Latest news with #BitFuFuInc
Toronto Star
5 days ago
- Business
- Toronto Star
BitFuFuPool Surpasses 20 EH/s, Ranks Among Top Global Bitcoin Mining Pools
SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — BitFuFu Inc. ('BitFuFu' or the 'Company') (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced that its private-label Bitcoin mining pool, BitFuFuPool, has surpassed 20 exahashes per second (EH/s) in hashrate, just eight months after its public launch. This achievement places BitFuFuPool among the top 11 largest Bitcoin mining pools worldwide.
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
BitFuFuPool Surpasses 20 EH/s, Ranks Among Top Global Bitcoin Mining Pools
SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — BitFuFu Inc. ('BitFuFu' or the 'Company') (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced that its private-label Bitcoin mining pool, BitFuFuPool, has surpassed 20 exahashes per second (EH/s) in hashrate, just eight months after its public launch. This achievement places BitFuFuPool among the top 11 largest Bitcoin mining pools worldwide. BitFuFuPool's web interface With a hashrate of 20 EH/s, BitFuFuPool can theoretically produce an average of 10 BTC per day, worth approximately $1.18 million based on current market prices. This robust output delivers more stable and consistent block rewards to a growing base of miners, including BitFuFu's mining services users. 'BitFuFuPool surpassing 20 EH/s reflects both the scalability of our infrastructure and the growing trust we've earned across the mining ecosystem,' said Leo Lu, Chairman and CEO of BitFuFu. 'BitFuFuPool empowers our clients with greater control, transparency, and convenience, and also enhances our own mining efficiency.' BitFuFuPool is one of only two self-operated mining pools owned by U.S.-listed Bitcoin mining companies, and is a critical component of BitFuFu's vertically integrated mining ecosystem, complementing the Company's cloud mining, miner hosting, hardware sales, and software. The pool adopts a Full Pay-Per-Share (FPPS) reward model and offers a competitive commission rate, starting as low as 0%. Under the FPPS model, miners are guaranteed a fixed payout for their contributed hashrate, regardless of whether the pool successfully mines a block. It offers miners a seamless, high-performance experience built around three key advantages: transparent earnings, stable service, and convenient management. Miners benefit from real-time performance metrics and automatic daily Bitcoin payouts. BitFuFu's distributed infrastructure, built by an experienced technical team, can simultaneously connect millions of mining machines, while its global node provides around-the-clock operational stability. A three-tiered account system, accessible with just an email registration, simplifies account and machine management. The pool's rapid growth is also supported by cutting-edge technologies such as BitFuFuOS and the Aladdin management system. These tools help miners maximize the efficiency of their machines and automatically allocate hashrate based on real-time network conditions, improving overall mining performance. As BitFuFu continues to expand globally, the Company remains committed to building a sustainable, high-performance mining platform—with BitFuFuPool serving as a cornerstone of that ecosystem. As of June 30, 2025, BitFuFu managed a total hashrate of 36.2 EH/s, 728 MW of power capacity, and held 1,792 BTC. For more information, please visit . About BitFuFu Inc. BitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling infrastructure, and innovative mining services. For more information, visit or follow BitFuFu on X @ BitFuFuOfficial . Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'will,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'target' or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law. Investor Contact: BitFuFu Investor Relations ir@ Charley Brady Vice President, Investor Relations: charley.b@ Media Contact: BitFuFu Media Relations pr@ A photo accompanying this announcement is available at
Yahoo
20-06-2025
- Business
- Yahoo
H.C. Wainwright Maintains a Buy on BitFuFu (FUFU)
BitFuFu Inc. (NASDAQ:FUFU) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 6, H.C. Wainwright analyst Kevin Dede maintained the Buy rating on BitFuFu Inc. (NASDAQ:FUFU), with the associated price target remaining the same at $7.00. The analyst assigned the rating based on the company's strategic market position and growth potential, as it has performed notably by exceeding its 2025 year-end objectives well ahead of schedule. A close-up of a person's hands holding cryptocurrency coins. By the end of May, BitFuFu Inc. (NASDAQ:FUFU) attained a network hash rate of 34.1Eh/s and managed 651 MW of power, positioning it among the top five publicly traded bitcoin miners and reflecting its scale and focus. The analyst reasoned that another notable strategic move that favors a Buy rating for BitFuFu Inc. (NASDAQ:FUFU) is its transition to a hybrid model integrating self-mining with expanded cloud services. In addition, the company is poised to benefit from potential bitcoin price hike and enhance its vertical integration, supported by factors such as the acquisition of Oklahoma and Ethiopia facilities and the ramp-up of the S21 series machines. BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It operates through a range of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services, catering to both individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure. While we acknowledge the potential of FUFU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
BitFuFu Inc. (FUFU) Reports Q1 Loss, Misses Revenue Estimates
BitFuFu Inc. (FUFU) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -350%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced earnings of $0.14, delivering a surprise of 566.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. BitFuFu Inc. , which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $78.04 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 21.81%. This compares to year-ago revenues of $144.41 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BitFuFu Inc. Shares have lost about 26.3% since the beginning of the year versus the S&P 500's gain of 1.5%. While BitFuFu Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BitFuFu Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $111.44 million in revenues for the coming quarter and $0.18 on $479.29 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, HIVE Digital Technologies (HIVE), is yet to report results for the quarter ended March 2025. This crypto currency mining company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -266.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. HIVE Digital Technologies' revenues are expected to be $31.96 million, down 13.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BitFuFu Inc. (FUFU) : Free Stock Analysis Report HIVE Digital Technologies Ltd. (HIVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
04-06-2025
- Business
- Associated Press
BitFuFu Announces May 2025 Bitcoin Mining and Operation Updates, Highlighting Record Hashrate of 34.1 EH/s
SINGAPORE, June 04, 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 May 2025. 'To meet the continued strong demand for cloud mining services, in May we further expanded our hashrate and power capacity to record levels of 34.1 EH/s and 651 MW, respectively,' said Leo Lu, Chairman and CEO of BitFuFu. 'In May 2025 alone, BitFuFu mined 400 BTC, including 357 BTC mined by our cloud-mining customers. The significant increase in Bitcoin production in May, up 91.4% month-over-month, directly reflects a full month's contribution from the additional hashrate purchased in late April. Similarly, the new hashrate acquired at the end of May is expected to position the Company for another strong increase in Bitcoin production in June, as Bitcoin productions benefit from this expanded capacity throughout the entire month.' Lu continued, 'Consistent with our disciplined treasury management strategy, after suspending Bitcoin sales for almost four months, we opportunistically sold 178 BTC at an average price of $104,000 during the recent all-time high in May. These strategic sales enabled us to capitalize on favorable market conditions, efficiently cover operational expenses, and strengthen our liquidity. Our long‑term conviction in Bitcoin is unchanged, and we will continue to hold a substantial balance while managing the business responsibly.' May 2025 Highlights ( as of May 31, 2025 ) Bitcoin Holdings and Production Hashrate Overview Power and Infrastructure Mining Services About BitFuFu Inc. BitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling infrastructure, and innovative mining services. For more information, visit or follow BitFuFu on X @ BitFuFuOfficial. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'will,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'target' or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law. For investor inquiries, please contact: For general inquiries, please contact: BitFuFu Media Relations: [email protected] 1 Includes 689 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud mining customers 2 Hashrate may be used for both self-mining and cloud-mining
