Bitfufu Inc.

BitFuFu Inc. announced that its board of directors has approved a share repurchase program, authorizing the company to repurchase up to US$5 million of its Class A ordinary shares. The program will commence on June 24, 2026, and extend for a 24-month period. This initiative reflects the company's confidence in its fundamentals and growth prospects, aiming to enhance shareholder value and maintain financial strength for strategic investments.

BitFuFu Inc. announced its board of directors approved a share repurchase program of up to $5 million of its Class A ordinary shares. The program will run for 24 months starting June 24, 2026, and aims to demonstrate confidence in the company's long-term prospects and deliver value to shareholders. The company plans to fund repurchases using existing cash and cash equivalents, reflecting a commitment to disciplined capital allocation and continued investment in growth.

BitFuFu Inc. announced its unaudited Bitcoin production and operational metrics for May 2026, reporting a 22.1% month-over-month increase in total Bitcoin production to 177 BTC. A significant strategic shift saw self-mining output nearly triple to 90 BTC, now accounting for over half of total production, reflecting a deliberate capital allocation decision to accumulate Bitcoin. The company's Bitcoin holdings grew to 1,855 BTC, and the increase in production was primarily due to easing power curtailment in Ethiopia.

BitFuFu Inc. reported unaudited financial results for the first quarter of 2026, with total revenue decreasing by 6.8% to $72.7 million. The company's net loss widened significantly to $35.0 million, compared to a net loss of $16.9 million in the same period of 2025. Adjusted EBITDA was negative $34.4 million, primarily due to a $35.6 million non-cash fair value loss resulting from a decrease in Bitcoin prices. Despite the financial setbacks, BitFuFu increased its total hashrate under management to 25.9 EH/s and maintained a combined balance of $141.5 million in cash and digital assets.

BitFuFu Inc. reported a 6.8% decrease in total revenue to $72.7 million for Q1 2026, down from $78.0 million in the prior year. The company's net loss significantly widened to $35.0 million, compared to a net loss of $16.9 million in Q1 2025, primarily due to a $35.6 million non-cash fair value loss on digital assets from declining Bitcoin prices. Despite the financial headwinds, Cloud Mining Solutions revenue grew 7.1% to $57.5 million, and total hashrate under management increased to 25.9 EH/s.

BitFuFu Inc. reported its April 2026 operational metrics, showing a decrease in Bitcoin production to 145 BTC from 214 BTC in March, primarily due to a power outage and strategic reduction in third-party hashrate procurement to preserve profitability. Total hashrate under management also declined to 22.4 EH/s. Despite this, the company increased its Bitcoin holdings to 1,812 BTC, reflecting its long-term conviction in Bitcoin. The CEO highlighted disciplined decision-making and improved power conditions at its Ethiopia facility since May 2.

BitFuFu Inc. announced a new hosted mining offering for the ANTMINER S21 XP at a competitive rate of $9.50 per terahash per second (TH/s), featuring a hosting fee as low as $0.068/kWh. This offering is designed to provide individuals and institutions with direct access to professional-grade Bitcoin mining infrastructure, with customers retaining full ownership and receiving daily mining rewards. The company also confirmed its return as a sponsor for Bitcoin 2026, where it will showcase its full suite of mining services and host a panel discussion.

BitFuFu Inc. announced its unaudited Bitcoin production and operational metrics for March 2026, reporting a slight decrease in total Bitcoin production and hashrate under management. Total Bitcoin production for the month was 214 BTC, a 5.7% decline from 227 BTC in February, while total hashrate decreased to 25.9 EH/s from 26.4 EH/s. The company strategically disposed of older self-owned mining machines, contributing to a decline in self-owned hashrate, with plans to refresh capacity with more energy-efficient equipment. BitFuFu also sold 80 BTC in March as part of its treasury strategy, reducing its Bitcoin holdings to 1,794 BTC, but reiterated its long-term objective to increase holdings, with CEO Leo Lu emphasizing the company's strong position in cloud mining amidst network difficulty volatility.