BitFuFu Shares Rise in Premarket on Doubled 3Q Revenue

Dow Jones11-12
 

By Adriano Marchese

 

BitFuFu shares rose in premarket trading Wednesday on the back of doubled revenue in the third quarter thanks to demand for its specialized mining computers and cloud-mining services.

Shares traded 11% higher at $3.53.

The digital-asset mining company on Wednesday reported revenue of $180.7 million, double what it was a year earlier. The quarter's growth also topped expectations, as analysts had expected revenue to rise to just $129.2 million, according to FactSet.

BitFuFu said the climb was driven by strong demand from customers for cloud-mining solutions and mining equipment, as well as its continued expansion of mining capacity.

Net income totaled $11.6 million, up from a loss of $5 million a year earlier. On a per-share basis, this was a profit of 7 cents compared with a loss of 3 cents a year earlier.

The Singapore company held 1,962 bitcoin at quarter's end, which is an increase of about 20% over the prior-year period.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 12, 2025 07:17 ET (12:17 GMT)

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