BitFuFu Announces November 2025 Bitcoin Production and Operational Updates

BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited production and mining operation updates for November 2025.

“Over the past month we accelerated sales of legacy S19 series miners and are replacing them with next-generation S21 miners. The transition created a temporary dip in total hash rate under management, but our upgrade plan is on track and positions us to mine more efficiently going forward,” said Leo Lu, Chairman and CEO of BitFuFu.

“In parallel, we have taken a deliberately conservative approach to third-party hash-rate purchases, avoiding higher-cost commitments while Bitcoin prices are under pressure. Our priority is to remain profitable across bull and bear markets, and we continue to see a very compelling long-term outlook for Bitcoin. We are also advancing opportunities to expand our hash-rate footprint globally, which we believe can further diversify our cost base and support future growth.”

November 2025 Highlights (as of November 30, 2025) 

Bitcoin Holdings and Production:

Consistent with its disciplined treasury practices, the Company opportunistically sold 205 BTC in November 2025 at an average price of $107,000 to fund supplier obligations and prudently manage risk amid temporary market volatility.

1. Bitcoin Held: 1,764 BTC^[1], a decrease of 189 BTC from October 31, 2025. 
2. Bitcoin Production: 231 BTC, including 190 BTC from cloud mining and 41 BTC from self-mining.

Hashrate Overview:

1. Total Hashrate Under Management: 26.4 EH/s, a 13.4 % month-over-month decrease, as a result of slowing down hashrate procurement in order to control risks during the period of BTC price volatility. 
   1. Self-Owned Hashrate[2]: 3.7 EH/s, a decrease of 1.3 EH/s from October 31, 2025, as a result of an ongoing upgrade of self-owned mining machines, where some S19 XP were sold and will be replaced with new-generation models in the near term. 
   2. Hashrate from Third-Party Suppliers and Hosting Customers²: 22.7 EH/s.
2. Average Fleet Efficiency: 18.1 J/TH.

Power and Infrastructure:

1. Total Power Capacity Under Management: 478 MW, a 13.9% month-over-month decrease.  

Mining Services:

1. Cloud Mining Users: 648,221 registered users as of November 30, 2025.

Upcoming Conferences:

BitFuFu will be attending the following upcoming conferences.

1. December 4, 2025: B. Riley Convergence Conference, NYC. 
2. December 8-9, 2025: Bitcoin MENA 2025, Abu Dhabi. 
3. December 11, 2025: Emerging Markets Conference, Virtual.