BitFuFu(FUFU)
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BitFuFu to Report First Quarter 2025 Unaudited Financial Results on June 5, 2025
Globenewswire· 2025-05-29 12:00
Core Viewpoint - BitFuFu Inc. is set to release its unaudited financial results for Q1 2025 on June 5, 2025, before U.S. markets open, indicating the company's ongoing commitment to transparency and investor communication [1]. 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 [3]. Earnings Conference Call - The management team will conduct an earnings conference call on June 5, 2025, at 8:00 A.M. U.S. Eastern Time, allowing investors to gain insights into the company's performance [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]. Investor Relations - For investor inquiries, BitFuFu provides contact details for its Investor Relations team, ensuring open lines of communication for stakeholders [4].
BitFuFu Announces April 2025 Bitcoin Mining and Operation Updates
Globenewswire· 2025-05-08 12:00
Core Insights - BitFuFu Inc. reported strong operational progress in April 2025, with significant growth in managed hashrate and power capacity, alongside an increase in Bitcoin holdings [2][4]. Bitcoin Holdings and Production - As of April 30, 2025, Bitcoin holdings reached 1,908 BTC, an increase of 61 BTC from March 31, 2025, due to self-mining operations and net inflow from customer payments [5]. - The company produced a total of 209 BTC in April 2025, which included 173 BTC from cloud mining and 36 BTC from self-mining [5]. Hashrate Overview - Total hashrate under management was 28.3 EH/s as of April 30, 2025, reflecting a 37.4% month-over-month increase, driven by expanded supplier partnerships and increased hash power procurement [4][5]. - Self-owned hashrate accounted for 4.2 EH/s, while hashrate from third-party suppliers and hosting customers was 24.1 EH/s [5]. Power and Infrastructure - Total power capacity under management increased to 566 MW across five continents as of April 30, 2025, marking an 18.4% month-over-month increase [4][5]. - BitFuFuPool connected 10.9 EH/s of hashrate to the network, and BitFuFuOS optimized 9.7 EH/s of hashrate, adding software support for various Antminer models [6]. Upcoming Conferences & Events - BitFuFu will sponsor and present at Bitcoin 2025 in Las Vegas from May 27 to 29, 2025, and will also present at the Lytham Partners Spring 2025 Investor Virtual Conference on May 29, 2025 [6].
BitFuFu Announces Sponsorship and Featured Speaker Appearance at Bitcoin 2025
Globenewswire· 2025-05-07 12:00
Group 1 - BitFuFu Inc. announces its sponsorship of Bitcoin 2025, the world's largest Bitcoin event, scheduled for May 27–29, 2025, in Las Vegas, Nevada [10] - The event is expected to attract over 30,000 attendees, 5,000 companies, and more than 400 speakers from around the globe, focusing on the future of Bitcoin [2] - Charley Brady, Vice President of Investor Relations at BitFuFu, will be a featured speaker discussing cloud mining, highlighting the company's commitment to making Bitcoin mining accessible [3][4] Group 2 - BitFuFu will showcase its latest global deployment strategy, one-stop mining services, and proprietary technologies at Booth 711 during the event [3] - The company aims to empower the global Bitcoin network through its industry-leading cloud mining platform and rapidly scaling data center infrastructure [5] - The sponsorship of Bitcoin 2025 aligns with BitFuFu's mission to promote efficient, transparent, and secure mining solutions [3]
BitFuFu Files 2024 Annual Report on Form 20-F
Newsfilter· 2025-04-21 22:00
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]
BitFuFu Announces March 2025 Bitcoin Mining and Operation Updates
Globenewswire· 2025-04-09 12:00
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]
BitFuFu借加密货币东风和灵活商业模式达成高额利润
BambooWorks· 2025-04-02 07:56
Core Viewpoint - BitFuFu is experiencing significant growth in revenue and profit due to the recent surge in cryptocurrency prices, with plans to enhance its self-mining operations to further improve profitability [1][2]. Group 1: Financial Performance - BitFuFu's revenue for 2024 increased by 63% to $463.3 million, while net profit surged over fivefold to $54 million [1]. - The company's Bitcoin mining revenue grew by 57% to $157.5 million, slightly outpacing the 52% growth in its cloud mining services [2]. Group 2: Business Strategy - BitFuFu maintains a flexible business model that allows it to adjust mining power between self-mining and cloud mining services based on market conditions [5]. - The company is actively expanding its self-mining operations, having acquired a mining facility in Ethiopia and a majority stake in a mining data center in Oklahoma, USA [5]. Group 3: Cost Management - The ownership of mining machines and data centers leads to higher depreciation costs but helps reduce expenses by eliminating third-party equipment and hosting fees [6]. - BitFuFu's average hosting costs for 2024 decreased by 25% compared to the previous year due to the relocation of some mining machines to the newly acquired Ethiopian data center [6]. Group 4: Market Position - BitFuFu's stock price has risen approximately 4% over the past year, with a current price-to-sales (P/S) ratio of 1.58, which is lower than competitors like Riot Platforms and Mara [7]. - The company's ability to remain profitable in a volatile industry is noteworthy, and its self-mining facilities are seen as a strategic advantage in the current market environment [7].
BitFuFu借加密货币东风和灵活商业模式达成高额利润
BambooWorks· 2025-04-02 07:56
▶ 这家数字资产挖矿服务商正受益于最新一轮加密货币热潮,同时计划通过加强自营挖矿业务提 升盈利能力 BitFuFu (FUFU.US)正迎来高光时刻,且毫无安于现状之态。 在加密货币最新一轮复苏浪潮中——比特币价格过去六个月涨幅超过30%——这家数字资产挖矿服务商正 经历利润飙升。但BitFuFu并未止步于此,正快速拓展自营加密挖矿业务。若当前牛市持续,此举将带来丰 厚回报,尽管行情能延续多久尚难预料。 根据上周二发布的最新年报,BitFuFu去年营收同比增长63%至4.633亿美元,净利润飙升五倍多至5,400万美 元。最主要的利好来自于加密货币在长期低迷后开启牛市行情,推动因素还包括比特币新供应量减半事 件,以及特朗普赢得美国总统大选后已显现出对数字资产有利的政策迹象。而去年末比特币价格首次突破 10万美元大关,加密货币市场狂热情绪也达到了新顶点。 在这样的背景下,BitFuFu利润激增并不令人意外,因为加密货币服务提供商的命运与虚拟资产市场波动紧 密相连。该公司还拥有自营比特币挖矿业务,意味着比特币价格上涨可直接转化为其营收增长。因此, BitFuFu去年比特币挖矿业务收入增长57%至1.575亿美元, ...
BitFuFu Inc. (FUFU) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-03-28 17:00
Core Viewpoint - BitFuFu Inc. (FUFU) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3][10] Earnings Estimates and Stock Price Movement - The Zacks rating system is effective for individual investors as it focuses on changes in earnings estimates, which are closely correlated with near-term stock price movements [2][4] - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4][5] Company Performance Indicators - BitFuFu Inc. is expected to earn $0.24 per share for the fiscal year ending December 2025, reflecting a year-over-year decline of 29.4% [8] - Over the past three months, the Zacks Consensus Estimate for BitFuFu Inc. has increased by 50%, indicating a positive trend in earnings estimates [8][10] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7] - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision features [9][10]
BitFuFu: Excellent 2024 Earnings
Seeking Alpha· 2025-03-28 13:15
Core Insights - BitFuFu Inc. is a Singapore-based leader in Bitcoin mining, established in 2020, and has demonstrated significant sales growth since its inception [1] Financial Performance - The company recently released its full-year financial results for 2024, indicating a strong performance in the Bitcoin mining sector [1]
BitFuFu: FY24 Earnings Review, FY25 Operational Outlook
Seeking Alpha· 2025-03-27 11:52
Core Insights - BitFuFu (NASDAQ: FUFU) has emerged as a significant player in the cryptocurrency mining sector, demonstrating notable growth and an expanding market presence [1] Company Overview - BitFuFu has transitioned from a newly listed mining stock to a recognized entity among established Bitcoin miners [1] Industry Context - The cryptocurrency market continues to attract interest, with companies like BitFuFu capitalizing on the growing demand for Bitcoin mining [1]