from 25.9 EH/s in March to 22.4 EH/s in April, but self-owned hashrate stayed at 3.3 EH/s, and average cash-based self-mining cost was about $59,000 per BTC. This suggests the core fleet remained intact while variable capacity was trimmed.
Bitcoin holdings rose from 1,794 BTC to 1,812 BTC as the company continued to accumulate rather than sell, even as some peers reportedly reduced holdings. Future disclosures on power stability at the Ethiopia facility and any re-expansion of managed hashrate will clarify how quickly production can recover.
Key Figures
Key Terms
hashrate financial
cloud mining financial
Average Fleet Efficiency technical
forward-looking statements regulatory
store of value financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission file number: 001-41972
BitFuFu Inc.
(Exact Name of Registrant as Specified in Its Charter)
7 Temasek Boulevard
Suntec Tower 1, #11-01
Singapore 038987
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
INCORPORATION BY REFERENCE
This current report on Form 6-K is hereby incorporated by reference in the registration statements of BitFuFu Inc. on Form F-3 (No. 333-278207, No. 333-286356, No. 333-288554, and No. 333-291353), to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | BitFuFu Announces April 2026 Bitcoin Production and Operational Updates |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BitFuFu Inc. | ||
| Date: May 14, 2026 | By: | /s/ Leo Lu |
| Name: | Leo Lu | |
| Title: | Chairman of Board of Directors and Chief Executive Officer | |
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Exhibit 99.1
BitFuFu Announces April 2026 Bitcoin Production and Operational Updates
SINGAPORE, May 14, 2026 (GLOBE NEWSWIRE) — BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited Bitcoin production and operational metrics for April 2026.
“April presented us with two distinct headwinds: an unexpected power outage at our Ethiopia facility and a deliberate recalibration of our third-party hashrate procurement, which weighed on our monthly production figures,” said Leo Lu, Chairman and CEO of BitFuFu. “Importantly, this reflects disciplined decision-making, not structural weakness. Our self-owned hashrate held steady at 3.3 EH/s, and our average cash-based self-mining cost per BTC in April was approximately $59,000.
“On procurement, we chose not to renew certain third-party contracts where economics would have pressured margins given April's Bitcoin price environment. Preserving profitability is a strategic priority, and we will not pursue hashrate growth at the expense of unit economics.
“Our Ethiopia facility has been operating under improved power conditions since May 2, and as market conditions improve, we believe we are well-positioned to scale our managed hashrate as opportunities meet our return thresholds. Notably, while some miners have sold down, or in certain cases exited, their Bitcoin holdings in recent months, we continued to add to our Bitcoin holdings, which increased to 1,812 BTC during the month, reflecting our continued conviction in Bitcoin as a long-term store of value. We enter May with operational clarity, a stronger balance sheet, and the flexibility to accelerate growth when the risk-reward warrants it.”
April 2026 Highlights (as of April 30, 2026)
| April 2026 | March 2026 | |
| Bitcoin Held | 1,812 BTC | 1,794 BTC |
| Bitcoin Production | 145 BTC | 214 BTC |
| Daily Bitcoin Production | 4.8 BTC | 6.9 BTC |
| Self-Mining Production | 32 BTC | 43 BTC |
| Cloud Mining Production | 113 BTC | 171 BTC |
| Hashrate | 22.4 EH/s | 25.9 EH/s |
| Self-Owned Hashrate | 3.3 EH/s | 3.3 EH/s |
| Hashrate from Third-Party Suppliers and Hosting Customers | 19.1 EH/s | 22.6 EH/s |
| Average Fleet Efficiency | 18.1 J/TH | 17.7 J/TH |
| Power Capacity | 404 MW | 457 MW |
BitFuFu Announces April 2026 Bitcoin Production and Operational Updates
Bitcoin Holdings and Production:
| ● | Bitcoin Held: 1,812 BTC1, an increase of 18 BTC from March 31, 2026. |
| ● | Bitcoin Production: 145 BTC (including 113 BTC from cloud mining and 32 BTC from self-mining). The month-over-month decline in BTC production was primarily driven by (1) a power outage at the Ethiopia facility that reduced managed hashrate uptime and (2) lower third-party hashrate procurement following contract expirations, as the Company adjusted purchasing levels in response to April Bitcoin price conditions to preserve profitability. |
Hashrate Overview:
| ● | Total Hashrate Under Management: 22.4 EH/s, a month-over-month decrease of 13.5%. |
| o | Self-Owned Hashrate2: 3.3 EH/s. |
| o | Hashrate from Third-Party Suppliers and Hosting Customers2: 19.1 EH/s. |
| ● | Average Fleet Efficiency: 18.1 J/TH |
Power and Infrastructure:
| ● | Total Power Capacity Under Management: 404 MW, a month-over-month decrease of 11.6%. |
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 infrastructure, and innovative mining services.
For more information, visit ir.bitfufu.com or follow BitFuFu on X @BitFuFuOfficial.
| 1 | Includes 238 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud mining customers. |
| 2 | Hashrate may be used for both self-mining and cloud mining. |
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BitFuFu Announces April 2026 Bitcoin Production and Operational Updates
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.
Investor Contact:
BitFuFu Investor Relations
ir@bitfufu.com
Charley Brady
Vice President, Investor Relations:
charley.b@bitfufu.com
Media Contact:
BitFuFu Media Relations
pr@bitfufu.com
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