| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $7.00 | Buy | H.C. Wainwright |
Total hashrate under management reached 28.3 EH/s as of April 30, 2025, a 37.4% month-over-month increase.Total power capacity under management rose to 566 MW across five continents as of April 30, 2025, an 18.4% month-over-month increase.Bitcoin holdings increased to 1,908 BTC as of April 30, 2025. SINGAPORE, May 08, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited production and mining operation updates for April 2025. "April marked another strong month of operational progress for BitFuFu," said Leo Lu, Chairman and CEO of BitFuFu. "We saw meaningful growth in our
SINGAPORE, May 07, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a world-leading Bitcoin miner and mining services innovator, is proud to announce its sponsorship of Bitcoin 2025, the world's largest Bitcoin event, taking place May 27–29, 2025 in Las Vegas, Nevada. As part of this presence, Charley Brady, Vice President of Investor Relations at BitFuFu, will also participate as a featured speaker, joining thought leaders from across the Bitcoin ecosystem to discuss cloud mining. Bitcoin 2025 is expected to draw more than 30,000 attendees, 5,000 companies, and over 400 speakers from around the globe. Organized by BTC Inc., the event brings together deve
SINGAPORE, April 22, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission ("SEC") on April 21, 2025. The annual report can be accessed on the SEC's website at www.sec.gov and on the Company's investor relations website at https://ir.bitfufu.com/. About BitFuFu Inc. BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining. BitFuFu received ear
SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for March 2025. Key Highlights: Bitcoin Holdings: Held 1,847 Bitcoins ("BTC") as of March 31, 2025, increased by 47 BTC compared to the balance as of the end of February 2025.Bitcoin Production: Produced 234 BTC, including 58 BTC from self-mining operations and 176 BTC for cloud-mining customers.Miner Energization: Except that a portion of miners were sold to customers, most of the 2,000 S21 XP miners ordered in November 2024 and the 4,000 S21+
SINGAPORE, March 25, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited financial results for the full year ended December 31, 2024.Full Year 2024 Financial Highlights Total revenue was US$463.3 million in 2024, representing an increase of 63.1% from US$284.1 million in 2023Revenue from cloud-mining solutions was US$271.0 million in 2024, representing an increase of 52.2% from US$178.0 million in 2023Revenue from Bitcoin self-mining operations was US$157.5 million in 2024, representing an increase of 57.2% from US$100.2 million in 2023Net income was US$
SINGAPORE, March 17, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it will release its full year financial results for the year ended December 31, 2024, before U.S. markets open on March 25, 2025. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Tuesday, March 25, 2025 (8:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email containing dial-in numbers and a uniq
SINGAPORE, March 13, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that the Company has been included in the newly launched Bitwise Bitcoin Standard Corporations ETF (Ticker: OWNB). Introduced by Bitwise Asset Management on March 11, 2025, this first-of-its-kind ETF tracks publicly traded companies holding at least 1,000 BTC in their corporate treasuries. The Bitwise Bitcoin Standard Corporations ETF, listed on NYSE Arca, provides investors exposure to firms that have adopted Bitcoin as a strategic reserve asset. The ETF tracks the Bitwise Bitcoin Standard Corporations
SINGAPORE, March 06, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for February 2025. Key Highlights: Bitcoin Holdings: Held 1,800 Bitcoins ("BTC") as of February 28, 2025.Bitcoin Production: Produced 219 BTC, including 58 BTC from self-mining operations and 161 BTC for cloud-mining customers.Cloud Mining Platform Growth: In less than three months, registered users increased from 500,000 to over 600,000, as of February 28, 2025, reflecting an accelerating growth rate.Strategic Expansion: Oklahoma Site: In February,
SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, announced that its Cloud Mining platform has surpassed 600,000 registered users worldwide. "This is a remarkable achievement for our Cloud Mining business - we have grown from 500,000 to 600,000 registered users in record time," said Leo Lu, Chairman and CEO of BitFuFu. "It took us over five months to expand from 400,000 to 500,000 registered users by the end of November 2024, but less than three months to grow from 500,000 to 600,000. This rapid growth reflects the appeal of our user-friendly, one-stop-shop Cloud Mini
Majority stake acquisition strengthens BitFuFu's operational scale and efficiency with low-cost power and enhanced hosting capacityNet electricity cost at this facility is very competitive at about $0.03 per kWhWith the deployment of AntMiner S21 series miners, the average cash cost to mine one Bitcoin at this site is as low as $18,000, excluding depreciation SINGAPORE, Feb. 20, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it has signed a definitive agreement and acquired a majority ownership in a 51-megawatt (MW) operational Bitcoin mining data center in Oklahom
H.C. Wainwright initiated coverage of BitFuFu with a rating of Buy and set a new price target of $7.00
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SINGAPORE, May 31, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced the appointment of Ms. Calla Zhao as Chief Financial Officer, effective May 29, 2024. Ms. Calla Zhao has served as BitFuFu's financial controller since September 2021. Prior to joining BitFuFu, she served as head of finance at GGG Limited, an investment division of a conglomerate, from 2017 to 2021, and as an auditor at KPMG from 2005 to 2011. Ms. Zhao is a CPA and earned a Bachelor of Arts in Management from Peking University with a major in accounting. Mr. Leo Lu, Chief Executi
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SINGAPORE, March 25, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited financial results for the full year ended December 31, 2024.Full Year 2024 Financial Highlights Total revenue was US$463.3 million in 2024, representing an increase of 63.1% from US$284.1 million in 2023Revenue from cloud-mining solutions was US$271.0 million in 2024, representing an increase of 52.2% from US$178.0 million in 2023Revenue from Bitcoin self-mining operations was US$157.5 million in 2024, representing an increase of 57.2% from US$100.2 million in 2023Net income was US$
SINGAPORE, March 17, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it will release its full year financial results for the year ended December 31, 2024, before U.S. markets open on March 25, 2025. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Tuesday, March 25, 2025 (8:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email containing dial-in numbers and a uniq
Majority stake acquisition strengthens BitFuFu's operational scale and efficiency with low-cost power and enhanced hosting capacityNet electricity cost at this facility is very competitive at about $0.03 per kWhWith the deployment of AntMiner S21 series miners, the average cash cost to mine one Bitcoin at this site is as low as $18,000, excluding depreciation SINGAPORE, Feb. 20, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ("BitFuFu" or the "Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that it has signed a definitive agreement and acquired a majority ownership in a 51-megawatt (MW) operational Bitcoin mining data center in Oklahom
SINGAPORE, Nov. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (NASDAQ:FUFU) ("BitFuFu" or the "Company), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today reported its unaudited financial and operational results for the quarter ended September 30, 2024. Third Quarter 2024 Operational Highlights Hosting capacity of 556 MW diversified across 17 sites on three continents, compared with 339 MW across 16 sites on two continents during the same period of 2023.Total mining capacity under management increased 88.5% to 26.2 EH/s, compared to 13.9 EH/s during the same period of 2023.Cloud-mining registered users increased 75.3% to 455,764 as of Septembe
SINGAPORE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 5, 2024. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Tuesday, November 5, 2024 (9:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email
SINGAPORE, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (NASDAQ:FUFU) ("BitFuFu" or the "Company") a fast-growing digital asset mining service and world-leading cloud-mining service provider, today reported its unaudited financial and operational results for the quarter ended June 30, 2024. Second Quarter 2024 Operational Highlights Hosting capacity of 522 MW diversified across 25 sites on three continents, compared with 374 MW across 17 sites on three continents during the same period of 2023.Total mining capacity under management increased 62.5% to 24.7 EH/s, compared to 15.2 EH/S during the same period of 2023.Cloud-mining registered users increased 86.8% to 395,056 as of June 30,
SINGAPORE, Aug. 13, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Tuesday, August 20, 2024 (8:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email contai
SINGAPORE, May 20, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operational Highlights Hosting capacity of 644 MW diversified across 29 sites on three continents, compared with 513 MW across 22 sites on one continent during the same period of 2023Total mining capacity under management increased 52.1% to a record 28.6 EH/s, compared to 18.8 EH/S during the same period of 2023Cloud-mining registered users increased 63.5% to 321,184 as of March 31, 202
SINGAPORE, May 10, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, before U.S. markets open on May 20, 2024. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Monday, May 20, 2024 (8:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email containing dia
SINGAPORE, April 11, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced its financial results for the full year ended December 31, 2023. Full Year 2023 Operational Highlights Hosting capacity of 515 MW diversified across 24 sites on three continents as of December 31, 2023, compared with 336 MW across 19 sites on one continent as of December 31, 2022Total mining capacity increased 106.3% to a record 22.9 EH/s as of December 31, 2023, compared to 11.1 EH/S as of December 31, 2022Cloud-mining registered users increased 61.5% to 304,270 as of December