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SINGAPORE - BitFuFu Inc. (NASDAQ: FUFU), a global player in Bitcoin mining and mining services with a market capitalization of $567.61 million, reported significant operational growth in April 2025, with increases in hashrate management, power capacity, and Bitcoin holdings. The company’s total hashrate under management surged by 37.4% to 28.3 EH/s as of April 30, 2025, compared to the previous month. This growth is attributed to expanded supplier partnerships and increased hash power procurement. According to InvestingPro data, the company has demonstrated strong revenue growth of 63% over the last twelve months.
In the same period, BitFuFu’s total power capacity under management expanded by 18.4% to 566 MW, spreading its operations across five continents. The company’s Bitcoin holdings also grew to 1,908 BTC, marking an increase of 61 BTC from March 31, 2025, which was primarily the result of self-mining operations and net inflow from customer payments. While the company maintains a healthy current ratio of 4.15, InvestingPro analysis indicates the company faces challenges with its gross profit margins of 11.74%.
The mining innovator produced 209 BTC in April, of which 173 BTC came from cloud mining and 36 BTC from self-mining. BitFuFu’s cloud mining user base stood at 612,280 registered users by the end of April. Additionally, BitFuFuPool connected 10.9 EH/s of hashrate to the network, and BitFuFuOS optimized 9.7 EH/s of hashrate, adding software support for new Antminer models.
Looking ahead, BitFuFu plans to engage with the Bitcoin and investor communities at the upcoming Bitcoin 2025 conference in Las Vegas, where it will sponsor and present, and also at the Lytham Partners Spring 2025 Investor Virtual Conference. With the company’s next earnings report due on May 13, investors can access comprehensive analysis and 11 additional ProTips through InvestingPro’s detailed research report, one of 1,400+ available for top US stocks.
The company’s CEO, Leo Lu, expressed optimism about the firm’s progress and its future engagements. BitFuFu continues to focus on empowering the global Bitcoin network through its cloud mining platform, data center infrastructure, and mining services.
This report is based on a press release statement and reflects the company’s performance as of the end of April 2025. It should be noted that forward-looking statements in the press release are based on current expectations and are subject to uncertainties and changes in circumstances.
In other recent news, BitFuFu Inc. reported a significant increase in its Bitcoin holdings and mining capacity for March 2025, holding 1,847 Bitcoins, up by 47 BTC from the previous month. The company energized a substantial number of new miners, boosting its self-owned mining capacity to 1.1 EH/s, contributing to a total managed hashrate of 20.6 EH/s. In financial performance, BitFuFu saw a remarkable 63.1% rise in FY24 revenue, reaching $463.3 million, with cloud mining solutions and self-mining revenues showing substantial growth. H.C. Wainwright maintained a Buy rating for BitFuFu, setting a price target of $7, reflecting confidence in the company’s strategic initiatives and financial trajectory.
The company also announced strategic partnerships, including one with Bitmain for the purchase of up to 80,000 S21 miners, offering flexible payment terms. BitFuFu’s Q4 2024 earnings call highlighted a tripling of adjusted EBITDA to $117.5 million, supported by strategic relocations and cost reductions. The launch of BitFuFu OS in January 2025, a software platform optimizing Bitmain mining machines, was another significant development. BitFuFu continues to expand its cloud-mining services, with registered users reaching 607,377 by March’s end. The company plans to participate in several industry events, including the Jefferies Power x Coin Virtual Conference and the Bitcoin 2025 conference.
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