Jun. 5 at 10:07 AM
$FUFU BitFuFu reports Q1 EPS (10c) vs. 22c last year
Reports Q1 revenue
$78.04M vs.
$144.4M last year. Leo Lu, Chief Executive Officer and Chairman of the Board of Directors, said, "As expected, we faced a more challenging operating environment in the first quarter of 2025. While performance of the first quarter reflected the expected post-halving transitional impact, our record-breaking hashrate in May validates our infrastructure scaling strategy and sets a strong tone for the second quarter and the rest of 2025.
This rebound underscores the strength of our supplier relationships, the agility of our procurement strategy, and the resilience of our overall business model. In the first quarter of 2025, we closed the acquisition of a mining facility in Oklahoma and lifted our self-owned hash rate to 4.2EH/s. The Oklahoma acquisition represents a milestone in our vertical integration journey, enabling us to improve cost efficiency, resilience, and long-term profitability.
Moreover, we broadened our network, added new partners, expanded our global footprint and added new customers across key growth markets. Going forward, we will keep our focus on disciplined execution of our strategies and long-term value creation."
