BitFuFu (FUFU) Reports March 2025 Bitcoin Mining and Operation Updates

BitFuFu Inc. (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for March 2025.

Key Highlights:

• Bitcoin Holdings: Held 1,847 Bitcoins ("BTC") as of March 31, 2025, increased by 47 BTC compared to the balance as of the end of February 2025.
• Bitcoin Production: Produced 234 BTC, including 58 BTC from self-mining operations and 176 BTC for cloud-mining customers.
• Miner Energization: Except that a portion of miners were sold to customers, most of the 2,000 S21 XP miners ordered in November 2024 and the 4,000 S21+ miners ordered in December 2024, have finished energization in the Company’s secured datacenters in U.S. as of the end of March 2025, adding 1.1EH/s self-owned mining capacity to the Company’s management hashrate network.

“We accelerated the energization of our self-owned S21 series miners in March 2025, adding over 1 EH/s of highly efficient self-mining hashrate, amid ongoing market volatility,” said Leo Lu, Chairman and Chief Executive Officer of BitFuFu. “As global macroeconomic risks mount, Bitcoin’s resilience as a store of value is becoming increasingly evident. With one of the most efficient mining fleets in the industry and a fast-paced vertical integration strategy, we are rapidly reducing our operating costs and strengthening our competitive edge.”

Bitcoin Holdings and Production:

• BTC Held: 1,847 BTC as of March 31, 2025¹, increased by 47 BTC compared to the balance as of the end of February 2025.
• Self-Mining Production: 58 BTC, unchanged from February 2025.
• Cloud-Mining Production: 176 BTC, representing a 9% increase from February 2025.

Hashrate Management:

• Total Hashrate Under Management: 20.6 EH/s as of March 31, 2025.
  • Self-Owned Hashrate: 4.2EH/s, increased by 1.1EH/s or 35% compared to last month as the Company self-owned S21 series miners purchased in the fourth quarter of 2024 were energized in March 2025.
  • Cloud-Mining and Co-Hosting: 16.4 EH/s.
• Miner Energization:
  • Except that a portion of miners were sold to customers, most of the 2,000 S21 XP miners ordered in November 2024, and the 4,000 S21+ miners ordered in December 2024, have finished energization in the Company’s secured datacenters in U.S. in March 2025.

Power and Facilities:

• Power Under Management: 478 MW total hosting capacity.

Mining Services:

• Cloud-Mining Growth: Registered users reached 607,377 as of March 31, 2025.

Upcoming Conferences & Events:

• April 16, 2025: Company to present at Jefferies Power x Coin Virtual Conference.
• May 27-29, 2025: Company to participate and present at Bitcoin 2025 in Las Vegas.
• May 29, 2025: Company to present at Lytham Partners Spring 2025 Investor Virtual Conference.

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