BitFuFu GAAP EPS of -$0.10

June 05, 2025 08:04 PM AEST | By EODHD

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BitFuFu GAAP EPS of -$0.10 — Image source: Kalkine Media

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* BitFuFu press release [https://seekingalpha.com/pr/20127297-bitfufu-reports-unaudited-first-quarter-2025-financial-results] (NASDAQ:FUFU [https://seekingalpha.com/symbol/FUFU]): Q1 GAAP EPS of -$0.10. * Total revenue was $78.0 million, a decrease of 46.0% from $144.4 million in the same period of 2024. This decrease was primarily attributable to the Bitcoin (“BTC”) mining “halving event” occurred in April 2024, increase in blockchain network difficulty and the temporary decrease in the Company’s hashrate under management year-over-year. * Total hashrate decreased by 28.0% to 20.6 EH/s as of March 31, 2025, compared to 28.6 EH/S as of March 31, 2024. This decrease was primarily due to the expiration of certain hash rate purchase orders and miner fleet relocation or upgrades by suppliers.

* Power capacity was 478 MW as of March 31, 2025, compared to 644 MW as of March 31, 2024. * Cloud-mining registered users increased by 89.1% to 607,377 as of March 31, 2025, compared to 321,184 as of March 31, 2024. * BTC held by the Company increased by 71.2% to 1,835 BTCs as of March 31, 2025, compared to 1,072 BTCs as of March 31, 2024. * MORE ON BITFUFU * BitFuFu: On Track For Strong Operating Income Growth In 2026 [https://seekingalpha.com/article/4786464-bitfufu-on-track-for-strong-operating-income-growth-in-2026] * BitFuFu: Excellent 2024 Earnings [https://seekingalpha.com/article/4771241-bitfufu-excellent-2024-earnings] * BitFuFu: FY24 Earnings Review, FY25 Operational Outlook [https://seekingalpha.com/article/4770806-bitfufu-fy24-earnings-review-fy25-operational-outlook] * BitFuFu boosts Bitcoin output 91% in May [https://seekingalpha.com/news/4455345-bitfufu-boosts-bitcoin-output-91-in-may] * BitFuFu produces 209 BTC in April [https://seekingalpha.com/news/4444523-bitfufu-produces-209-btc-in-april]

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