Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [2][3] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and remains a strategic partner in the Bitcoin mining space [2] Recent Developments - BitFuFu announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 21, 2025 [1] Business Focus - The company is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [3] - BitFuFu leverages its expanding global mining facility network and strategic partnership with BITMAIN to enable efficient mining for institutional customers and digital asset enthusiasts [3]

Core Insights - BitFuFu Inc. reported an increase in Bitcoin holdings and production for March 2025, highlighting its operational efficiency and market resilience amid macroeconomic risks [3][8][9] Bitcoin Holdings and Production - As of March 31, 2025, BitFuFu held 1,847 Bitcoins, an increase of 47 BTC from the end of February 2025 [8][9] - The company produced a total of 234 BTC in March 2025, which included 58 BTC from self-mining operations and 176 BTC for cloud-mining customers [8][9] - Self-mining production remained unchanged at 58 BTC, while cloud-mining production saw a 9% increase from February 2025 [9] Hashrate Management - Total hashrate under management reached 20.6 EH/s as of March 31, 2025, with self-owned hashrate increasing by 1.1 EH/s or 35% compared to the previous month [9] - The company has a total power management capacity of 478 MW [5] Miner Energization - Most of the 2,000 S21 XP miners and 4,000 S21+ miners ordered in late 2024 have been energized in the company's secured datacenters in the U.S. by the end of March 2025, contributing to the increased self-owned mining capacity [8][9] Cloud-Mining Growth - The number of registered users for cloud-mining services reached 607,377 as of March 31, 2025 [6] Upcoming Conferences & Events - BitFuFu is scheduled to present at the Jefferies Power x Coin Virtual Conference on April 16, 2025, and participate in Bitcoin 2025 in Las Vegas from May 27-29, 2025 [10]

Investors might want to bet on BitFuFu Inc. (FUFU) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.T ...

BitFuFu Inc. (NASDAQ: FUFU ), a Singapore-based global leader in Bitcoin mining, has recently released its full-year financial results for 2024. The company was established in 2020 and has been showing substantial sales growth since then. It received early investmentA research analyst and a freelance writer looking for value investment opportunities. I have several years of investing experience. I am mostly interested in writing about bargain stocks of large companies. My interest is not limited to American ...

BitFuFu (NASDAQ: FUFU ) has been the recent breakout miner and has shown impressive growth and expanding market presence. From being a recently listed mining stock, BitFuFu has so far cemented its place among established Bitcoin ( BTC-USD ) minersMandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto investi ...

BitFuFu Inc. (NASDAQ:FUFU) Q4 2024 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Charley Brady - Vice President, Investor Relations. Lu Leo - Chairman and CEO Calla Zhao - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to BitFuFu’s Full Year 2024 Earnings Conference Call. All participants are in a listen only mode. Please be advised today’s conference is being recorded. I’d now like to hand the conference over to your f ...

Core Insights - BitFuFu Inc. reported strong financial performance for the year 2024, with total revenue reaching US$463.3 million, a 63.1% increase from US$284.1 million in 2023, driven by growth in both cloud-mining and self-mining operations [7][11] - The company transitioned to a hybrid model combining asset-light operations with ownership of data center assets, securing 164 MW of capacity and aiming for an additional 1 GW by the end of 2026 [3][4] - BitFuFu's cloud mining business saw significant user growth, with nearly 600,000 registered users by the end of 2024, nearly double from the previous year [3][8] Financial Highlights - Total revenue for 2024 was US$463.3 million, up 63.1% from US$284.1 million in 2023 [7][11] - Revenue from cloud-mining solutions was US$271.0 million, a 52.2% increase from US$178.0 million in 2023 [7][12] - Revenue from Bitcoin self-mining operations reached US$157.5 million, a 57.2% increase from US$100.2 million in 2023 [7][13] - Net income surged to US$54.0 million, a 414.3% increase from US$10.5 million in 2023 [7][24] - Adjusted EBITDA was US$117.5 million, reflecting an increase of 181.8% from US$41.7 million in 2023 [7][25] Operational Highlights - Hosting capacity increased to 551 MW as of December 31, 2024, compared to 515 MW in 2023 [8][9] - Total mining capacity rose by 2.6% to 23.5 EH/s as of December 31, 2024 [8][9] - Cloud-mining registered users increased by 94.5% to 591,751 as of December 31, 2024 [8][9] - Bitcoin production from self-mining operations decreased by 29.1% to 2,537 BTCs in 2024 [8][9] - The average cost to mine BTC from self-mining operations was US$47,496 per BTC, compared to US$28,200 per BTC in 2023 [8][10] Strategic Outlook - For 2025, BitFuFu expects mining capacity to reach approximately 33 EH/s and hosting capacity between 650 MW to 800 MW by year-end [4] - The company plans to optimize its cost structure through the acquisition of data centers with competitive electricity pricing and fleet upgrades [4] - BitFuFu remains confident in the long-term value of Bitcoin and aims to enhance value for customers and shareholders [4]

Core Viewpoint - BitFuFu Inc. is set to release its full year financial results for the year ended December 31, 2024, on March 25, 2025, before U.S. markets open [1] Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, offering one-stop solutions including cloud-mining [3] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and maintains a strategic partnership with BITMAIN in the Bitcoin mining sector [3] Services and Infrastructure - BitFuFu is committed to creating a secure, compliant, and transparent blockchain infrastructure, providing a range of stable and intelligent digital asset mining solutions to a global customer base [4] - The company leverages its expanding global mining facility network and its partnership with BITMAIN to enable efficient mining for institutional customers and digital asset enthusiasts [4]

Core Viewpoint - BitFuFu Inc. has been included in the newly launched Bitwise Bitcoin Standard Corporations ETF, which tracks companies holding at least 1,000 BTC in their corporate treasuries [1][2]. Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, offering one-stop solutions including cloud-mining [5][6]. - The company has a strategic partnership with BITMAIN, a leading digital asset mining hardware manufacturer, which supports its operations in the Bitcoin mining sector [5][6]. ETF Inclusion Details - At the launch of the Bitwise Bitcoin Standard Corporations ETF, BitFuFu ranked among the top 10 holdings, representing 4.03% of the fund's assets, with a total of 1,800 BTC held as of February 28, 2025 [3][4]. - The ETF provides investors exposure to firms that have adopted Bitcoin as a strategic reserve asset, ensuring diversified exposure to companies integrating Bitcoin into their financial frameworks [2]. Strategic Vision - The inclusion in the ETF is viewed as a testament to BitFuFu's strategic approach to Bitcoin investment and infrastructure development, reinforcing the company's long-term vision and confidence in Bitcoin as a transformative asset class [4].

Core Viewpoint - BitFuFu Inc. has been included in the newly launched Bitwise Bitcoin Standard Corporations ETF, which tracks companies holding at least 1,000 BTC in their corporate treasuries [1][2]. Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, offering one-stop solutions including cloud-mining [5][6]. - The company has a strategic partnership with BITMAIN, a leading digital asset mining hardware manufacturer, which supports its operations in the Bitcoin mining sector [5][6]. ETF Inclusion Details - At the launch of the Bitwise Bitcoin Standard Corporations ETF, BitFuFu ranked among the top 10 holdings, representing 4.03% of the fund's assets, with a total of 1,800 BTC held as of February 28, 2025 [3][4]. - The ETF provides investors exposure to firms that have adopted Bitcoin as a strategic reserve asset, ensuring diversified exposure to companies integrating Bitcoin into their financial frameworks [2]. Strategic Vision - The inclusion in the ETF is viewed as a testament to the company's strategic approach to Bitcoin investment and infrastructure development, reinforcing its long-term vision and confidence in Bitcoin as a transformative asset class [4].