BitFuFu announces a share repurchase program of up to $5 million, allowing for the repurchase of its Class A ordinary shares for a period of two years starting June 24, 2026

Odaily星球日报讯 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 this program, the company can repurchase its Class A ordinary shares for a period of two years starting June 24, 2026.

BitFuFu Chairman and CEO Leo Lu stated that this repurchase program 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 layout and hashrate expansion strategy, continuously increasing its hashrate scale.

According to the announcement, the repurchases can be carried out through open market transactions, privately negotiated transactions, block trades, and other methods, in compliance with Rule 10b-18 of 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.