BitFuFu, Inc.

BitFuFu, Inc. (NASDAQ: FUFU) is a premier digital asset mining and cloud mining service provider, headquartered in Singapore. As a leading player in the blockchain industry, BitFuFu operates a large-scale hashrate network across three continents, managing a total mining capacity of 28.6 EH/s and 644 MW of hosting capacity as of Q1 2024. The company’s diverse business model includes cloud mining, self-mining, and hosting services, offering customers a one-stop solution for accessing digital asset mining rewards. BitFuFu’s strategic partnerships with industry leaders like Bitmain provide the company with competitive advantages in mining machine procurement and operational efficiency. The company’s proprietary technology, including the Aladdin mining platform, enhances its operational excellence, ensuring high uptime and secure hashrate management for millions of mining machines globally. With a strong performance track record and continued growth, BitFuFu has positioned itself as a resilient and innovative leader in the digital asset mining sector. The company reported a revenue of $144.4 million and an adjusted EBITDA of $49.9 million in Q1 2024, reflecting its robust business model and strategic focus on scaling operations while maintaining cost efficiency.

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