Core Insights - BitFuFu Inc. has achieved a significant milestone by surpassing 600,000 registered users on its Cloud Mining platform, reflecting rapid growth in user adoption [1][2] - The company experienced a growth from 500,000 to 600,000 users in less than three months, compared to over five months for the previous increase from 400,000 to 500,000 users [2] - To celebrate this achievement, BitFuFu has launched a special discount coupon campaign for active users, offering tiered discounts based on cloud mining hashrate purchases [2] Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining [4] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and maintains a strategic partnership with BITMAIN in the mining services sector [4][5] - BitFuFu is committed to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [5]

Core Viewpoint - BitFuFu Inc. has acquired a majority ownership in a 51-megawatt operational Bitcoin mining data center in Oklahoma for $400,000 per MW, funded through cash and common stock from its balance sheet [1][9]. Strategic Benefits of the Acquisition - The acquired data center has been operational since 2022, with over 95% uptime and a competitive net electricity cost of approximately $0.03 per kWh, allowing BitFuFu to mine Bitcoin at a cash cost as low as $18,000 per Bitcoin, excluding depreciation [2][9]. - The facility includes a fully integrated operations center, providing a foundation for a state-of-the-art repair center to enhance mining efficiency [3]. - The site benefits from cost-effective energy delivery and operates within the Southwest Power Pool (SPP), a stable and regulated energy market, supported by a crypto-friendly regulatory environment in Oklahoma [4]. Scaling Hashrate & Hosting Services - BitFuFu plans to deploy AntMiner S21 series miners at the site, which will increase its total managed hashrate scale by over 3 EH/s, with potential for further expansion pending utility company studies [5]. - The company has executed a framework agreement to purchase up to 80,000 S-series miners from BITMAIN in Q4 2024, supporting its 1GW Global Capacity Expansion Plan [6]. Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining, and has a strategic partnership with BITMAIN [7][8].

Core Viewpoint - BitFuFu Inc. reported strong demand for its cloud-mining services driven by resilient Bitcoin prices, while actively managing its mining capacity to ensure stable cash flow and support strategic expansion plans [3]. Bitcoin Production and Holdings - In January 2025, BitFuFu produced 83 Bitcoins from self-mining operations, a 25% decrease from December 2024, and 200 Bitcoins for cloud-mining customers [7][8]. - The company held a total of 1,742 Bitcoins as of January 31, 2025, which includes 633 Bitcoins pledged for loans and miner procurement payables [8][9]. Strategic Expansion - BitFuFu expects to receive 2,000 units of S21XP miners in March 2025, adding 0.54 EH/s of mining capacity [7]. - The company signed a letter of intent to acquire a 51-megawatt Bitcoin mining facility in Oklahoma, U.S., with an average power cost of $0.03/kWh [7][8]. - The total hashrate under management reached 20.2 EH/s, with self-owned hashrate at 3.1 EH/s and cloud-mining and co-hosting at 17.1 EH/s [8]. Power and Facilities - BitFuFu has a total hosting capacity of 424 MW, including two facilities with a combined 113 MW power supply [8]. - The company has secured 80 MW in Ethiopia at a cost of $0.036/kWh and 33 MW in the U.S. at $0.042/kWh [8]. Mining Services and Growth - The number of registered users for cloud-mining services reached 598,785 as of January 31, 2025 [8]. - BitFuFu launched BitFuFuOS, a new software service that can optimize mining operations and potentially increase earnings by up to 20% [8]. Upcoming Events - BitFuFu will participate in the Alliance Global Partners Virtual Technology Conference on February 12, 2025, and the 37th Annual ROTH Conference from March 16-18, 2025 [6][9].

Core Insights - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [3][4] - The company will participate in the 37th Annual ROTH Conference from March 16-18, 2025, in Dana Point, California, where its executives will engage with investors [1][2] Company Overview - BitFuFu 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] - The company is committed to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [4] Event Participation - The ROTH Conference will feature approximately 500 private and public companies, providing a platform for investors to meet with executive management [2] - BitFuFu will conduct one-on-one meetings with investors throughout the event, enhancing its engagement with the investment community [2]

Core Insights - BitFuFu Inc. has signed a letter of intent to acquire a majority stake in a 51-megawatt Bitcoin mining facility in Oklahoma, USA [1][3] - The facility is strategically located in an unpopulated area and has a reliable power supply at a competitive cost of approximately 3 cents per kilowatt-hour [2] - The acquisition is part of BitFuFu's North American expansion strategy and aims to enhance operational efficiency and reinforce its leadership in Bitcoin mining [4] Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [5] - The company has received early investment from BITMAIN and remains a strategic partner in the Bitcoin mining sector [5][6] - BitFuFu is committed to fostering a secure and transparent blockchain infrastructure, offering stable digital asset mining solutions to a global customer base [6]

SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the launch of its new software service, BitFuFuOS, which can increase mining overall earnings by up to 20%. By integrating miners, hosting, mining pools, and software services, BitFuFu aims to provide users with a seamless one-stop mining experience. BitFuFuOS website ： https://www.bitfufu.com/FuFuMinerOS Designed for ea ...

SINGAPORE, Jan. 06, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for December 2024. Key Highlights: Bitcoin Production: Produced 111 Bitcoins ("BTC") from self-mining operations, representing a 32% increase from November 2024. Bitcoin Holdings: Held 1,720 BTC in total as of December 31, 2024.Cloud Mining Platform Growth: Surpassed ...

Company Overview - BitFuFu Inc is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [4] - The company received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN's strategic partner in the Bitcoin mining and mining services space [4] - BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base [5] - Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently [5] User Growth and Market Reach - BitFuFu's registered cloud-mining users surpassed 520,000, with a compound annual growth rate (CAGR) and YoY% of 67% since launching its cloud-mining website in December 2020 and mobile APP in October 2021 [1] - The company has attracted registered users from over 150 countries, with the top countries driving growth mainly from Asia-Pacific and Europe [1] Product Development and User Experience - In November 2024, BitFuFu revamped its website and mobile app to significantly enhance the user experience and empower users with cutting-edge, user-friendly solutions tailored to their needs [2] - The company's growth in user base demonstrates the tangible value delivered to users and highlights the resilience of its business model across market cycles [3] - BitFuFu is committed to making digital asset mining simpler, more efficient, and accessible to all, with plans to continue innovating and setting new benchmarks in the industry [3]

SINGAPORE, Dec. 11, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities with a combined capacity of 33 megawatts (MW) in the U.S. The lease agreements grant BitFuFu the option to acquire a majority stake in both mining facilities. The lease of both mining facilities marks the next step in BitFuFu’s transi ...

SINGAPORE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including Cloud mining，today announced the launch of its upgraded website and mobile app, delivering a reimagined one-click digital asset mining experience. The enhanced platform features an intuitive, user interface, faster navigation, and improved access to BitFuFu’s products and services. The ...