Core Viewpoint - BitFuFu Inc. is set to release its unaudited financial results for the quarter ended June 30, 2025, on August 15, 2025, before U.S. markets open [1] Group 1: Financial Results Announcement - The earnings conference call will take place at 8:00 A.M. U.S. Eastern Time on August 15, 2025 [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 mining services innovator [3] - The company focuses on empowering the global Bitcoin network through its cloud mining platform and innovative mining services [3]

Core Insights - BitFuFu Inc. has achieved a significant milestone with its private-label Bitcoin mining pool, BitFuFuPool, surpassing 20 exahashes per second (EH/s) in hashrate, ranking it among the top 11 largest Bitcoin mining pools globally [1][4][5] Company Overview - BitFuFu Inc. is recognized as a world-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 [10] BitFuFuPool Performance - BitFuFuPool's current hashrate is 20.86 EH/s, contributing to a theoretical production of approximately 10 BTC per day, valued at around $1.18 million based on current market prices [2][4] - The pool operates under a Full Pay-Per-Share (FPPS) reward model, ensuring miners receive fixed payouts for their contributed hashrate, regardless of block mining success [6] Technological Advancements - The pool utilizes cutting-edge technologies such as BitFuFuOS and the Aladdin management system, which enhance mining efficiency by optimizing hashrate allocation based on real-time network conditions [8] - BitFuFuPool offers a seamless experience with features like real-time performance metrics and automatic daily Bitcoin payouts, supported by a distributed infrastructure capable of connecting millions of mining machines [7] Growth and Infrastructure - As of June 30, 2025, BitFuFu managed a total hashrate of 36.2 EH/s, with a power capacity of 728 MW and holding 1,792 BTC, indicating robust growth and operational capacity [9]

Summary of BitFuFu (FUFU) Conference Call - July 16, 2025 Company Overview - **Company Name**: BitFuFu Inc - **Ticker Symbol**: FUFU - **Industry**: Bitcoin Mining and Mining Services - **Position**: One of the top five or six Bitcoin miners globally, offering both self-mining and cloud mining services [3][7] Core Business Model - **Self-Mining**: Operates mining rigs across five continents, producing Bitcoin for its own account [12][33] - **Cloud Mining**: Provides a platform for customers to mine Bitcoin without needing to manage the infrastructure themselves. As of June, BitFuFu had over 623,000 registered users, holding an estimated 40% market share in cloud mining [9][10] - **Revenue Breakdown**: Approximately 60-63% of revenue from cloud mining, 30-33% from self-mining, and a small percentage from other services [60] Financial Performance - **Bitcoin Production**: In fiscal 2024, produced 2,537 Bitcoin from self-mining and 4,947 Bitcoin from cloud mining services [13] - **Growth Metrics**: Revenue growth at 65% CAGR and adjusted EBITDA growth at 173% CAGR since inception [15] - **Profitability**: The company has been profitable every year since its founding in December 2020 [16] Infrastructure and Capacity - **Data Centers**: Operates with 728 megawatts of capacity, with significant portions leased. Plans to acquire more data centers to reduce leasing and increase control [18][19] - **Geographic Distribution**: Data centers located in the US, Ethiopia, Finland, Oman, Indonesia, Brazil, and Paraguay [17] Strategic Initiatives - **Expansion Plans**: Aiming to acquire an additional 700-800 megawatts of capacity by the end of 2026, focusing primarily on the US market [20][57] - **Diversification**: Open to exploring AI and HPC (High-Performance Computing) opportunities, contingent on acquiring more data centers [42][44] Customer Engagement and Retention - **Customer Base**: Majority of cloud mining revenue comes from institutional clients, including hedge funds and family offices, despite a larger number of retail accounts [49][51] - **Retention Rate**: High retention rate of 70-80%, particularly among top customers spending over $10,000 [53] Security and Compliance - **Bitcoin Storage**: Customers store mined Bitcoin in their own wallets, while the company uses secure cold wallets for its holdings [47][48] - **Regulatory Compliance**: As a publicly traded company, BitFuFu adheres to SEC regulations, enhancing transparency and trust [63] Unique Selling Proposition - **Cloud Mining Benefits**: Offers customers a simplified process to mine Bitcoin without the complexities of self-mining, including upfront cost advantages and reduced operational concerns [26][32] - **Transparency**: Provides real-time visibility into mining operations, differentiating itself from less reputable cloud mining services [62][64] Conclusion - BitFuFu is positioned as a leading player in the Bitcoin mining industry, with a robust growth trajectory, a diversified revenue model, and strategic plans for expansion and innovation in the cloud mining space. The company emphasizes transparency, customer engagement, and regulatory compliance as key components of its business strategy [22][66]

Core Viewpoint - BitFuFu Inc. is set to participate in the Emerging Growth Conference on July 16, 2025, where it will discuss its strategic initiatives and growth outlook [1][2]. Company Overview - BitFuFu Inc. is recognized as a world-leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its cloud mining platform and rapidly scaling infrastructure [4]. Conference Details - The presentation will be led by Charley Brady, Vice President of Investor Relations, and will include a Q&A session for investors to engage with company leadership [2]. - The conference aims to facilitate public companies in presenting their new products and services to the investment community efficiently [5]. - The audience for the conference includes individual and institutional investors, investment advisors, and analysts, potentially reaching tens of thousands [6]. Additional Information - For those unable to attend the live presentation, a recorded webcast will be available post-event on EmergingGrowth.com and YouTube [3]. - Interested parties can submit questions in advance to enhance engagement during the event [2].

Core Viewpoint - BitFuFu Inc. is committed to building a sustainable and energy-efficient Bitcoin mining operation, focusing on renewable energy and innovative technologies to enhance mining efficiency throughout 2025 [1][2]. Company Initiatives - Strategic acquisitions and infrastructure developments over the past nine months have demonstrated how sustainable Bitcoin mining can scale effectively by utilizing renewable energy resources and improving miner energy efficiency through advanced software technology [2]. - The company aims to secure 1 GW of power by the end of 2026 through acquisitions and greenfield developments, which will enhance cost control and operational efficiency in a post-halving environment [2]. Renewable Energy Utilization - BitFuFu acquired a majority stake in an 80 MW Bitcoin mining facility in Ethiopia, leveraging the country's hydropower resources for sustainable energy production [5]. - The company is also engaging in flared gas mining, capturing gas that would otherwise be wasted at oil drilling sites to generate electricity for Bitcoin mining [5]. Technological Innovations - BitFuFuOS, launched in January, allows users to customize operational modes for their miners based on temperature, power availability, and market conditions, optimizing efficiency and reducing energy consumption [5].

Core Insights - BitFuFu Inc. reported its most productive month in June 2025, mining 445 Bitcoin, marking an 11.3% month-over-month increase in production [2][6][7] - The company achieved record levels of hashrate at 36.2 EH/s and total power capacity of 728 MW, reflecting strong operational momentum [2][6][7] - BitFuFu's Bitcoin holdings increased to 1,792 BTC, with an increase of 83 BTC from the previous month [6][7] Bitcoin Holdings and Production - Bitcoin production in June 2025 was 445 BTC, which is an 11.3% increase from May 2025 [6][7] - The production included 387 BTC from cloud mining (an 8.4% increase) and 58 BTC from self-mining (a 34.9% increase) [7] - Total Bitcoin holdings reached 1,792 BTC, up from 1,709 BTC at the end of May 2025 [7] Hashrate Overview - Total hashrate under management reached 36.2 EH/s, representing a 6.2% month-over-month increase [6][7] - Self-owned hashrate accounted for 3.8 EH/s, while hashrate from third-party suppliers and hosting customers was 32.4 EH/s [7] - The average fleet efficiency was recorded at 20.1 J/TH [7] Power and Infrastructure - Total power capacity under management was 728 MW, which is an 11.8% increase month-over-month [2][6] - The power capacity is distributed across five continents, indicating a broad operational footprint [2] Mining Services - As of June 30, 2025, BitFuFu had 623,114 registered users on its cloud mining platform [3]

Core Viewpoint - BitFuFu Inc. (NASDAQ: FUFU), a Singapore-based crypto miner, is experiencing a decline in stock value, losing almost 20% since a previous optimistic outlook due to disappointing earnings reports [1]. Company Summary - BitFuFu Inc. is positioned for strong operating income growth in 2026, as previously claimed by an analyst [1]. - The company has reported lackluster earnings, which has contributed to the recent decline in stock price [1]. Analyst Background - The analyst, Dilantha De Silva, has over 10 years of experience in the investment industry and focuses on small-cap stocks often overlooked by Wall Street [1]. - Dilantha is a CFA Level III candidate and an Associate Member of the Chartered Institute for Securities and Investment (CISI) [1]. - His work has been featured on major financial platforms such as CNBC, Bloomberg, Nasdaq, and Yahoo Finance [1].

Group 1 - BitFuFu (NASDAQ: FUFU) is a newly public Bitcoin mining company that has gained popularity since its IPO in March last year [1] - The company operates within the current crypto market cycle, indicating a strategic entry point for investors [1] Group 2 - The article highlights the author's background in cryptocurrency, including experience in trading and coding since 2017, which adds credibility to the analysis [1] - The author has a deep understanding of distributed ledger technology, Web3 technology stack, and crypto investment strategies, which informs the insights provided [1]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $78 million, a 46% decrease from $144 million in Q1 2024 [7][15] - Net loss for the quarter was $17 million, with adjusted EBITDA at negative $11 million, significantly impacted by a $19.4 million unrealized fair value loss on digital assets [7][17] - Average electricity price decreased by 18% compared to Q1 2024, reflecting efforts to optimize cost structure [14] Business Line Data and Key Metrics Changes - Cloud mining revenue accounted for approximately 69% of total revenue, with 86% of self-owned miners' capacity allocated to self-mining operations [16][12] - The company experienced a decline in total mining capacity under management from 28.6 exahash to 20.6 exahash due to expired contracts and supplier relocations [7][8] - By April 30, 2025, total mining capacity under management rebounded to 28.3 exahash, reaching 34.1 exahash by the end of May [9][10] Market Data and Key Metrics Changes - The company expanded its customer base in key growth markets in Africa and Asia, reflecting increasing global demand for integrated mining solutions [12] - New customers typically start with small trial orders, indicating potential for significant future growth [13] Company Strategy and Development Direction - The company aims to scale mining capacity, strengthen infrastructure, broaden supply chains, and deepen customer relationships [25] - A focus on joint venture structures for capital efficiency and leveraging local expertise for post-acquisition integration [15] - Plans to evaluate capital expenditure opportunities in the US, Canada, and other regions, with a deliberate approach to capital deployment [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of increased network difficulty and the Bitcoin halving event on revenue [6] - Despite market challenges, the company remains focused on disciplined execution and long-term value creation [25] - The strategic plan to invest in mining infrastructure and equipment in the US and other regions remains unchanged [24] Other Important Information - The company holds a total of 1,835 Bitcoins, with a strategy to retain Bitcoin for long-term value while selectively selling portions for working capital [18] - Outstanding loan balance as of March 31, 2025, was $40 million, with plans to repay a portion over the coming year [23] Q&A Session Summary - No Q&A session was conducted during the call, but participants were encouraged to email questions to the investor relations team for responses [4]

Company Performance - BitFuFu Inc. reported a quarterly loss of $0.10 per share, missing the Zacks Consensus Estimate of $0.04, and a significant decline from earnings of $0.23 per share a year ago, representing an earnings surprise of -350% [1] - The company posted revenues of $78.04 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 21.81%, and a decrease from year-ago revenues of $144.41 million [2] - Over the last four quarters, BitFuFu Inc. has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - BitFuFu Inc. shares have lost approximately 26.3% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $111.44 million, and for the current fiscal year, it is $0.18 on revenues of $479.29 million [7] Industry Outlook - The Zacks Industry Rank for Financial - Miscellaneous Services, to which BitFuFu Inc. belongs, is currently in the bottom 45% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact BitFuFu Inc.'s stock performance [5]