Bitfufu Surpasses 520,000 Registered Cloud-Mining Users

(MENAFN- GlobeNewsWire - Nasdaq) SINGAPORE, Dec. 19, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or“the Company”) (NASDAQ: FUFU), a global leader in bitcoin mining and comprehensive mining services, today announced that its registered cloud-mining users surpassed 520,000.

Since launching its cloud-mining website in December 2020 and mobile APP in October 2021, BitFuFu's registered users have grown at a compound annual growth rate (CAGR) and YoY% of 67%. So far, BitFuFu has attracted over 150 countries' registered users on its platform. The top countries driving growth in registered users are mainly from Asia-Pacific and Europe.

In November 2024, BitFuFu revamped its website and mobile app to significantly enhance the user experience and empower users with cutting-edge, user-friendly solutions tailored to their needs.

"The growth in our user base demonstrates the tangible value we deliver to our users and highlights the resilience of our business model across market cycles." said Leo Lu, Chairman and CEO of BitFuFu." This achievement reflects our unwavering dedication to empowering users by making digital asset mining simpler, more efficient, and accessible to all. Looking ahead, we will continue to innovate and set new benchmarks, driving the next wave of transformation in digital asset mining."

For more information about BitFuFu's services and rules for registration, please visit the help center:

About BitFuFu Inc.

BitFuFu Inc. is a global leader in Bitcoin mining and comprehensive mining services, providing customers with one-stop solutions including cloud-mining. BitFuFu received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN's strategic partner in the Bitcoin mining and mining services space.

BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.

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Forward-Looking Statements

This press release includes“forward-looking statements” within the meaning of the“safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as“estimate,”“plan,”“project,”“forecast,”“intend,”“will,”“expect,”“anticipate,”“believe,”“seek,”“target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

BitFuFu Investor Relations

Charley Brady

Vice President, Investor Relations

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BitFuFu Media Relations

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