Slide 1: BitFuFu
BitFuFu NASDAQ: FUFU March 2025
Slide 2: Disclaimer
BitFuFu 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 be rel
Slide 3: Mission Statement
BitFuFu Mission Statement At BitFuFu, our mission is to make Bitcoin mining accessible to everyone. Through our innovative cloud-mining platform, we eliminate the barriers of high initial costs and technical complexity of traditional mining, enabling individuals and businesses to participate in the
Slide 4: BitFuFu: Introduction and Milestones
BitFuFu BitFuFu: Introduction and Milestones A fast-growing digital asset mining service and world-leading cloud-mining service provider headquartered in Singapore 4 years consecutive revenue growth and positive net income Monthly PIPE Customer FY2024 Operational Investment Recognition Earnings Upda
Slide 5: Investment Highlights
BitFuFu Investment Highlights Leading Bitcoin Miner1 Extensive Global Network1 • 480 MW and 20.6 EH/s hash rate • 3 secured datacenters totaling 164MW management scale • Monitor global hash rate datacenters • Leading Cloud-Mining Service operational statistics Provider and fast-growing self- mining
Slide 6: Business Lines of BitFuFu
BitFuFu Business Lines of BitFuFu • Provide customers a one-stop solution to purchase hashrate services and earn Cloud digital asset mining rewards Mining Tech • Provide customers hosting services, Driven • Increasing self-owned miner including deployment, monitoring, Self Hosting & fleet and acquir
Slide 7: BitFuFu Manages a Large-scale Hashrate Network Globally
BitFuFu BitFuFu Manages a Large-scale Hashrate Network Globally US Hashrate Network Of BitFuFu +1GW Secured 7MW Power Capacity by 2026 255MW 187MW 10MW 21MW 164MW Secured Datacenters Total Power Under Management Total Hashrate Under Management 80 MW in Ethiopia $3.6 cents (hydropower) 480MW in use 2
Slide 8: BitFuFu: Leading Financial Performance in The Industry
BitFuFu BitFuFu: Leading Financial Performance in The Industry Full Year 2024 Revenue (in $Million) Full Year 2024 Net Income/Loss (in $Million) 656 511 463 452 377 350 280 260 541 166 162 140 379 331.4 109.4 54 28.3 -29 -44.6 -72.4 -149.7 -531.9 Notes: Source: Obtained from IR presentations, offici
Slide 9: A Track Record of Growth And Profitability Since Establishment
BitFuFu A Track Record of Growth And Profitability Since Establishment USD MN Revenue CAGR (2021-2024) 463 480 MW Hosting Capacity1 284 198 103 65% 2021 2022 2023 2024 20.6 Eh/s Total Mining Capacity1 Hosting and Others Self-Mining Cloud-Mining USD MN Adj. EBITDA CAGR (2021-2024) 117.5 600,000+ Regi
Slide 10: Strong Strategic Alliances with Industry Leaders
BitFuFu Strong Strategic Alliances with Industry Leaders Strategic Alliances with Miner Supply Operations Mining Farms • Bitmain΄s S-level client, the Marketing • Maintenance center to • 10-year 300MW miner highest-level client • Global marketing improve operational hosting capacity ensuring access
Slide 11: Supply-chain Advantage for Miner and Hashrate Purchases
BitFuFu Supply-chain Advantage for Miner and Hashrate Purchases Mining Machine Hashrate Competitive Terms Large-Scale Distributed Hashrate Network Procure mining machine at preferential payment terms or delivery schedule from Reduce concerns over geopolitical strategic alliance with Bitmain factors
Slide 12: BitFuFu x BITMAIN
@ BitFuFu x BITMAIN OnNANN wwuwuuw MINERS in EO Available for self-mining operations and mining services to customers - =
Slide 13: Cloud-Mining: How it Works and its Value Proposition
BitFuFu Cloud-Mining: How it Works and its Value Proposition Customer 1. Purchase or lease mining machines 1. Purchase a suitable product 2. Host and manage the miners to start mining Online 3. Connect miners to the mining pool 2. Select mining pool and 4. Cluster all miners’ Hashrate provide wallet
Slide 14: Cloud-Mining: Competitive Advantages over Traditional Mining
BitFuFu Cloud-Mining: Competitive Advantages over Traditional Mining Obtain more BTC with lower price Use installment payment to leverage ROI 01 • On an annual basis, get 3% ~ 20% 1 more BTC with 02 Pay down payment as low as 30% 2 with installment plan cloud-mining than buy at market price Start mi
Slide 15: Cloud-Mining Obtains more Bitcoin than Traditional Ways
BitFuFu Cloud-Mining Obtains more Bitcoin than Traditional Ways Real Example: $8,199 Investment after 30 days Buy Mining Machine Buy Bitcoin Buy Hashrate Hashrate 468.5T 5,000T Vs. Bitcoin 0.01134525 BTC vs. 0.11881214 BTC vs. 0.12107686 BTC 1.91% More BTC in 30 days A real example of a BitFuFu cust
Slide 16: Self-Mining: How it Works at BitFuFu
BitFuFu Self-Mining: How it Works at BitFuFu BitFuFu purchases BitFuFu purchases mining Hashrate from various machines from suppliers and suppliers, and connects hosts them in mining them to mining pools Facilities Hashrate Mining machines • Consolidate Hashrate and utilize it to mine Bitcoin for Bi
Slide 17: Advanced Proprietary Technology to Deliver Operational Excellence
BitFuFu Advanced Proprietary Technology to Deliver Operational Excellence Mining Platform • Aladdin is BitFuFu΄s proprietary ultra-large scale hashrate management and dispatching system Scalable Capability Aladdin 100,000,000+ Capable of managing • Aladdin consists of three core systems: millions of
Slide 18: Appendix
WWW. BITFUFU.COM
Slide 19: 2024 Operational Highlights
BitFuFu 2024 Operational Highlights Bitcoin Production 2024 Amount 2023 Amount Year-Over-Year Change Self-Mined Bitcoin (# BTC) 2,537 3,577 -1,040 Cloud-Mined Bitcoin by Customers (# BTC) 4,947 6,756 -1,809 Total Bitcoin Mined (#BTC） 7,488 10,333 -2,845 Average BTC produced per day by Customers (#BT
Slide 20: Unaudited Reconciliation of GAAP and non-GAAP Results
BitFuFu Unaudited Reconciliation of GAAP and non-GAAP Results in $US '000 FY2024 FY2023 FY2022 FY2021 Net profit $53,963 $10,494 $2,443 $4,926 Add: Interest expenses/(income), net 4,704 4,481 2,174 (135) Add: Income tax expense/(benefit) 7,668 2,183 (666) 1,044 Add: Depreciation 24,731 24,501 18,156
Slide 21: Thank You!
• BitFuFu Thank You! Investor Contact: Charley Brady Calla Zhao Vice President, Investor Relations CFO Email: charley.b@bitfufu.com Email: calla.zhao@bitfufu.com Website: ir.bitfufu.com PAGE 21