Streetbeat News

FUFU

BitFuFu Inc.

Open

4.79

Mkt cap

762M

Volume

114K

High

4.79

P/E Ratio

20.35

52-wk high

18.32

Low

4.43

Div yield

N/A

52-wk low

2.32

Shares of crypto-related companies are trading lower in sympathy with Coinbase, potentially due to a drop in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:52 pm

BitFuFu Inc. (NASDAQ:FUFU) is acquiring a majority stake in an 80MW Bitcoin mining facility in Ethiopia, marking a strategic shift to owning mining infrastructure. This acquisition will increase their hosting capacity to over 600MW and reduce costs, while also creating local jobs.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 10:01 am

U.S. stocks rose on Monday, with notable gains for NVIDIA, Trump Media & Technology, Bausch + Lomb, and Sirius XM. NVIDIA's shares increased by 2.9% following a recommendation from a Chinese think tank to continue using its chips. Trump Media surged 16.2% after launching a new streaming service. Bausch + Lomb rose 8.8% after FDA approval of a product and potential acquisition interest. Sirius XM gained 8.1% as Berkshire Hathaway increased its stake.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 5:47 pm

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

U.S. stocks rose with the Dow gaining over 50 points. Kaival Brands surged 148% after a merger announcement, while Elevai Labs plummeted 63% following a public offering pricing. BitFuFu and Biohaven also saw significant gains. MINISO fell 17% after a downgrade.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 6:35 pm

U.S. stocks showed mixed performance with the Nasdaq Composite gaining 0.3%. Energy shares rose by 1.4%, while health care shares fell by 0.2%. The S&P Global manufacturing PMI fell to 47 in September. Kaival Brands Innovations Group surged 169% after a merger announcement, while Elevai Labs dropped 60% following a public offering pricing.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 4:18 pm

Biohaven Ltd. shares surged 18.4% after positive study results for Troriluzole. Other stocks like BitFuFu, TeraWulf, and Tesla also saw gains, with Tesla's rise linked to a reiterated Neutral rating by Cantor Fitzgerald.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 1:53 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

Crypto-linked stocks and miners are experiencing a rise in share prices following Iris Energy's FY24 results. Bitcoin is also trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:11 pm

Shares of companies within the broader tech sector are trading lower amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:34 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.