Core Insights - BitFuFu Inc. reported a significant increase in Bitcoin production, achieving 400 BTC in May 2025, which represents a 91.4% month-over-month increase [2][7][8] - The company expanded its hashrate to a record level of 34.1 EH/s, marking a 20.5% month-over-month increase [7][8] - Total power capacity under management reached 651 MW, reflecting a 15.0% month-over-month increase [4][7][8] Bitcoin Holdings and Production - As of May 31, 2025, BitFuFu held 1,709 BTC, a decrease of 199 BTC from April 30, 2025, due to proactive treasury sales [8] - In May 2025, 357 BTC were mined by cloud-mining customers, while 43 BTC were produced through self-mining [8] Hashrate Overview - The majority of the added procured hashrate was generated from S21 series miners, with self-owned hashrate at 4.2 EH/s and hashrate from third-party suppliers and hosting customers at 29.9 EH/s [8] Power and Infrastructure - The total power capacity under management of 651 MW spans across five continents, indicating a robust global infrastructure [4][7] Mining Services - BitFuFu had 615,559 registered cloud mining users as of May 31, 2025, showcasing the company's strong market presence [5]

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]