BitFuFu CEO Releases Letter to Users on Fifth Anniversary: Nearly 30,000 Bitcoin Mined Cumulatively, Continuously Advancing Mining Infrastructure Development

Odaily News On the occasion of its fifth anniversary, BitFuFu Chairman and CEO Leo Lu published an open letter to users, systematically reviewing the company's development path and long-term strategy since its establishment in 2020. The letter disclosed that BitFuFu has cumulatively mined nearly 30,000 Bitcoin to date, maintaining stable operations through multiple market cycles.

BitFuFu was listed on NASDAQ on March 1, 2024 (stock code: FUFU). According to a Frost & Sullivan report, BitFuFu has grown into the world's largest cloud hashrate platform, serving over 640,000 users and achieving profitability annually. As of now, the company manages a peak hashrate exceeding 38 EH/s, with peak power capacity reaching 752 megawatts. Its business covers cloud hashrate, proprietary mining, hosting, and mining equipment services, and its global user base continues to expand.

Regarding future plans, BitFuFu stated it will gradually shift from a light-asset model to a more flexible vertical integration model, strategically deploying proprietary assets while maintaining its platform advantages. The company plans to explore self-generated power mining and full-chain energy management, advance the integration of cloud hashrate with real-world assets (RWA) within a compliant framework, and prudently expand into new global regions and partnerships.