March 2026 Disclaimer NASDAQ: FUFU This presentation does not constitute an offer to sell or issue or solicitation of an offer to buy or acquire securities of BitFuFu Inc. (the "Company") in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to ...

Core Insights - BitFuFu Inc. reported its full-year 2025 financial results, highlighting challenges from crypto market volatility but showing strengths in cloud-focused growth and positive adjusted EBITDA, indicating progress toward sustainable operations [2][3] Financial Performance - The company achieved full-year 2025 revenue of $475.8 million, representing a 2.7% year-over-year increase, primarily driven by cloud mining growth of 29.4% to $350.6 million [4] - BitFuFu experienced a net loss of $57.4 million in 2025, a significant decline from a net profit of $54 million in 2024, mainly due to non-cash factors such as mining equipment impairments and unrealized fair value losses [4] - Adjusted EBITDA for 2025 was positive at $8.3 million, indicating underlying operational profitability despite the GAAP net loss [4] Operational Highlights - The company produced 3,662 BTC in 2025 and held 1,830 BTC as of early 2026 [4] - The gross profit margin (before depreciation/amortization) remained stable at approximately 11.6% [4] - Operating expenses saw a significant decline year-over-year, contributing to adjusted profitability [4] Balance Sheet and Ratios - As of the end of 2025, BitFuFu had $27.8 million in cash, $149.3 million in digital assets, and $24.1 million in digital asset collateral receivables, totaling approximately $177 million in cash and digital assets [4] - The company reported a price-to-sales ratio of around 0.75 and an EV/Sales ratio of approximately 1.09, indicating reasonable valuations for a mining services player [2] - Debt-to-equity ratio was approximately 0.88, and the current ratio was about 2.58, reflecting moderate leverage and solid liquidity [2]

BitFuFu Cloud Mining Revenue Surges 29% To $351 Million Bitcoin mining firm BitFuFu (NASDAQ: FUFU) reported unaudited financial results for 2025 on Friday, highlighting a pivot toward cloud-based mining services after a volatile year for the Bitcoin (CRYPTO: $BTC) mining industry. The Singapore based company said its total revenue for 2025 rose 2.7% to $475.8 million, up from $463.3 million in 2024. The lack luster growth was primarily driven by a 29.4% surge in its cloud mining division which generated $3 ...

PresentationI would now like to turn the call over to your first speaker today, Mr. Charlie Brady. Please go ahead.Good day, and thank you for standing by. Welcome to BitFuFu Inc.'s Full Year 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.Charles BradyVice President of Investor Relations Thank you, operator. Ladies and gentlemen, good day, and welcome to BitFuFu's Full Year 2025 Earnings Conference Call. The company's financial results were ...

Financial Data and Key Metrics Changes - For the full year 2025, the company generated total revenue of $475.6 million, an increase from $463.3 million in 2024, primarily driven by growth in cloud mining solutions, mining equipment sales, and hosting services [17][18] - The company recorded a net loss of $57.4 million in 2025, compared to a net income of $54 million in 2024, attributed to a larger non-cash impairment loss on mining equipment and increased unrealized fair value losses [24][25] - Adjusted EBITDA for the full year was $8.3 million, indicating positive operational performance despite the net loss [25] Business Line Data and Key Metrics Changes - Cloud mining business generated a record $350.6 million in 2025, up over 29% from $271 million in 2024, accounting for nearly 74% of total revenue [5][18] - Self-mining revenue decreased to $63.1 million in 2025 from $157.5 million in 2024, representing about 13% of total revenue compared to 34% in 2024 [19] - Mining equipment sales increased by 76.4% year-over-year to $53.7 million, driven by strong demand for the S21 series [23] Market Data and Key Metrics Changes - The company ended 2025 with 1,778 Bitcoins, an increase from 1,720 Bitcoins at the end of 2024, and continued to build its Bitcoin treasury into 2026, reaching 1,830 Bitcoins by February 28, 2026 [12][26] - The average cash cost to mine one Bitcoin was $77,573 in 2025, reflecting a blended cost structure across self-mining operations [20] Company Strategy and Development Direction - The company focuses on a hybrid model of cloud mining and self-mining, aiming to balance upside potential and operational resilience [9][10] - Strategic priorities for 2026 include scaling cloud mining, expanding managed capacity, improving reliability through the Aladdin system, optimizing capital allocation, and building the Bitcoin treasury [16][27] - The company aims to evaluate opportunities for expanding owned capacity, particularly in North America and the Middle East, while maintaining disciplined capital allocation [26][27] Management's Comments on Operating Environment and Future Outlook - The cryptocurrency industry faced challenges in 2025, particularly for mining enterprises, due to Bitcoin price volatility, which created cash flow pressures for many participants [4][5] - The management believes that the current market environment presents opportunities for growth, particularly in acquiring infrastructure and expanding customer bases during market dips [15][16] - The company maintains a conservative debt profile and liquidity management strategy to navigate through market cycles [12][27] Other Important Information - The company successfully onboarded additional suppliers and diversified its hash rate supply to mitigate risks associated with supplier concentration [7] - The net dollar retention rate was 100% in 2025, indicating strong customer loyalty despite market fluctuations [11] Q&A Session Summary Question: Why are some customers willing to pay a premium for cloud mining services instead of buying Bitcoin directly? - Customers benefit from dollar cost averaging and cost visibility, allowing systematic exposure to Bitcoin over time [27][28] - Financial leverage through installment payments enables customers to invest more in hash rate rather than upfront Bitcoin purchases [28] - Cloud mining offers dynamic output based on network conditions, providing potential for higher returns compared to direct purchases [28][29] - Institutional customers prefer cloud mining for operational revenue recognition and compliance with stringent regulations [29][30]

BitFuFu Inc. (FUFU) came out with a quarterly loss of $0.2 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,233.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of +100%.Over the last four quarters, the company has s ...

Core Viewpoint - BitFuFu Inc. reported its unaudited financial results for the full year ended December 31, 2025, highlighting a total revenue increase of 2.7% year-over-year, driven by growth in Cloud Mining Solutions and Mining Equipment Sales, despite a decline in Self-Mining Operations revenue [2][12]. Financial Highlights - Total revenue for 2025 was $475.8 million, up from $463.3 million in 2024 [2][12]. - Revenue from Cloud Mining Solutions reached $350.6 million, a 29.4% increase from $271.0 million in 2024 [13]. - Self-Mining Operations revenue decreased to $63.1 million from $157.5 million in 2024, a decline of 60% [14]. - Mining Equipment Sales revenue increased to $53.7 million from $30.5 million in 2024 [15]. - Revenue from Other, including Hosting Services, grew to $8.4 million from $4.3 million in 2024 [16]. Operational Highlights - Total mining capacity increased by 11.1% to 26.1 EH/s as of December 31, 2025, compared to 23.5 EH/s in 2024 [9]. - Hosting capacity declined to 478 MW from 551 MW in 2024 [7]. - Cloud Mining Solutions registered users increased by 14.2% to 675,765 [9]. - Bitcoin holdings increased by 3.4% to 1,778 BTC as of December 31, 2025 [9]. Cost and Expenses - Cost of revenue in 2025 was $448.6 million, up 3.5% from $433.6 million in 2024 [17][18]. - The average cost to mine Bitcoin from Self-Mining Operations was $77,573 per BTC, compared to $47,496 per BTC in 2024 [19]. - Operating expenses decreased significantly to $15.4 million from $38.3 million in 2024, primarily due to lower share-based compensation [20]. Net Loss and Adjusted EBITDA - The company reported a net loss of $57.4 million in 2025, compared to a net profit of $54.0 million in 2024 [8][22]. - Adjusted EBITDA was $8.3 million in 2025, down from $117.9 million in 2024 [23]. Liquidity and Capital Resources - As of December 31, 2025, the company had cash and cash equivalents and digital assets totaling $177.1 million, slightly up from $175.1 million in 2024 [24].

Prestigious Annual Awards Program Celebrates a Decade of Recognizing the World’s Most Innovative Financial Technology Companies BitFuFu Named Mining Service Provider of the Year at FinTech Breakthrough Awards 2026 BitFuFu has been recognized as Mining Service Provider of the Year by the FinTech Breakthrough Awards 2026 — a testament to our industry-leading cloud mining infrastructure and commitment to making Bitcoin mining accessible at scale. SINGAPORE, March 19, 2026 (GLOBE NEWSWIRE) -- BitFuFu Inc. ( ...

Group 1 - BitFuFu Inc. produced 227 Bitcoins in February, a slight decrease from 229 in January, attributed to an 11% drop in hash rate to 26.4 exahash per second [1][3] - The company held 1,830 Bitcoins in its treasury at the end of February, an increase of 34 Bitcoins from January, and exited the month with $40 million in cash and cash equivalents [3][4] - BitFuFu reduced its outstanding borrowings on a $100 million line of credit from $40 million to $15 million as of September [3][4] Group 2 - The CEO, Leo Lu, emphasized a disciplined approach in hash rate procurement to maintain flexibility, while the cloud mining business continues to generate positive cash flow [4] - BitFuFu Inc. offers cloud mining, self-mining, and miner hosting services, and is a strategic partner of BITMAIN, providing high-performance ASIC miners [5]

Core Viewpoint - BitFuFu Inc. is set to release its full year financial results for the period ended December 31, 2025, on March 20, 2026, before the U.S. market opens [1] Group 1: Financial Results Announcement - The earnings conference call will take place at 8:00 a.m. U.S. Eastern Daylight Time on March 20, 2026 [1] - Participants must register in advance to join the conference call, receiving a confirmation email with dial-in numbers and a unique access PIN [2] Group 2: Company Overview - BitFuFu Inc. is recognized as a world-leading Bitcoin miner and innovator in mining services [3] - The company focuses on empowering the global Bitcoin network through its cloud mining platform and rapidly scaling infrastructure [3]