Latest news with #BitFuFu
Yahoo
3 days ago
- Business
- Yahoo
BitFuFu Hits Record 34.1 EH/s Hashrate as Bitcoin Production Surges in May
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April. Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu's self-mining operations. The increase was largely attributed to a full month's use of additional machines deployed in late April. More hardware was added at the end of May, setting the stage for potential gains in June. Hashrate under management jumped 20.5% from April and now includes 4.2 EH/s of self-owned capacity and 29.9 EH/s sourced from partners and customers. Average fleet efficiency stands at 19.1 joules per terahash, while total power capacity reached 651 megawatts, spread across sites on five continents. BitFuFu also resumed selling bitcoin in May after a four-month pause, offloading 178 BTC at an average price of $104,000. That move, timed around bitcoin's all-time high, helped the firm cover expenses and reinforce its balance sheet. The Singapore-based firm now holds 1,709 BTC, down from 1,908 BTC at the end of April. CEO Leo Lu said BitFuFu remains committed to long-term Bitcoin exposure while maintaining a flexible approach to treasury management.
Associated Press
4 days ago
- 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
Hamilton Spectator
07-05-2025
- Business
- Hamilton Spectator
BitFuFu Announces Sponsorship and Featured Speaker Appearance at Bitcoin 2025
SINGAPORE, May 07, 2025 (GLOBE NEWSWIRE) — BitFuFu Inc. ('BitFuFu' or the 'Company') (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, is proud to announce its sponsorship of Bitcoin 2025, the world's largest Bitcoin event, taking place May 27–29, 2025 in Las Vegas, Nevada. As part of this presence, Charley Brady, Vice President of Investor Relations at BitFuFu, will also participate as a featured speaker, joining thought leaders from across the Bitcoin ecosystem to discuss cloud mining. Bitcoin 2025 is expected to draw more than 30,000 attendees, 5,000 companies, and over 400 speakers from around the globe. Organized by BTC Inc., the event brings together developers, miners, investors, policy experts, and builders to chart the next phase of Bitcoin's evolution. 'We're excited to sponsor Bitcoin 2025 for the first time and help shape the conversation around Bitcoin's future,' said Leo Lu, Chairman and CEO of BitFuFu. 'Our mission has always been to make Bitcoin mining accessible to everyone through efficient, transparent, and secure mining solutions. Bitcoin 2025 provides the perfect platform to share our progress and vision.' BitFuFu will be on-site at Booth #711, showcasing its latest global deployment strategy, one-stop mining services, and proprietary technologies. Conference attendees will have the opportunity to engage with BitFuFu's team and gain insights into how cloud mining is transforming Bitcoin's infrastructure layer. Speaking Session Details: Session Name: How Virtualized Mining is Reshaping the Bitcoin Landscape Speaker: Charley Brady, Vice President of Investor Relations at BitFuFu Stage: Mining Stage Time & Date: May 27, 2025, from 10:30 AM – 11:00 AM PDT To learn more about BitFuFu's presence at Bitcoin 2025 or to schedule a meeting with the team, please contact pr@ . 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 data center 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: BitFuFu Investor Relations: ir@ Charley Brady, Vice President of Investor Relations: charley.b@ For general inquiries, please contact: BitFuFu Media Relations: pr@ A photo accompanying this announcement is available at
Yahoo
26-03-2025
- Business
- Yahoo
High Growth Tech Stocks To Watch In The US Market March 2025
The United States market has shown robust performance, climbing 2.9% in the last 7 days and up 11% over the past year, with earnings projected to grow by 14% per annum in the coming years. In this dynamic environment, identifying high growth tech stocks involves looking for companies with strong innovation potential and solid financial health that can capitalize on these favorable conditions. Name Revenue Growth Earnings Growth Growth Rating Super Micro Computer 20.44% 29.79% ★★★★★★ TG Therapeutics 26.18% 37.61% ★★★★★★ Travere Therapeutics 28.43% 65.01% ★★★★★★ AVITA Medical 27.74% 55.36% ★★★★★★ TKO Group Holdings 22.48% 25.17% ★★★★★★ Alvotech 31.17% 100.18% ★★★★★★ Clene 60.86% 63.07% ★★★★★★ Alnylam Pharmaceuticals 22.76% 58.40% ★★★★★★ Lumentum Holdings 21.55% 119.67% ★★★★★★ Ascendis Pharma 32.36% 59.79% ★★★★★★ Click here to see the full list of 237 stocks from our US High Growth Tech and AI Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Growth Rating: ★★★★★☆ Overview: BitFuFu Inc. operates in Singapore, offering digital asset mining and cloud-mining services, with a market cap of $726.54 million. Operations: The company specializes in digital asset mining and cloud-mining services. Its operations are based in Singapore, focusing on leveraging technological infrastructure to facilitate these services. BitFuFu has demonstrated robust growth, with its earnings skyrocketing by 414.2% over the past year, significantly outpacing the software industry's growth of 35.8%. This performance is underpinned by strategic expansions such as the acquisition of a 51-megawatt Bitcoin mining data center in Oklahoma for $20.4 million, enhancing operational efficiency and capacity for future growth. Additionally, the launch of BitFuFuOS promises to optimize mining operations and potentially increase earnings by up to 20%, reflecting BitFuFu's commitment to innovation and efficiency in tech development. With revenue expected to climb at an annual rate of 23.6%, BitFuFu is positioning itself as a formidable player in high-growth tech sectors through aggressive R&D investments and strategic market expansions. Click here to discover the nuances of BitFuFu with our detailed analytical health report. Review our historical performance report to gain insights into BitFuFu's's past performance. Simply Wall St Growth Rating: ★★★★★★ Overview: Super Micro Computer, Inc. develops and sells high-performance server and storage solutions based on modular and open architecture across various regions worldwide, with a market cap of $24.76 billion. Operations: The company generates revenue primarily from developing and providing high-performance server solutions, amounting to $20.82 billion. Super Micro Computer has recently demonstrated significant advancements in edge computing and AI solutions, underscoring its strategic positioning within high-growth tech sectors. In a remarkable achievement, Supermicro collaborated with FusionLayer to set a new industry record for the fastest deployment of NGINX instances at remote sites, which was completed in under 30 seconds. This development highlights Supermicro's commitment to enhancing cloud application portability and automation at the network edge—a critical area as businesses increasingly adopt multi-cloud and hybrid cloud architectures. Additionally, the company's introduction of an optimized storage server designed specifically for high-performance software-defined storage workloads in AI and ML applications showcases its innovative approach to meeting complex data demands efficiently. These initiatives are part of Supermicro's broader strategy to leverage cutting-edge technology partnerships and robust R&D investments to solidify its presence in essential tech domains, driving forward its market position while responding dynamically to evolving technological landscapes. Unlock comprehensive insights into our analysis of Super Micro Computer stock in this health report. Examine Super Micro Computer's past performance report to understand how it has performed in the past. Simply Wall St Growth Rating: ★★★★★☆ Overview: Ltd. operates a cloud-based web development platform catering to registered users and creators globally, with a market capitalization of approximately $9.66 billion. Operations: The company generates revenue primarily from its Internet Software & Services segment, amounting to $1.76 billion. recent advancements, including the launch of Wix Functions and integration with Printful, underscore its strategic innovation in high-growth tech sectors. The company reported a notable increase in annual revenue to $1.76 billion, up from $1.56 billion the previous year, with net income soaring to $138.32 million from $33.14 million, reflecting robust operational efficiency and market adaptation. These initiatives not only enhance Wix's product offerings but also solidify its position by tapping into evolving e-commerce and digital business trends, setting a strong foundation for sustained growth amidst dynamic market demands. Take a closer look at potential here in our health report. Explore historical data to track performance over time in our Past section. Delve into our full catalog of 237 US High Growth Tech and AI Stocks here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:FUFU NasdaqGS:SMCI and NasdaqGS:WIX. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
18-03-2025
- Business
- Associated Press
AXP and BitFuFu Partner in Power Generation
Successful completion of 14-day gas-to-power trial at Pathfinder production hub delivers ~1.5 MW/hour of electricity to power two bitcoin mining containers; The 14-day trial delivered ~85% system uptime and, since the end of the trial, the system has achieved greater than 90% uptime; AXP has secured the support of NASDAQ-listed Bitcoin miner BitFuFu, Inc. (NASDAQ: FUFU, for the next phase of expansion at Pathfinder; BitFuFu will supply additional ASIC Miners and other equipment to support the next phase of expansion, with AXP focused on delivering gas-to-power and site services; All parties are now committed to establishing power generation output of 25MW/hour by the end of CY2025 for a significant scale up of bitcoin mining operations, powered by Pathfinder's ~750 Bcf of contingent gas resources; The parties are now assessing further expansion opportunities. FLORENCE, CO / ACCESS Newswire / March 18, 2025 / AXP Energy Limited (ASX:AXP)(OTC PINK:AUNXF), ('AXP', 'Company') is pleased to report the successful completion of the initial trial of gas-to-power operations at the Pathfinder production hub in Colorado (announced 6 February 2025) that saw the Company deliver 1.5 MW/hour of electricity over 14 days at 85% uptime to support successful bitcoin mining activities. Since the completion of the trial, with further system adjustments, system uptime of greater than 90% has been achieved. AXP has, through its JV partner, secured the support of NASDAQ listed BitFuFu, Inc (NASDAQ: FUFU, ('BitFuFu') for the next phase of expansion of bitcoin mining activities at the Pathfinder Field which has a ready supply of natural gas from its portfolio of 24 wells which have further production upside. As communicated, AXP is now targeting the phased delivery of 25MW of electricity by the end of CY2025. The next step is to expand the first site to 5MW of electricity with BitFuFu contributing additional ASIC miners and associated equipment. In addition to scaling up operations at the Pathfinder Field, the parties also collaborating on other potential opportunities in North America with AXP as the energy provider. AXP Energy Managing Director, Dan Lanskey commented,"AXP is in an exciting position following this trial and we have had excellent fortune to deliver a reliable operation which has now been running smoothly for over a month. BitFuFu's participation is an outstanding development for AXP and aligns with our strategy of attracting counter parties that have the capacity and balance sheet to significantly scale up operations in Colorado and other sites under consideration. The first site acts as a valuable reference point, with all parties demonstrating they we can bring a reliable gas-to-power-bitcoin mining operation online in a fairly seamless manner, and that this can be replicated many times over for a greatly scaled up operation here. Our focus now turns to the build out of this next phase and we will report on progress as it unfolds. Work is now advancing on this phase and we are wasting no time. It is worth noting that this first site only consumed ~200 Mcf of gas per day, very modest flows, and the current portfolio of wells has capacity much beyond this.' About BitFuFu, Inc. BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining. BitFuFu received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN's strategic partner in the Bitcoin mining and mining services space. BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently. For more information, please visit This announcement has been authorised by the Board of AXP Energy Limited. FURTHER INFORMATION Dan Lanskey, Managing Director:+61 (0)451 558 018 Sam Jarvis, Non-Executive Chairman: +61 (0)418 165 686 ABOUT AXP ENERGY LIMITED AXP ENERGY Limited (ASX: AXP, OTC: AUNXF) is an oil & gas production and development company with core operations in Colorado. AXP is focused on repurposing stranded gas at its 100%-owned Pathfinder Field for power generation and plans to sell this power to data centre operators and owners focused on High Performance Computing (HPC) including AI, rendering and other high processor intensive operations. AXP has 24 operating oil & gas wells at its Pathfinder Field. DISCLAIMER This announcement contains or may contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'expects', 'will,' 'anticipates,' 'estimates,' 'believes,' or statements indicating certain actions 'may,' 'could,' or 'might' occur. Hydrocarbon production rates fluctuate over time due to reservoir pressures, depletion, down time for maintenance and other factors. The Company does not represent that quoted hydrocarbon production rates will continue indefinitely.
