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Bitfufu Inc. (FUFU)
:FUFU
Earnings Data
Report Date
May 26, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: -5.61%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, successful strategic expansions, and innovative product offerings, illustrating strong operational and financial performance. However, challenges such as increased mining costs, decreased Bitcoin production, and higher operating expenses were also noted. Despite these challenges, the overall sentiment leans towards optimism due to the company's strategic initiatives and growth trajectory.Company Guidance
During BitFuFu's Full Year 2024 Earnings Conference Call, the company provided several key metrics reflecting its robust performance and strategic initiatives. In 2024, BitFuFu achieved a record total revenue of $463.3 million, a 63.1% increase from the previous year, with cloud mining solutions contributing 59% of this revenue. The company's net income reached $54 million, and adjusted EBITDA was at an all-time high of $117.5 million, marking a compound annual growth rate (CAGR) of 65% and 177%, respectively, from 2021 to 2024. Despite the Bitcoin halving event, which reduced the block subsidy, BitFuFu's mining capacity under management increased to 28 EH/s in early 2024, with hosting capacity rising to 551 MW by year-end. The company strategically relocated and expanded its operations, notably acquiring a majority stake in an 80 MW facility in Ethiopia with a low electricity cost of $0.036 per kWh and reducing average hosting costs by 25% compared to 2023. Looking ahead, BitFuFu aims to achieve a mining capacity of 33 EH/s and hosting capacity between 650 MW and 800 MW by the end of 2025, while continuing to focus on vertical integration and cost optimization.Record-Breaking Revenue and Growth
BitFuFu achieved $463.3 million in total revenue for 2024, a 63.1% increase from $284.1 million in 2023. Net income was $54 million and adjusted EBITDA reached $117.5 million, both hitting historical highs.
Successful NASDAQ Listing and Expansion
BitFuFu successfully listed on NASDAQ in March 2024 and expanded its hosting and Bitcoin mining capacity, transitioning to owning data center assets.
Cloud Mining Growth
Cloud mining revenue reached $271 million in 2024, up 52.2% year-over-year, driven by strong repeat business from existing customers and new customer acquisitions.
Strategic Relocation and Cost Reduction
Relocated mining machines from higher cost U.S. facilities to lower cost operations in Ethiopia, reducing average hosting costs by 25% by the end of 2024.
Vertical Integration and Power Capacity Expansion
Acquired majority stakes in facilities in Ethiopia and Oklahoma, with plans to expand secured power capacity to 1 GW over the next two years.
Innovative Product Offerings
Launched BitFuFuOS and BitFuFu Pool, providing advanced mining tools and solutions, with BitFuFuOS increasing mining earnings by up to 20%.
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FUFU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FUFU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $4.46 | $5.50 | +23.32% |
| Nov 05, 2024 | $4.56 | $4.57 | +0.22% |
| Aug 20, 2024 | $4.84 | $4.30 | -11.16% |
| May 20, 2024 | $3.53 | $3.40 | -3.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bitfufu Inc. (FUFU) report earnings?
Bitfufu Inc. (FUFU) is schdueled to report earning on May 26, 2025, TBA Not Confirmed.
What is Bitfufu Inc. (FUFU) earnings time?
Bitfufu Inc. (FUFU) earnings time is at May 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FUFU EPS forecast?
FUFU EPS forecast for the fiscal quarter 2025 (Q1) is 0.04.
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