e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - H.C. Wainwright has reiterated its Buy rating and $7.00 price target on BitFuFu Inc. (NASDAQ:FUFU), currently trading at $3.47, following the company’s strong second-quarter performance. According to InvestingPro data, analyst consensus remains bullish with price targets ranging from $6.00 to $10.27, suggesting significant upside potential.
BitFuFu reported revenue of $115.4 million for the quarter, representing a 48% sequential increase that exceeded H.C. Wainwright’s estimate of $101.6 million. The growth was primarily driven by an increase in network hashrate and a significant spike in cloud-mining activity. The company maintains healthy liquidity with a current ratio of 2.97, though InvestingPro analysis indicates relatively weak gross profit margins at 11.05%.
The company expanded its hash capacity to 36.2Eh/s by the end of June and further to 38.6Eh/s in July, up from 20.6Eh/s at the end of March. Power usage increased correspondingly to 728MW from 478MW at the end of the first quarter.
BitFuFu’s customer base grew to 623,114, marking a 57% year-over-year increase from 395,056. Cloud-mining generated 82% of the revenue mix, up from 69% in the first quarter as both retail and institutional customers utilized the platform.
The company plans to continue expanding its facilities in the United States, Ethiopia, and other jurisdictions with low-cost power and favorable business conditions, with potential development of gas-powered generators and mining infrastructure in North America and Africa.
In other recent news, BitFuFu Inc reported strong financial results for the second quarter of 2025, highlighting a notable increase in revenue and substantial growth in net income. The company’s advancements in mining technology and improvements in operational efficiency were key contributors to this performance. These developments have positively influenced investor sentiment, as evidenced by the sharp rise in the stock price following the earnings release. Analyst firms have recognized BitFuFu’s strategic progress, although specific upgrades or downgrades were not detailed in the available reports. The results underscore BitFuFu’s ability to leverage technological advancements to enhance its financial outcomes. Investors are closely monitoring these developments as they reflect the company’s ongoing efforts to strengthen its market position. The recent financial performance indicates a robust trajectory for BitFuFu in the current fiscal year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.