Bitfufu Inc. · NASDAQ:FUFU
Bitfufu — Q4 2025 Earnings Presentation
14 slides from Bitfufu's earnings presentation, Mar 20, 2026
Slide 1: Investor Presentation - March 2026
€ BitFuFu Investor Presentation BITCOIN FULFILLS THE FUTURE
Slide 2: Disclaimer
NASDAQ: FUFU Disclaimer This presentation does not constitute an offer to sell or issue or solicitation of an offer to buy or acquire securities of BitFuFu Inc. (the “Company”) in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or b
Slide 3: Who We Are
NASDAQ: FUFU Who We Are BitFuFu is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling datacenter infrastructure, and innovative mining services. Our missi
Slide 4: Vertical Integration and Horizontal Innovation
NASDAQ: FUFU Vertical Integration and Horizontal Innovation Vertical Integration Horizontal Innovation Self-Mining Mining Services FY2025 Produced 611 BTC FY2025 Produced 3,051 BTC Mining Rig Data Center Cloud Software BitFuFuPool Self-Mining Hosting Cloud Mining and BitFuFuOS • Strong sourcing powe
Slide 5: Vertical Integration into Datacenters
NASDAQ: FUFU Vertical Integration into Datacenters Global Operation 463MW 1 Total Operation in US 201MW 1 201MW 5MW Secured Datacenters 241MW 164MW 1 12MW 4MW 80MW hydro power datacenter in Ethiopia 84MW grid power datacenters in US 1As of February 28, 2026 PAGE 5
Slide 6: Horizontal Innovation in One-Stop Mining Service Platform
NASDAQ: FUFU Horizontal Innovation in One-Stop Mining Service Platform Before Energizing After Energizing MINER Services HASHRATE Services Miner Sales Cloud-Mining Miners available for purchase by individuals and enterprises. Hassle-free cloud contracts that let users purchase hashrate and earn digi
Slide 7: Self-Mining: How it Works at BitFuFu
NASDAQ: FUFU Self-Mining: How it Works at BitFuFu BitFuFu purchases Hashrate BitFuFu purchases mining from various suppliers, and machines from suppliers and connects them to mining hosts them in mining pools datacenters Hashrate Mining Machines • Consolidate Hashrate and utilize it to mine Bitcoin
Slide 8: How Cloud-Mining Benefits Users
NASDAQ: FUFU How Cloud-Mining Benefits Users Obtain more BTC than direct purchase1 01 On an annual basis customers can usually acquire more BTC with cloud-mining compared to purchasing BTC at market prices Use installment payment to leverage ROI 02 Pay down payment as low as 30% with installment pla
Slide 9: Proprietary Technology to Deliver Operational Excellence
NASDAQ: FUFU Proprietary Technology to Deliver Operational Excellence Mining Platform • Aladdin is BitFuFu΄s proprietary ultra-large scale hashrate management and dispatching Scalable Capability system Capable of managing millions Aladdin 1,000,000+ of mining machine • Aladdin consists of three core
Slide 10: Track-record of Growth and Industry Leading Financials
NASDAQ: FUFU Track-record of Growth and Industry Leading Financials Revenue CAGR 5 years consecutive (2021-2025) ($ in mil.) revenue growth FY2025 Revenue ($ in mil.) $907.1 $785.2 $760.1 $647.4 $620.3 $462.3 $475.6 47% $475.7 $284.1 284 $319.0 $235.1 $223.9 198 $198.3 $185.2 $168.5 103 $103.0 Peer
Slide 11: FY2025 Operational Highlights
NASDAQ: FUFU FY2025 Operational Highlights Year-Over- Month-Over- Bitcoin Production FY2025 FY2024 Feb-26 Jan-26 Year Change Month Change Self-Mined Bitcoin (#BTC) 611 2,537 (1,926) 26 46 (20) Cloud-Mined Bitcoin by Customers (#BTC) 3,051 4,947 (1,896) 190 183 7 Total Bitcoin Mined (#BTC) 3,662 7,48
Slide 12: Reconciliation of GAAP and non-GAAP Results
NASDAQ: FUFU Reconciliation of GAAP and non-GAAP Results Year-Over-Year Adjusted EBITDA Reconciliation ($ in thou.) FY2025 FY 2024 FY2023 FY2022 FY2021 Change Net (loss)/profit ($57,415) $53,963 -206.4% $10,495 $2,442 $4,926 Add: Interest expense/(income), net 6,278 4,704 33.5% 4,480 2,174 (135) Add
Slide 13: Balance Sheet and Net Debt (Cash)
NASDAQ: FUFU Balance Sheet and Net Debt (Cash) December 31, December 31, December 31, December 31, Assets Liabilities and Stockholders' Equity 2025 2024 2025 2024 Current assets Current liabilities Cash and cash equivalents $ 27,761 $ 38,201 Accounts payable $ 4,659 $ 14,119 Restricted cash and cash
Slide 14: Make Bitcoin Mining Accessible To Everyone.
NASDAQ: FUFU Make Bitcoin Mining Accessible To Everyone. A World-Leading Bitcoin Charley Brady Calla Zhao Miner and Mining Services Vice President, Investor Relations CFO Innovator. Email: charley.b@bitfufu.com Email: calla.zhao@bitfufu.com Website: ir.bitfufu.com PAGE 14