BitFuFu Announces a Share Repurchase Program of Up to $5 Million, Allowing Repurchase of Its Class A Ordinary Shares from June 24, 2026, Over a Two-Year Period

Odaily Odaily, Nasdaq-listed Bitcoin mining company BitFuFu (NASDAQ: FUFU) announced that its board of directors has approved a share repurchase program of up to $5 million. Under the program, the company may repurchase its Class A ordinary shares from June 24, 2026, over a two-year period.

Leo Lu, Chairman and CEO of BitFuFu, stated that this repurchase plan reflects the company's strong confidence in long-term shareholder value, prudent capital allocation, and long-term strategic development. Moving forward, the company will continue to advance its global infrastructure deployment and hashrate expansion strategy to continuously scale its computing power.

According to the announcement, the repurchases may be conducted through open market transactions, negotiated transactions, block trades, or other methods, and will comply with Rule 10b-18 under the Securities Exchange Act of 1934. The specific timing and scale of repurchases will be flexibly adjusted based on factors such as market conditions, stock price performance, trading volume, and the company's capital needs, with funding coming from the company's existing cash reserves.