Bitfufu Inc. (FUFU)
BitFuFu Inc., a company operating out of Singapore, specializes in providing solutions for digital asset mining, encompassing both direct and cloud-based services. The firm further supports a diverse clientele, ranging from major institutions to individual cryptocurrency enthusiasts, by offering equipment rental, dedicated hosting facilities, and sales of mining hardware.
Sector: Finance Services
Industry: Financial - Capital Markets
BitFuFu Inc.
NASDAQ:FUFUFinancial Services · Financial - Capital Markets
+8.28%$1.08
AH Close$1.08+0.00%vs close
AH Close$1.08+0.00%vs close
Mkt Cap$180.03M
Float17.54M
O/S166.7M
Inst Own0.6%
SI0.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$477.53M
Net Income-$31.25M
Total Assets$357.58M
Free Cash Flow-$140.99M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$113.16M
Total Equity$144.1M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FUFU's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$357.58M
Liabilities$207.98M
Accounts Receivable$89.21M
Accounts Payable$4.66M
Inventory$21.71M
PP&E (Net)$21.11M
Goodwill$4.24M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $477.53M | $463.33M | $284.11M | $198.2M | $103.04M | $1.23M |
| YoY Growth | 3.1% | 63.1% | 43.3% | 92.3% | 8297.2% | - |
| Cost of Revenue | $448.6M | $433.61M | $271.39M | $161.97M | $94.02M | $1.09M |
| Gross Profit | $28.93M | $29.72M | $12.71M | $36.23M | $9.03M | $140K |
| Gross Margin | 6.1% | 6.4% | 4.5% | 18.3% | 8.8% | 11.4% |
| Research and Development | $2.54M | $5.6M | $1.74M | $1.56M | $470K | $691K |
| Selling, General, and Administrative | $12.85M | $32.73M | $5.54M | $4.69M | $3.03M | $580K |
| Other | $981K | -$74.81M | -$11.14M | $26.08M | -$305K | -$19K |
| Total Operating Expenses | $16.38M | -$36.47M | -$3.86M | $32.33M | $3.19M | $1.25M |
| Operating Income (EBIT) | $12.56M | $66.2M | $16.57M | $3.9M | $5.84M | -$1.11M |
| Operating Margin | 2.6% | 14.3% | 5.8% | 2.0% | 5.7% | -90.7% |
| Interest Expense | $8.56M | $6.33M | $5.54M | $2.52M | $0 | $0 |
| Interest Income | $2.28M | $1.62M | $1.05M | $343K | $135K | $0 |
| Other Income (Expense) | -$41.82M | -$4.57M | -$3.89M | -$2.12M | $134K | $7K |
| Income Before Tax (EBT) | -$29.26M | $61.63M | $12.68M | $1.78M | $5.97M | -$1.11M |
| Income Tax Expense | $1.88M | $7.67M | $2.18M | -$666K | $1.04M | $0 |
| Net Income | -$31.25M | $53.96M | $10.49M | $2.44M | $4.93M | -$1.11M |
| Net Income Margin | -6.5% | 11.6% | 3.7% | 1.2% | 4.8% | -90.1% |
| Supplementary Data | ||||||
| EPS | -0.19 | 0.34 | 0.01 | 0.01 | 0.03 | -0.01 |
| Diluted EPS | -0.19 | 0.33 | 0.01 | 0.01 | 0.03 | -0.01 |
| Weighted Average OS | 164.33M | 160.99M | 162.90M | 162.90M | 160.40M | 157.90M |
| EBITDA | $7.33M | $92.69M | $42.71M | $22.45M | $5.53M | $0 |
| EBITDA Margin | 1.5% | 20.0% | 15.0% | 11.3% | 5.4% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $27.76M | $38.2M | $32.01M | $60.43M | $13.31M | $0 |
| Short-Term Investments | $521K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $28.28M | $38.2M | $32.01M | $60.43M | $13.31M | $0 |
| Accounts Receivable | $89.21M | $62.83M | $3.88M | $6.27M | $88.17M | $0 |
| Inventory | $21.71M | $246K | $0 | $0 | $0 | $0 |
| Other Current Assets | $153.53M | $136.84M | $43.94M | $8.35M | $10.39M | $1.38M |
| Total Current Assets | $324.54M | $265.27M | $121.27M | $87.57M | $116.24M | $1.38M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $21.11M | $55.98M | $81.86M | $106.29M | $51K | $0 |
| Goodwill | $4.24M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $177K | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $11.11M | $8.6M | $4.22M | $0 | $0 | $0 |
| Other Long-Term Assets | -$3.58M | $47.83M | $2.68M | $4.47M | $0 | $0 |
| Total Long-Term Assets | $33.04M | $112.41M | $88.76M | $110.76M | $51K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $357.58M | $377.68M | $210.03M | $198.34M | $116.3M | $1.38M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $4.66M | $14.12M | $806K | $38K | $10.85M | $193K |
| Short-Term Debt | $18.6M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $2.23M | $2.23M | $0 | $1.03M | $0 |
| Current Unearned Revenue | $50.57M | $15.76M | $47.72M | $0 | $92.7M | $1.24M |
| Other Current Liabilities | $10.52M | $22.48M | $290K | $13.04M | $6.39M | $38K |
| Total Current Liabilities | $98.49M | $63.89M | $86.36M | $82.06M | $111.46M | $1.47M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $94.36M | $34.95M | $0 | $109.44M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $14.93M | $15.07M | $3.9M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $101.3M | $102.44M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $109.49M | $151.32M | $106.34M | $109.44M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $207.98M | $215.22M | $192.7M | $191.5M | $111.46M | $1.47M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $17K | $16K | $15K | $15K | $2K | $2K |
| Retained Earnings | $46.92M | $78.17M | $17.77M | $7.28M | $4.83M | -$92K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$1.56M |
| Other Stockholders' Equity | $97.17M | $84.28M | -$452K | -$453K | -$2K | -$2K |
| Total Equity | $144.1M | $162.46M | $17.33M | $6.84M | $4.83M | -$92K |
| Minority Interest | $5.5M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $352.08M | $377.68M | $210.03M | $198.34M | $116.3M | $1.38M |
| Supplementary Data | ||||||
| Total Debt | $113.16M | $34.95M | $2.38M | $109.44M | $105K | $0 |
| Net Debt | $85.4M | -$3.25M | -$32.01M | $49M | -$13.31M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$31.14M | $53.96M | $10.49M | $2.44M | -$95K | -$1.11M |
| Depreciation & Amortization | $28.03M | $24.73M | $24.5M | $18.16M | $3K | $1.13M |
| Deferred Income Tax | $934K | $6.79M | $0 | -$4.47M | $0 | $0 |
| Stock-Based Compensation | $588K | $26.07M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $0 | -$60.62M | $0 | $132.8M | $0 | $0 |
| Inventory | $102K | -$142K | $0 | $0 | $0 | $0 |
| Accounts Payable | -$297K | $1.37M | $0 | $25K | $0 | $0 |
| Other Working Capital | $26.17M | -$1.54M | -$38.74M | -$81.5M | $2.74M | $0 |
| Total Working Capital Change | $25.98M | -$60.94M | -$38.74M | $51.33M | $2.74M | $0 |
| Other Non-Cash Items | -$137.32M | -$270.49M | -$192.22M | -$74.9M | $13.28M | -$26K |
| Net Cash from Operating | -$112.93M | -$219.87M | -$195.97M | -$7.44M | $15.93M | $0 |
| Investing Activities | ||||||
| Capital Expenditures | -$9.06M | -$37K | -$68K | -$3.85M | -$54K | $0 |
| Acquisitions | -$9.39M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$521K | $0 | $0 | -$2M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $108.81M | $167.97M | $176.96M | $62.53M | -$2.56M | $0 |
| Net Cash from Investing | $89.84M | $167.93M | $176.9M | $56.67M | -$2.61M | $0 |
| Financing Activities | ||||||
| Debt Repaid | - | - | $7M | - | - | - |
| Common Stock Issuance | $5.74M | $75.19M | $0 | $1.56M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$2M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$10.14M | -$2.35M | -$1.67M | $0 | $0 |
| Net Cash from Financing | $5.74M | $65.05M | -$9.35M | -$2.11M | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$17.35M | $13.11M | -$28.43M | $47.12M | $13.31M | $0 |
| Supplementary Data | ||||||
| Operating Cash Flow | -$112.93M | -$219.87M | -$195.97M | -$7.44M | $15.93M | $0 |
| Capital Expenditure | -$28.06M | -$16.86M | -$68K | -$14.68M | -$15.75M | $0 |
| Free Cash Flow | -$140.99M | -$236.74M | -$196.04M | -$22.12M | $180K | $0 |
| Cash at Beginning | $45.11M | $32.01M | $60.43M | $13.31M | $0 | $0 |
| Cash at End | $27.76M | $45.11M | $32.01M | $60.43M | $13.31M | $0 |