BitFuFu's 5th Anniversary CEO Letter to Users: Nearly 30,000 Bitcoins Mined in Total, Continuing to Promote Mining Infrastructure Development

robot
Abstract generation in progress

Odaily Planet Daily reports that on the fifth anniversary of its founding, BitFuFu Chairman and CEO Leo Lu issued a public letter to users, systematically reviewing the company’s development path and long-term strategy since its establishment in 2020. The letter disclosed that since its inception, BitFuFu has mined nearly 30,000 Bitcoins and maintained stable operations through multiple market cycles. BitFuFu went public on March 1, 2024, on NASDAQ (stock code: FUFU). According to Frost & Sullivan, BitFuFu has grown into the world’s largest cloud computing platform, serving over 640,000 users and achieving annual profitability. To date, the company manages peak computing power exceeding 38EH/s, with a peak power capacity of 752 MW. Its business covers cloud computing, self-mining, hosting, and mining equipment services, with a continuously expanding global user base. Regarding future plans, BitFuFu stated it will gradually shift from a light-asset model to a more flexible vertically integrated model, maintaining platform advantages while strategically deploying its own assets. The company plans to explore self-generated power mining and full-chain energy management, and to promote the integration of cloud computing with real-world assets (RWA) within a compliant framework, while cautiously expanding into new global regions and partnerships.

BTC-1.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt