| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $7.00 | Buy | H.C. Wainwright |
SINGAPORE, Nov. 15, 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 changes in its board of directors (the "Board"). Mr. Cheng Yao has resigned from the Board, effective from November 14, 2024. Mr. Yao's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Leo Lu, Chairman and Chief Executive Officer of BitFuFu, commented, "On behalf of the Board, I would like to express my sincere gratitude to Mr. Yao for his valuable contributions to BitFuFu. We wish him cont
New York, New York, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, an equity research firm with a focus on small capitalization public companies has initiated coverage of BitFuFu Inc. (NASDAQ:FUFU). The in-depth 37-page initiation report includes detailed information on the BitFuFu's business model, services, industry overview, financials, valuation, management profile, and risks. The full research report is available below. BitFuFu Inc. Initiation Report Highlights from the report include: Rapid Revenue Growth and Expanding Market Presence: From 2021 to 2023, BitFuFu's revenue expanded from $103 million to $284.1 mill
Singapore, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc.. (NASDAQ:FUFU, FUFU.WS)) ("BitFuFu" or the "Company"), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that its wholly owned subsidiary has entered into a two-year Master Loan Agreement ("MLA") with Antpool Technologies, granting the Company access up to $100 million in capital. Funds drawn under the MLA will be used for general corporate purposes, including potential M&A opportunities and covering hosting fees to retain Bitcoin holdings and capitalize on potential price appreciation. Borrowings under the MLA bear an annual interest rate of 6.5% and will be secure
Singapore, Nov. 08, 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 announced that it has been awarded Best Technology Solution Provider for Digital Assets – Cloud. This prestigious annual award recognizes the financial services industry's most innovative and influential companies, honoring those who set new standards in technology and digital asset management worldwide. In recent years, this award has been presented to notable industry leaders, such as Seba Bank, Bakkt, and Goldman Sachs, which were recognized in 2023. This year's highly competitive program
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, Oct. 22, 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 it has entered into a definitive agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This transaction marks the start of the Company's transition from an asset-light strategy to one that manages a diverse and robust portfolio of Bitcoin mining infrastructure. As of June 30, 2024, BitFuFu's hosting capacity was 522 MW, all of which is hosted by third parties. Upon completion of this transaction, BitFuFu's hosting capacity will surpass
SINGAPORE, Oct. 15, 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 attend the AIM Summit Dubai 2024, which will take place from October 21 to 22, 2024, at Jumeirah Emirates Towers. Representing BitFuFu at the event will be Ms. Calla Zhao, Chief Financial Officer of BitFuFu, and Ms. Celine Lu, Director of BitFuFu. Attendees are invited to meet the BitFuFu team at their booth right next to the ballroom entrance. For attendees looking to schedule a meeting with BitFuFu during the summit, please contact [email protected]. About BitFuFu
Singapore, Sept. 30, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc. (NASDAQ:FUFU, FUFU.WS))) ("BitFuFu" or the "Company") a fast-growing digital asset mining service and world-leading cloud-mining service provider, today recapped its participation in the H.C. Wainwright 26th Annual Global Investment Conference held in early September in New York. During the conference, Ms. Calla Zhao, BitFuFu's Chief Financial Officer, delivered a comprehensive presentation outlining the Company's strategic initiatives and growth prospects, and engaged in one-on-one meetings with institutional investors. BitFuFu's Innovative Cloud-Mining Solutions One of the unique differentiators of BitFuFu's business model is
SINGAPORE, Sept. 12, 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 participate in TOKEN2049 Singapore, the premier crypto event taking place on September 18-19, 2024. TOKEN2049 is a global conference series, where the crypto ecosystem's decision-makers connect to exchange ideas, network, and shape the industry. TOKEN2049 Singapore is expected to welcome 20,000 attendees from over 7,000 companies and 150 countries, making it the largest crypto event in the world. Representing BitFuFu at the conference will be Mr. Leo Lu, Chief
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
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, 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
SINGAPORE, April 03, 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 plans to release its financial results for the full year ended December 31, 2023, on Thursday, April 11, 2024 before the U.S. markets open. The Company's management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Thursday, April 11, 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
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener
U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Monday. Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose sharply during Monday's session amid a rise Bitcoin. Bitcoin prices rose past the key $63,000 level on Monday. MicroStrategy shares jumped 11.5% to $1,556.89 during the session. Here are some other big stocks recording gains in today’s session. Trump Media & Technology Group Corp. (NASDAQ:DJT) shares jumped 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympath
Shares of SeaStar Medical Holding Corporation (NASDAQ:ICU) fell sharply during Wednesday's session after the company entered into a $10 million registered direct offering of 947,868 shares at $10.55 per share. SeaStar Medical shares dipped 34% to $8.55 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX) shares jumped 139% to $2.78 after the company announced results for a Swine Model pilot study for Probudur. Kazia Therapeutics Limited (NASDAQ:KZIA) gained 129% to $0.4325 after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of
U.S. stocks were mixed, with the Dow Jones index gaining around 300 points on Monday. Shares of ResMed Inc. (NYSE:RMD) fell sharply during Monday's session following sleep apnea data from Lilly. Citigroup analyst Mathieu Chevrier downgraded ResMed from Buy to Neutral. ResMed shares dipped 10.4% to $184.35 on Monday. Here are some other big stocks recording gains in today’s session. Molecular Partners AG (NASDAQ:MOLN) shares dipped 22.6% to $7.43. Cryoport, Inc. (NASDAQ:CYRX) fell 19.9% to $7.77. Cryoport announced a strategic partnership with Minaris Regenerative Medicine for cell and gene therapies advancement. BridgeBio Pharma, Inc. (NASDAQ:BBIO) dipped 19.2% to $22.1
Calla Zhao has served as BitFuFu's financial controller since September 2021.