比特币市场动态可能间接影响公司业务。Tiger Research在2026年1月的报告中设定了比特币2026年第一 季度目标价为185,500美元，并指出监管进展（如《CLARITY法案》审议）和流动性扩张为行业潜在催 化剂。此类宏观因素可能对比特富富的云挖矿及自营挖矿业务产生环境性影响。 经营状况 公司最近一期财报为2025年第三季度数据（截至2025年9月30日），显示总营收1.8亿美元，净利润1156 万美元，总算力达36.0 EH/s。投资者可关注后续季度财报的发布计划（如2025年第四季度或2026年第一 季度业绩），但具体公告日期需以公司官方信息为准。 经济观察网 基于截至2026年2月18日的公开信息，比特富富（FUFU.us）有以下值得关注的事件动态： 业务进展情况 公司正推进现实世界资产（RWA）合作，通过合规框架探索算力代币化，以扩大目标市场和客户群 体。同时，比特富富积极评估在加拿大利用低成本天然气发电的可行性，计划启动两个天然气动力挖矿 试点项目，旨在优化运营成本并提升算力稳定性。 行业政策与环境 以上内容基于公开资料整理，不构成投资建议。 ...

该股在近期出现波动，例如在2026年2月11日股价下跌4.14%，收盘报2.55美元，成交量较低显示市场参 与度有限。此前，在2026年1月9日和1月2日分别录得5.30%和5.66%的涨幅。基本面方面，公司2025年 第三季度财报显示营收1.81亿美元，净利润1154万美元，但毛利率仅3.96%，盈利能力仍待提升。 以上内容基于公开资料整理，不构成投资建议。 经济观察网根据截至2026年2月13日的公开信息，比特富富(FUFU.US)暂未披露明确的未来重大事件时 间表(如下一期财报预计发布日期、投资者会议等)。 股票近期走势 ...

Core Insights - BitFuFu Inc. reported an increase in Bitcoin production and operational metrics for January 2026, highlighting growth in managed hashrate and power capacity while maintaining fleet efficiency [2][4]. Bitcoin Holdings and Production - As of January 31, 2026, BitFuFu holds 1,796 BTC, an increase of 16 BTC from December 2025 [6]. - The company produced 229 BTC in January 2026, a month-over-month increase of 41 BTC, with 183 BTC from cloud mining and 46 BTC from self-mining [7][4]. Hashrate Overview - Total hashrate under management reached 29.6 EH/s, reflecting a year-over-year increase of 46.5% and a month-over-month increase of 13.4% [12]. - Power capacity under management is 520 MW, which represents a year-over-year increase of 22.6% and a month-over-month increase of 8.8% [8][12]. - Average fleet efficiency improved to 17.5 J/TH, a decrease of 0.8 J/TH from the previous month [12]. Upcoming Events - BitFuFu will participate in the 38th Annual ROTH Conference from March 22-24, 2026, in Dana Point, CA [9].

Core Viewpoint - BitFuFu Inc. is set to participate in the DealFlow Discovery Conference on January 28-29, 2026, where the Vice President of Investor Relations will present and hold one-on-one meetings with investors [1]. Company Overview - BitFuFu Inc. is recognized as a leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its advanced cloud mining platform and rapidly scaling infrastructure [2].

Core Insights - BitFuFu released an unaudited operational update for the period ending December 2025, indicating significant mining activity and changes in Bitcoin holdings [1] Group 1: Mining Performance - In the month reported, the company mined a total of 188 Bitcoins, with cloud mining contributing 151 Bitcoins and self-mining contributing 37 Bitcoins [1] - For the entire year of 2025, the company mined a total of 3,662 Bitcoins [1] Group 2: Bitcoin Holdings - As of December 31, the company's Bitcoin holdings amounted to 1,780 Bitcoins, reflecting an increase of 16 Bitcoins from the previous month [1] - The amount of staked Bitcoins decreased from 620 Bitcoins to 274 Bitcoins, aimed at enhancing the liquidity and available Bitcoin on the balance sheet [1]

Core Insights - BitFuFu Inc. reported a total of 3,662 BTC mined in 2025, with a focus on building its Bitcoin treasury and enhancing customer value through reliable mining services [2][9] - The company expressed optimism for 2026, citing recent Bitcoin price strength and improved liquidity as key factors [2] Bitcoin Holdings and Production - As of December 31, 2025, BitFuFu held 1,780 BTC, an increase of 16 BTC from November 30, 2025 [10] - The company pledged 274 BTC, a decrease from 620 BTC, which enhances its balance sheet and liquidity [10] - In December 2025, BitFuFu produced 188 BTC, with 151 BTC from cloud mining and 37 BTC from self-mining [10] Hashrate Overview - BitFuFu managed a total hashrate of 26.1 EH/s, which remained largely unchanged from the previous month [9][10] - The self-owned hashrate was reported at 3.7 EH/s, while hashrate from third-party suppliers and hosting customers accounted for 22.4 EH/s [10] - The average fleet efficiency was 18.3 J/TH, also largely unchanged from the previous month [10] Power and Infrastructure - The total power capacity under management was 478 MW, which remained stable compared to the previous month [3][9]

Core Insights - BitFuFu Inc. has been recognized as one of the TOP 100 Next Generation Companies of 2025 by the World Future Awards, highlighting its role in shaping the future through innovation and excellence [2][3] Company Recognition - The World Future Awards praised BitFuFu for its dedication to innovation and excellence, stating that the company embodies high standards in creativity and effectiveness [3] - Other notable awardees include companies like Waymo, Revolut, and UniPath, indicating BitFuFu's standing among leading innovators [3] Selection Criteria - The selection process for the awards involved a comprehensive research methodology that evaluated market data, company disclosures, press coverage, expert recommendations, and social media insights [4] - Strict criteria were applied to identify companies demonstrating exceptional innovation, reputation, and sustainability [4] Company Performance - As of October 31, 2025, BitFuFu managed a total hashrate of 30.5 EH/s, operated 555 MW of global power capacity, and held 1,953 BTC in treasury [6] - The company has reached 648,221 registered cloud mining users, reinforcing its position as the largest and most trusted cloud mining platform [6] Technological Innovations - BitFuFu is recognized for its pioneering contributions to Bitcoin mining, including making cloud mining accessible to both retail users and institutions [6] - The company utilizes advanced proprietary technology, such as the patented Aladdin system, which manages millions of miners with over 95% uptime [6] Future Commitments - The company aims to continue scaling its global digital infrastructure and advancing next-generation mining technologies while promoting sustainable energy practices [7] - BitFuFu is focused on linking Bitcoin mining with global capital markets through financial innovations, including the tokenization of hashrate as a real-world asset [10]

Core Insights - BitFuFu Inc. has been recognized as one of the TOP 100 Next Generation Companies of 2025 by the World Future Awards, highlighting its role in shaping the future through innovation and excellence [2][3] - The award acknowledges BitFuFu's contributions to technological and economic progress in the Bitcoin mining sector, alongside other notable companies like Waymo and Revolut [3] Company Recognition - The World Future Awards praised BitFuFu for its dedication to innovation and excellence, emphasizing its high standards in creativity and influence within the industry [3][4] - The selection process for the award involved a comprehensive evaluation of market data, company disclosures, and expert recommendations, ensuring that only companies demonstrating exceptional innovation and impact were recognized [4] Company Performance - As of October 31, 2025, BitFuFu managed a total hashrate of 30.5 EH/s, operated 555 MW of global power capacity, and held 1,953 BTC in treasury [6] - The company has a registered user base of 648,221 cloud mining users, reinforcing its position as the largest and most trusted cloud mining platform globally [6] Technological Innovations - BitFuFu is recognized for its pioneering contributions to Bitcoin mining, including making cloud mining accessible to both retail users and institutions [6] - The company utilizes advanced proprietary technology, such as the patented Aladdin system, which manages millions of miners with over 95% uptime and precision hash routing [6] Future Commitments - The company aims to continue scaling its global digital infrastructure and advancing next-generation mining technologies, focusing on sustainable energy deployment and financial innovations [7][10] - BitFuFu is committed to promoting sustainable mining practices by deploying miners across hydro-powered, flared-gas, and natural-gas sites [10]

Summary of BitFuFu Inc. Conference Call Company Overview - **Company Name**: BitFuFu Inc. - **Ticker Symbol**: FUFU (NASDAQ) - **Industry**: Bitcoin mining and mining services - **User Base**: Over 648,000 users on the cloud mining platform as of November 2025 [2] Key Financial Metrics - **Computing Power**: Manages 26.4 exahash for Bitcoin mining with a total capacity of 478 megawatts as of November 30 [3] - **Bitcoin Holdings**: Holds over 1,700 Bitcoin [3] - **Revenue Growth**: Cloud mining revenue increased by 78% year-over-year [11] - **Self-Mining Revenue**: Decreased by 2% due to halving impacts and reallocation of computing power to cloud mining [11] - **Mining Rig Sales**: Recorded $36 million in sales for the quarter, a significant increase from the usual $5-6 million [11][12] - **Adjusted EBITDA**: Over $22 million, up from $6 million in the prior year [12] Business Model - **Self-Mining vs. Cloud Mining**: - Self-mining constitutes about 30% of the business, while cloud mining dominates the remaining 70% [3][4] - Cloud mining involves leasing hash rate to institutional and retail customers, with a majority being institutional [4][5] - **Customer Experience**: Customers can select mining power capacity and duration, with Bitcoin mined going directly to their wallets [5][6] Operational Strategy - **Infrastructure**: - Hosting capacity is distributed across three continents: 239 megawatts in the U.S., 235 megawatts in Ethiopia, and 4 megawatts in Brazil [6][7] - The company aims to acquire more owned data centers to reduce costs and increase operational control [7][9] - **Efficiency**: The company guarantees 95% uptime, with actual performance around 98-99% [10] Future Outlook - **Growth Strategy**: - Plans to increase computing capacity to 28-32 exahash by year-end 2025, with a target power capacity of 550-600 megawatts [18][19] - Actively seeking additional capacity through potential M&A transactions [16][17] - **Market Demand**: Demand for cloud mining remains strong, with challenges in meeting capacity [15][16] Additional Insights - **Market Position**: BitFuFu has been profitable every year since its inception, a notable achievement in the mining industry [13] - **Flexibility in Operations**: The company adjusts its focus between cloud and self-mining based on Bitcoin market conditions [15] This summary encapsulates the key points discussed during the conference call, highlighting BitFuFu Inc.'s operational strategies, financial performance, and future growth plans.

Core Points - BitFuFu Inc. will provide an update to investors at the Emerging Growth Conference on December 11, 2025 [1] - The presentation will be led by Charley Brady, Vice President of Investor Relations, and will include a Q&A session [2] - BitFuFu is recognized as a leading Bitcoin miner and innovator in mining services [5] Company Overview - BitFuFu Inc. is committed to empowering the global Bitcoin network through its cloud mining platform and innovative mining services [5] - The company is rapidly scaling its infrastructure to enhance its market position [5] Conference Details - The Emerging Growth Conference allows public companies to present their products and services to the investment community [6] - The conference targets a wide audience, including individual and institutional investors, investment advisors, and analysts [7] - BitFuFu's presentation is scheduled for 3:55 PM Eastern time and will last for 10 minutes [2]