Streetbeat News

FUFU

BitFuFu Inc.

https://www.bitfufu.com

Industry

Financial - Capital Markets

BitFuFu Inc. provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.

Open

4.42

Mkt cap

747M

Volume

203K

High

4.94

P/E Ratio

19.91

52-wk high

7.39

Low

4.50

Div yield

N/A

52-wk low

2.32

BitFuFu, a digital asset mining service provider, has secured a $100 million credit line from Antpool Technologies. The funds will be used for general corporate purposes, including potential mergers and acquisitions and covering hosting fees.

Portfolio Pulse from

November 12, 2024 | 7:45 am

BitFuFu, a Bitcoin mining company, reported a poor Q3 performance with concerns over its cloud mining business. Despite a year-over-year increase in cloud mining customers, low mining profitability led to a negative impact on operating income.

Portfolio Pulse from

November 08, 2024 | 1:15 pm

BitFuFu Inc. (NASDAQ: FUFU) has been awarded Best Technology Solution Provider for Digital Assets – Cloud, recognizing its innovation in digital asset mining and cloud services.

Portfolio Pulse from

November 08, 2024 | 11:45 am

BitFuFu has reported its unaudited financial results for the third quarter of 2024, highlighting a significant expansion in both hosting and mining capacities. Hosting capacity has increased to 556 MW, while mining capacity has grown by 88.5% year-over-year to 26.2 EH/s.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

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

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