BitFuFu Inc. Class A Ordinary Shares

FUFU▼

BitFuFu Q2 2026: Self-Mining Production Triples, Net Loss Widens

BitFuFu reported second-quarter 2026 results showing self-mining hashrate grew 9.3% quarter-over-quarter to 3.5 EH/s, with monthly production nearly tripling from 32 to 90 Bitcoin, while hosting revenue surged 254% year-over-year. However, total revenue and cloud mining revenue declined sharply year-over-year due to lower Bitcoin prices and reduced customer demand, with cloud mining net dollar retention rate falling to 24.1%. The company posted a net loss of $20.5 million, including $16.9 million in fair value losses on Bitcoin holdings and digital asset receivables and payables. Total cash and digital assets decreased from $177.1 million at year-end to $119.5 million, partly due to Bitcoin price depreciation and prepayments. BitFuFu repaid $10 million in Bitcoin-backed loans, reduced pledged Bitcoin from 357 to 54, and authorized a $5 million share repurchase program.

FUFU ▼BTC ▼

GuruFocus·28dRead more →

FUFU▲

BitFuFu shares climb after launching $5 million share repurchase plan

BitFuFu shares rose 8.2% in premarket trading on Monday after the Bitcoin mining company announced a $5 million share repurchase programme. The board approved the plan on June 22, 2026, authorising buybacks of Class A ordinary shares over a 24-month period starting June 24, 2026. Purchases may be made through open market transactions, privately negotiated deals, or other permitted methods, with timing and size dependent on market conditions. The company will fund the programme using existing cash and cash equivalents. Chairman and CEO Leo Lu said the initiative reflects confidence in BitFuFu's fundamentals and growth prospects while maintaining flexibility to invest in expanding global infrastructure and mining capacity.

FUFU ▲

Yahoo Finance·88dRead more →