BitFuFu Plunges 10.14% Amid Bitcoin Production Surge

Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 5, 2025 6:22 am ET1min read

On June 5, 2025,

experienced a significant drop of 10.14% in pre-market trading, reflecting a notable decline in investor sentiment.

BitFuFu's recent financial report for the first quarter of 2025 revealed a net dollar retention rate of 63.0%, indicating a stable recurring revenue stream. The company's strategic sales of Bitcoin during May's market highs helped cover operational expenses and strengthen liquidity, showcasing disciplined treasury management.

In May 2025, BitFuFu reported a substantial 91.4% increase in Bitcoin production, reaching 400 BTC. This surge was driven by a 20.5% rise in hashrate under management, totaling 34.1 EH/s, and a 15.0% increase in power capacity to 651 MW across five continents. The company's cloud mining services continued to attract users, with 615,559 registered users as of May 31, 2025.

BitFuFu's proactive approach to expanding its hashrate and power capacity, along with strategic Bitcoin sales, positions the company to capitalize on market opportunities while maintaining a strong balance sheet. The company's commitment to innovation and scaling infrastructure underscores its leadership in the Bitcoin mining industry.

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