BitFuFu is a Singapore-based vertically integrated Bitcoin mining company combining low-cost self-mining with a cloud mining platform. The company's proprietary Aladdin system is designed to manage ultra-large-scale hash power, dynamically allocating hashrate between self-mining and cloud mining operations based on supply-demand conditions. BitFuFu's shift from asset-light middleman to data center owner cut hosting costs 25% in 2024, with a 1 GW expansion plan targeting sub-$0.01/kWh power costs.
Cyborg Score Rationale
In 2024, its cloud mining revenue increased by 52% to US$271 million. As of June 30, 2025, BitFuFu managed a total hashrate of 36.2 EH/s and had a combined global power capacity of 728 MW across five continents. The company holds 1,780 BTC on their balance sheet.
Top Insights
Cloud mining represents 81.7% of Q2 2025 revenue and growing 75.6% quarter-over-quarter, providing recurring revenue.
BitFuFu is the only cloud mining strategic partner of BITMAIN to date and leverages its expanding global mining facility network and strategic partnership with BITMAIN.
In October 2024, BitFuFu signed to acquire an 80 MW mining facility in Ethiopia and in February 2025, the company finalized a deal to acquire a 51 MW Bitcoin mining facility in Oklahoma, U.S.
In March 2025, BitFuFu was announced as one of the largest corporate holdings of the new Bitwise Bitcoin Standard Corporations ETF, representing about 4.0% of the ETF's assets.