BitFuFu Inc
bitfufu.comWhat Do They Do?
Provides cloud-mining services and miner hosting to institutional customers and individual digital-asset enthusiasts, and mines Bitcoin for its own account.
20-F for FY2025, filed Apr 28, 2026
How Do They Make Money?
Cloud-mining customers can prepay for plans covering selected rental periods, and equipment buyers may prepay before delivery. The company also earns Bitcoin mining rewards, which its pools settle daily.
20-F for FY2025, filed Apr 28, 2026Due to our ability to slice our available mining capacity, we are able to procure units of mining capacity that are available for various…View ↗
A contract liability is the Company’s obligation to transfer goods or services to a customer for which the Company has received…View ↗
Our self-mining operations utilize BitFuFuPool, a joint venture of ours, and third-party mining pools, such as AntPool and SpiderPool, to…View ↗
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20-F for FY2025, filed Apr 28, 2026
FY2025 revenue by product or service ↗
$477.5M
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20-F for FY2025, filed Apr 28, 2026
$477.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Cloud mining solutions
Recurring
20-F for FY2025, filed Apr 28, 2026 |
74%
FY2022: 50%
|
Cloud mining solutions, FY2025
$352.6M Sources
|
Recurring |
|
Bitcoin self-mining revenue
|
13%
FY2022: 30%
|
Bitcoin self-mining revenue, FY2025
$63.1M Sources
|
|
|
Sales of mining equipment
Sold outright
20-F for FY2025, filed Apr 28, 2026 |
11%
FY2022: 5.3%
|
Sales of mining equipment, FY2025
$53.7M Sources
|
Sold outright |
|
Hosting services and others
|
1.7%
FY2022: 4.0%
|
Hosting services and others, FY2025
$8.1M Sources
|
Who Are Their Customers?
BitFuFu serves institutional customers and individual digital-asset enthusiasts with cloud-mining services and hosting. It promotes these offerings on its website, through industry collaborations and word of mouth; most customers approach it proactively.
20-F for FY2025, filed Apr 28, 2026We are a world-leading Bitcoin miner and mining services innovator, dedicated to fostering a secure, compliant, and transparent blockchain…View ↗
Sales and MarketingView ↗
We market our cloud-mining and hosting solutions primarily through word of mouth, press releases of our solutions and major collaboration…View ↗
Do Revenues Turn Into Profits?
No. It lost $31.3M in FY2025.
20-F for FY2025, filed Apr 28, 2026
How Are They Changing?
Growing. Revenue grew 4.6x in 4 years, from $103M in FY2021 to $477.5M in FY2025, about 47% a year.
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