BitFuFu Inc. Announces March 2025 Un audited Production and Mining Operations Updates

We accelerated the energization of our self-owned S21 series miners in March 2025, adding over 1 EH/s of highly efficient self-mining hashrate

BitFuFu Inc., a leading Bitcoin miner and provider of comprehensive mining services, today announced its unaudited production and mining operations updates for March 2025.

Key Highlights:

* New Hashrate: Over 1 EH/s of highly efficient self-mining hashrate was energized, further expanding BitFuFu's large-scale mining capabilities.

* Bitcoin Production Reaches 168 BTC: A total of 168 Bitcoin were produced, showcasing BitFuFu's robust and scalable mining operations.

* BTC Holdings: As of March 31, 2025, BitFuFu's Bitcoin holdings amounted to 1,163 BTC, highlighting the Company's strong financial position and commitment to digital assets.

* Reduced Energy Consumption: With an average energy consumption of 0.385 $ per kWh for the period, BitFuFu continues to optimize its operations for efficiency and cost-effectiveness.

* Upcoming Events: BitFuFu will be participating in several upcoming conferences and events, engaging with industry peers and investors.

“We accelerated the energization of our self-owned S21 series miners in March 2025, adding over 1 EH/s of highly efficient self-mining hashrate, amid ongoing market volatility,” said Leo Lu, Chairman and Chief Executive Officer of BitFuFu. “As global macroeconomic risks mount, Bitcoin's resilience as a store of value is becoming increasingly evident. With one of the most efficient mining fleets in the industry and a fast-paced vertical integration strategy, we are rapidly reducing our operating costs and strengthening our competitive edge.”

Bitcoin Holdings and Production:

* BitFuFu's Bitcoin holdings decreased by 11.8% to 1,163 BTC as of March 31, 2025, compared to 1,320 BTC as of February 28, 2025.

* The decrease in Bitcoin holdings was primarily due to the use of 794 BTC as pledges for loans and miner procurement payables.

* The Company's Bitcoin production reached 168 BTC for the period, showcasing the scale and efficiency of BitFuFu's mining operations.

Hashrate Management:

* BitFuFu's self-owned hashrate increased significantly, with over 1 EH/s of S21 series miners being energized in March 2025.

* The new hashrate additions are highly efficient, further reducing BitFuFu's average energy consumption per PH/s.

* As of March 31, 2025, BitFuFu's total hashrate capacity reached approximately 50 EH/s.

Power and Facilities:

* BitFuFu's average energy price for March 2025 was $0.385 per kWh, demonstrating the Company's ability to secure competitive power rates.

* The Company's average energy consumption per PH/s of hashrate was approximately $0.048, highlighting the efficiency of BitFuFu's mining fleet.

Mining Services:

* BitFuFu provides comprehensive mining services, including cloud-mining solutions, to institutional customers and digital asset enthusiasts worldwide.

* The Company's services are designed to offer customers a seamless and efficient way to participate in digital asset mining.

Upcoming Conferences & Events:

* BitFuFu will be participating in several upcoming industry conferences and events, such as the Token2040 in March and the World Money Week in April.

* The Company plans to engage with peers, investors, and the broader crypto community at these events.

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.

For more information, please visit https://ir.bitfufu.com/.

This announcement is not an announcement of a new product or service offering.