BitFuFu Announces January 2025 Bitcoin Mining and Operation Updates

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].