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BitFuFu Inc.

BitFuFu Inc.

NASDAQ•FUFU
CEO: Mr. Leo Lu
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 2021-12-09
BitFuFu Inc. provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
Contact Information
111 North Bridge Road, #15-01, Peninsula Plaza, Singapore, 179098, Singapore
656-252-4595
www.bitfufu.com
Market Cap
$448.28M
P/E (TTM)
12.2
51.9
Dividend Yield
--
52W High
$5.98
52W Low
$2.55
52W Range
5%
Rank31Top 15.1%
5.4
F-Score
Modified Piotroski Analysis
Based on 5-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2024

Financial Dashboard

Q4 2025 Data

Revenue

$180.67M+82.20%
4-Quarter Trend

EPS

$0.07-50.00%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Revenue Growth Total revenues reached US$463.3M in 2024, marking a 63.1% increase driven by cloud mining and self-mining.
Net Income Surges Net income attributable to stockholders was US$54.0M in 2024, significantly up from US$10.5M in 2023.
Cloud Mining User Expansion Cloud mining registered users grew to 591,751 by year-end 2024; access to hosting capacity reached 551 MW.
Solid Cash Position Cash and cash equivalents totaled US$45.1M at December 31, 2024, supported by financing activities proceeds.

Risk Factors

Digital Asset Price Volatility Substantial volatility in Bitcoin prices directly affects revenue, profitability, and impairment risk for owned digital assets.
Internal Control Material Weakness Material weakness exists due to insufficient accounting personnel needed to address complex U.S. GAAP matters effectively.
Key Supplier Concentration Risk High reliance on limited suppliers; top three accounted for 81% of cost of revenue in 2024, impacting supply stability.
Evolving Digital Asset Regulation Uncertain regulatory landscape regarding digital asset classification may require costly compliance changes or operational restructuring.

Outlook

Increased R&D Investment Increased R&D spending to US$5.6M in 2024 to enhance proprietary Aladdin system and maintain technology advantage.
Strategic Capacity Expansion Acquired 51% stake in 51 MW Oklahoma data center for US$10.4M, funded by cash and stock, to expand operations.
Cloud Mining Business Focus Strategic shift prioritizing cloud-mining services; suspended equipment leasing and sourcing commissions in recent years.
Governance Structure Maintained Will maintain dual-class structure and controlled company status, utilizing Nasdaq governance exemptions for operational flexibility.

Peer Comparison

Revenue (TTM)

A-Mark Precious Metals, Inc.AMRK
$11.94B
+20.1%
Oppenheimer Holdings Inc.OPY
$1.54B
+12.9%
UP Fintech Holding LimitedTIGR
$560.59M
+66.1%

Gross Margin (Latest Quarter)

UP Fintech Holding LimitedTIGR
70.5%
+2.4pp
BitFuFu Inc.FUFU
4.0%
+7.9pp
A-Mark Precious Metals, Inc.AMRK
3.3%
+1.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TIGR$1.61B10.421.1%1.9%
OPY$794.59M9.59.6%4.2%
HTBK$769.50M17.78.3%707.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
32.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 24, 2026
|
EPS:$0.02
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 21, 2025|
    Revenue: $463.33M+63.1%
    |
    EPS: $0.34+4433.3%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 25, 2024|
    Revenue: $284.11M+43.3%
    |
    EPS: $0.01-50.0%
    N/A

  • Form 20-F - FY 2023

    Period End: Feb 29, 2024|Filed: Mar 7, 2024|Refer to amended data