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]

Core Insights - BitFuFu Inc. has launched a new software service, BitFuFuOS, which can enhance mining earnings by up to 20% [1] - The service integrates various mining components to provide a seamless experience for users [1] Group 1: Product Features - BitFuFuOS is designed for ease of use, offering advanced customization and flexibility with overclocking and underclocking modes [2] - The software is compatible with 10 mainstream mining rigs, including Antminer S21, Antminer T21, and Antminer S19 XP [2] - A professional support team is available to assist users with any issues [2] Group 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 [3] - The company has received early investment from BITMAIN and remains its sole strategic partner in the Bitcoin mining sector [3][4] - BitFuFu is committed to fostering a secure and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions [4]

Core Insights - BitFuFu Inc. reported a 32% increase in Bitcoin production for December 2024, demonstrating strong operational momentum and strategic execution [3][6] - The company has expanded its miner fleet through a two-year agreement with BITMAIN, aiming to enhance its hashrate capacity and competitive edge [3][6] - BitFuFu's cloud mining platform has grown significantly, surpassing 590,000 registered users, indicating its appeal to a diverse global customer base [3][6] Bitcoin Production and Holdings - The company produced 111 Bitcoins from self-mining operations in December 2024, a 32% increase from November 2024 [6][7] - As of December 31, 2024, BitFuFu held a total of 1,720 BTC [6][7] - The company acquired 32 BTC on the secondary market at an average price of $93,928 each [7] Hashrate Expansion - Total hashrate under management reached 23.5 EH/s as of December 31, 2024, with 3.1 EH/s from self-owned hashrate and 20.4 EH/s from cloud-mining and co-hosting [7] - BitFuFu signed a framework purchase agreement with BITMAIN for up to 80,000 S-series miners, including S21 XP and S21 Pro models [6][7] Power and Facilities - The company is targeting 1 GW of secured power capacity by the end of 2026 [5] - Current power under management includes 551 MW hosting capacity, with facilities in Ethiopia (80 MW) and the U.S. (33 MW) [7] Mining Services - BitFuFu launched a private-label mining pool service, BitFuFuPool, in December 2024 [12]

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]

Core Viewpoint - BitFuFu Inc. has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities in the U.S., with a combined capacity of 33 megawatts, allowing the company the option to acquire a majority stake in these facilities [1][2]. Group 1: Company Strategy and Growth - The lease agreements represent a shift from an asset-light strategy to a more robust portfolio of Bitcoin mining infrastructure, with a target of adding 1 GW of capacity by the end of 2026 [2]. - With the addition of the two facilities, BitFuFu now has over 110 MW of capacity across its owned or operated sites [2]. - The two facilities have hosting capacities of 22 MW and 11 MW, respectively, and can potentially add 2 EH/s of mining capacity, with power costs averaging as low as $0.042 per kilowatt-hour [3]. Group 2: Leadership Insights - CEO Leo Lu emphasized the importance of balancing asset-light and asset-heavy strategies to secure cost-efficient and stable power sources for operations [4]. - The company has been managing operations at these facilities for about a year and is satisfied with their uptime, cost-effectiveness, and operational stability [3][4]. Group 3: Company Background - BitFuFu Inc. is recognized as 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, a leading digital asset mining hardware manufacturer, and maintains a strategic partnership with BITMAIN [5][6]. - 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 [6].

Core Insights - BitFuFu Inc. has launched an upgraded website and mobile app to enhance the digital asset mining experience for users [1][3] - The new platform features an intuitive user interface, faster navigation, and improved access to products and services, reflecting the company's commitment to innovation [1][3] - The upgrades include a broader range of payment options, allowing users to pay service fees using loyalty points or multiple digital assets such as BTC, USDT, and ETH [2][3] Company Overview - BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining [7][8] - The company has received early investment from BITMAIN and remains its sole strategic partner in the cloud mining space [7][8] - BitFuFu aims to foster a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions [8] Product Promotion - To celebrate the platform upgrade, BitFuFu is offering a special promotion for its "Miner Co-Hosting" product, allowing users to purchase miners and co-host them at BitFuFu's mining farm [4] - Users can start mining immediately after installation and retain ownership of the miner after the hosting period ends, making it a hassle-free option for participation in mining [4]

SINGAPORE, Nov. 29, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”), a global leader in Bitcoin mining and comprehensive mining services, today announced it will participate in the inaugural B. Riley Securities Energy Convergence Conference: Mining, Nuclear and Infrastructure on Wednesday, December 4, 2024, at the Hotel Eventi in New York City. Charley Brady, BitFuFu’s Vice President of Investor Relations, will participate in the conference and meet with institut ...