BitFuFu Inc., a prominent global Bitcoin miner and mining services innovator listed on NASDAQ under the ticker FUFU, has released its unaudited operational and production data for February 2026. The company disclosed key metrics as of February 28, 2026, showcasing its performance in the dynamic cryptocurrency market.
Bitcoin Holdings and Production Highlights
As of the end of February 2026, BitFuFu held a total of 1,830 Bitcoin (BTC), marking an increase of 34 BTC from January 31, 2026. The company produced 227 BTC during the month, which included 190 BTC from its cloud mining operations and 37 BTC from self-mining activities. This resulted in an average daily Bitcoin production of 8.1 BTC.
Financial Position and Strategic Approach
Leo Lu, Chairman and CEO of BitFuFu, emphasized the company's disciplined strategy in navigating market fluctuations. "Our February month-end hashrate declined from January as we maintained a cautious approach to incremental hashrate procurement to preserve flexibility and avoid committing to longer-term, low-margin contracts," Lu stated. He noted that while near-term Bitcoin pricing has softened, the cloud-mining business continues to generate positive cash flow, enabling the company to withstand the inherent cyclicality of Bitcoin.
Lu further highlighted BitFuFu's strong financial standing, revealing that as of February 28, 2026, the company held approximately $40 million in cash and cash equivalents, maintaining a net cash position with robust liquidity. Additionally, BitFuFu reduced outstanding borrowings on its $100 million line of credit to $15 million from $40 million as of September 30, 2025, and decreased its long-term accounts payable balance to around $94 million as of December 31, 2025.
Operational Metrics and Infrastructure
BitFuFu's total hashrate under management stood at 26.4 exahashes per second (EH/s) as of February 28, 2026, representing a year-over-year increase of 28.2% but a month-over-month decrease of 10.8%. The hashrate breakdown includes:
- Self-owned hashrate: 3.6 EH/s
- Hashrate from third-party suppliers and hosting customers: 22.8 EH/s
The company's average fleet efficiency remained stable at 17.5 joules per terahash (J/TH), while total power capacity under management was 463 megawatts (MW), reflecting a year-over-year decrease of 3.3% and a month-over-month decrease of 11.0%.
Comparative Performance Data
The following table summarizes key metrics for February 2026 compared to January 2026:
- Bitcoin Held: 1,830 BTC (February) vs. 1,796 BTC (January)
- Bitcoin Production: 227 BTC (February) vs. 229 BTC (January)
- Daily Bitcoin Production: 8.1 BTC (February) vs. 7.4 BTC (January)
- Self-Mining Production: 37 BTC (February) vs. 46 BTC (January)
- Cloud Mining Production: 190 BTC (February) vs. 183 BTC (January)
- Hashrate: 26.4 EH/s (February) vs. 29.6 EH/s (January)
- Power Capacity: 463 MW (February) vs. 520 MW (January)
Upcoming Engagements and Company Background
BitFuFu is scheduled to participate in the 38th Annual ROTH Conference in Dana Point, California, from March 22 to 24, 2026. The company, recognized as a world-leading Bitcoin miner and mining services innovator, is dedicated to enhancing the global Bitcoin network through its advanced cloud mining platform, scalable infrastructure, and innovative services.
For further details, interested parties can visit the investor relations website at ir.bitfufu.com or follow BitFuFu on social media platform X under the handle @BitFuFuOfficial. The press release includes forward-looking statements subject to risks and uncertainties, as outlined in the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
