BitFuFuFUFU
FUFU
About: BitFuFu Inc is a digital asset mining and cloud-mining service provider that fosters a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital assets.
Employees: 29
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
172% more capital invested
Capital invested by funds: $3.32M [Q2] → $9.03M (+$5.71M) [Q3]
120% more funds holding
Funds holding: 5 [Q2] → 11 (+6) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
1.16% less ownership
Funds ownership: 2.53% [Q2] → 1.37% (-1.16%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
33%
upside
Avg. target
$7
33%
upside
High target
$7
33%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede 52% 1-year accuracy 32 / 61 met price target | 33%upside $7 | Buy Reiterated | 9 Dec 2024 |
Financial journalist opinion
Based on 7 articles about FUFU published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
BitFuFu Surpasses 520,000 Registered Cloud-Mining Users
SINGAPORE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced that its registered cloud-mining users surpassed 520,000.
Neutral
GlobeNewsWire
2 weeks ago
BitFuFu Signs Long-Term Lease for Two Mining Facilities with 33 MW Capacity in the U.S.
SINGAPORE, Dec. 11, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities with a combined capacity of 33 megawatts (MW) in the U.S. The lease agreements grant BitFuFu the option to acquire a majority stake in both mining facilities.
Neutral
GlobeNewsWire
2 weeks ago
BitFuFu Announces November 2024 Production and Mining Operations Update
● 1,643 BTC held and 84 BTC produced from self-mining operations in November 2024 ● Net cash of US$98 million as of November 30, 2024 ● Targeting 1 GW of additional capacity by the end of 2026 SINGAPORE, Dec. 06, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced unaudited production and mining operations updates for November 2024. Starting in December 2024, BitFuFu will begin regularly issuing monthly updates for investors and the general public and expects to gradually expand its monthly disclosures with additional data.
Neutral
GlobeNewsWire
3 weeks ago
BitFuFu Launches Private-Label Mining Pool Offering Competitive Commission Rates as Low as 0.4%
SINGAPORE, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the launch of BitFuFu Pool, its private-label mining pool offering industry-leading commission rates starting as low as 0.4%. Beginning next week, BitFuFu Pool will be available to BitFuFu app users when purchasing cloud-mining products and miner services where they can also receive promotional benefits. BitFuFu Pool is exclusively focused on Bitcoin mining, with plans to expand to other digital assets in the future.
Neutral
GlobeNewsWire
3 weeks ago
BitFuFu Reports Company Owns 1,664 BTC, Highlighting Leadership in Bitcoin Self-Mining and Cloud-Mining Solutions
SINGAPORE, Dec. 05, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the Company owns 1,664 BTC as of today, underscoring the Company's disciplined treasury management strategy.
Neutral
GlobeNewsWire
3 weeks ago
BitFuFu Enhances One-Click Mining User Experience with Upgraded Website and Mobile App
SINGAPORE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including Cloud mining，today announced the launch of its upgraded website and mobile app, delivering a reimagined one-click digital asset mining experience. The enhanced platform features an intuitive, user interface, faster navigation, and improved access to BitFuFu's products and services. These advancements reflect BitFuFu's dedication to innovation and its commitment to empowering users with cutting-edge, user-friendly solutions tailored to their needs.
Neutral
GlobeNewsWire
3 weeks ago
BitFuFu to Participate in the Inaugural B. Riley Securities Energy Convergence Conference
SINGAPORE, Nov. 29, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”), a global leader in Bitcoin mining and comprehensive mining services, today announced it will participate in the inaugural B. Riley Securities Energy Convergence Conference: Mining, Nuclear and Infrastructure on Wednesday, December 4, 2024, at the Hotel Eventi in New York City.
Neutral
GlobeNewsWire
1 month ago
BitFuFu Announces Changes in Board of Directors
SINGAPORE, Nov. 15, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced changes in its board of directors (the “Board”).
Neutral
GlobeNewsWire
1 month ago
BitFuFu Secures $100 Million Credit Line From Antpool Technologies
Singapore, Nov. 12, 2024 (GLOBE NEWSWIRE) -- BitFuFu, Inc.. (NASDAQ: FUFU, FUFU.WS) (“BitFuFu” or the “Company”), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that its wholly owned subsidiary has entered into a two-year Master Loan Agreement (“MLA”) with Antpool Technologies, granting the Company access up to $100 million in capital. Funds drawn under the MLA will be used for general corporate purposes, including potential M&A opportunities and covering hosting fees to retain Bitcoin holdings and capitalize on potential price appreciation.
Neutral
Seeking Alpha
1 month ago
BitFuFu Earnings: A Bad Q3 And Larger Concerns
BitFuFu is a Bitcoin mining company that generates revenue from both self-mining and selling customers cloud mining packages. Cloud mining is a problematic business when mining profitability is low because customers often lose money on their packages. While cloud mining customers surged year over year, Q3 was still a bad quarter based on operating income.
Charts implemented using Lightweight Charts™