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MARKETS / NASDAQ / FUFU
NASDAQ · FINANCE SERVICES · MID CAP

Bitfufu Inc. FUFU

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$477.5M
▲ 3.1% YoY
$-31.3M
▼ 157.9% YoY
In brief

What this company does

BitFuFu Inc. provides digital asset mining solutions, including cloud-mining services and miner hosting services, to institutional customers and individual digital asset enthusiasts, and mines Bitcoin for its own account. As of December 31, 2025, it had mining capacity of 26.1 EH/s, of which 22.4 EH/s came from suppliers or leased miners and 3.7 EH/s came from its self-owned miners and from customers' hosted miners. As of December 31, 2025, it also had access to approximately 478 MW in hosting capacity at mining facilities on five continents. As of December 31, 2025, it provided hosting services through one mining facility in Ethiopia and three mining facilities in the United States, including Oklahoma and Arkansas. In 2023, 2024 and 2025, revenue from its top three customers, none of which are its affiliates or related parties, accounted for 26%, 31% and 60% of its total revenue in the same periods, respectively. As of December 31, 2023, 2024 and 2025, it had 29, 34 and 29 full-time employees, who were engaged by its subsidiaries and worked primarily in Singapore, the U.S. and the UAE.

Written from the business description in Bitfufu Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 28 April 2026. Every sentence was checked against that document before publication.

Growth
USD 477.5M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 477.5 · Net income -31.3
200M400M20212022202320242025
Compound annual growth
+34.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−7 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -5.0% · Net -6.5%
5%10%-2%-4%-6%20212022202320242025
ROE
FY2025 · ROE -19.2%
50%100%-5%-10%-15%20212022202320242025

Each USD of equity lost 19 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Net buybacks $ Dividends $
FY2022 · Dividends — · Net buybacks 437000.0
2000004000002022

Total assetsUSD 357.6M
CashUSD 27.8M
Gross debtUSD 15.0M
Net debtUSD -12.8M
Current ratio3.30×

Not available: we don't have the shareholders' equity figure for this period.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021
Revenue $B0.50.50.30.20.1
Operating income $B−0.00.10.00.00.0
EBITDA $B0.00.10.00.02.9
Income tax $B0.00.00.0−0.00.0
Net income $B−0.00.10.00.00.0
EPS, diluted $−0.180.330.070.020.03
Dividend / sh $·····
Payout %·····
ROE %−19.260.086.841.8101.9
Shares out B0.170.160.150.15·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsnot stated in the filings
SEC categoryemerging growth company
Data on record since2021

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