← Bitfufu Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income received or to be received by digital assets | ($3.4m) | ($101.0m) | ($183.1m) | ($195.7m) | ($174.4m) | — | |
| Net Income | — | $2.4m |
$10.5m
+329.77%
|
$54.0m
+414.18%
|
($31.3m)
-157.91%
|
($31.1m)
+0.35%
|
|
| Depreciation of property and equipment | — | — | $24.5m | $24.7m | $28.0m | $28.0m | |
| Amortization of right of use asset | — | — | — | — | $71k | — | |
| Depreciation | — | $18.2m | $24.5m | $24.7m | $28.0m | $28.0m | |
| Deferred income tax | — | ($4.5m) | $4.2m | $6.8m | $934k | $934k | |
| Deferred Tax | — | ($4.5m) | $4.2m | $6.8m | $934k | $934k | |
| Share-based compensation expense | — | — | — | $26.1m | $588k | $588k | |
| Impairment loss on digital assets | — | $12.9m | $7.0m | — | — | — | |
| Impairment loss on mining equipment | — | $11.8m | — | $8.1m | $25.4m | — | |
| Asset Impairment Charge | — | $34.6m | $7.0m | $8.1m | $25.4m | $25.4m | |
| Earnings from equity method investments | — | — | — | — | ($177k) | — | |
| Earnings (Loss)es From Equity Investments | — | — | $0 | $0 | ($177k) | ($177k) | |
| Change In Working Capital | — | $51.3m | ($40.9m) | ($60.9m) | $26.0m | $26.0m | |
| Credit loss provision for receivables | — | $608k | $100k | — | $981k | — | |
| Changes in fair value of digital asset receivables or payables | — | — | — | $1.3m | ($1.2m) | — | |
| Deposit receivables | $75.3m | ($75.3m) | ($2.7m) | $2.7m | — | — | |
| Change In Receivables | — | $132.8m | ($2.7m) | $2.7m | $0 | $0 | |
| Inventory | — | $0 | $0 | ($142k) | $102k | $102k | |
| Accounts payable | — | $25k | $775k | $1.4m | ($297k) | ($297k) | |
| Accrued expenses and other payables | $400k | $613k | $3.0m | ($394k) | ($4.0m) | — | |
| Repayment of long-term payables | — | — | ($7.0m) | — | — | — | |
| Repayment of long-term payables in digital assets | — | — | — | — | ($6.9m) | — | |
| Change In Payables And Accrued Expense | — | $4.7m | $924k | $969k | ($4.7m) | ($297k) | |
| Change In Accrued Expense | — | $613k | $3.0m | ($394k) | ($4.0m) | ($4.0m) | |
| Other current assets | ($148k) | ($2.4m) | ($1.5m) | $3.4m | $1.8m | $1.8m | |
| Change In Other Current Assets | — | ($2.4m) | ($1.5m) | $3.4m | $1.8m | $1.8m | |
| Change In Other Current Liabilities | — | — | $0 | $0 | ($60k) | ($60k) | |
| Net cash used in operating activities | $15.9m |
($7.4m)
-146.74%
|
($196.0m)
-2532.59%
|
($219.9m)
-12.20%
|
($112.9m)
+48.64%
|
($112.9m)
0.00%
|
|
| Loss on disposal of mining equipment | — | — | — | — | $3.4m | — | |
| Proceeds from disposal of equipment | — | — | — | — | $673k | — | |
| Purchases of equipment | ($54k) | ($3.9m) | ($67k) | ($37k) | ($9.1m) | — | |
| Issuance of ordinary shares for purchase of equipment | $54k | $109.4m | $67k | $37k | ($5.1m) | — | |
| Net Other Investing Changes | ($2.6m) | $60.5m | — | — | — | $165.3m | |
| Net cash provided by investing activities | ($2.6m) | $56.7m | $176.9m | $167.9m | $89.8m | $89.8m | |
| Common Stock Issuance | — | $1.6m | $0 | $75.2m | $5.7m | $5.7m | |
| Common Stock Payments | $0 | ($2.0m) | $0 | $0 | — | $0 | |
| Issuance Of Capital Stock | — | $1.6m | $0 | $75.2m | $5.7m | $5.7m | |
| Repurchase Of Capital Stock | $0 | ($2.0m) | $0 | $0 | — | $0 | |
| Cash Dividends Paid | $0 | $0 | — | — | — | — | |
| Net Other Financing Charges | — | ($1.7m) | ($9.4m) | ($10.1m) | — | ($10.1m) | |
| Net cash provided by /(used in) financing activities | — | ($2.1m) |
($9.4m)
-342.92%
|
$65.0m
+795.52%
|
$5.7m
-91.18%
|
$5.7m
0.00%
|
|
| Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period | $13.3m | $60.4m | $32.0m | $45.1m | $27.8m | — | |
| Beginning Cash Position | — | $13.3m | $60.4m | $32.0m | $45.1m | $45.1m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Net (loss)/income | — | — | $10.5m | $54.0m | ($31.1m) | — | |
| Gain on sale of recovery rights on assets held by FTX | — | — | — | ($7.3m) | — | — | |
| Changes in fair value of digital assets | — | — | ($18.2m) | ($76.9m) | $8.7m | — | |
| Prepayments | $2.5m | ($481k) | ($654k) | ($4.6m) | ($4.3m) | — | |
| Amount due from / (due to) related parties | — | $132.8m | ($36.9m) | ($63.3m) | $33.1m | — | |
| Operating lease liabilities | — | — | — | — | ($60k) | — | |
| Taxes payable | $1.0m | $4.1m | ($2.9m) | ($3k) | ($437k) | — | |
| Proceeds from sales of digital assets | $13.1m | $71.4m | $222.4m | $184.8m | $127.1m | — | |
| Purchase of digital assets | ($15.7m) | ($10.8m) | ($45.4m) | ($16.8m) | ($19.0m) | — | |
| Acquisition of a subsidiary, net of cash acquired | — | — | — | — | ($9.4m) | — | |
| Purchase of financial assets held for trading | — | — | — | — | ($521k) | — | |
| Proceeds from the issuance of ordinary shares | — | $1.6m | — | $75.2m | $5.7m | — | |
| Payment of issuance costs | — | — | ($2.4m) | ($10.1m) | — | — | |
| Net change in cash and cash equivalents | $13.3m | $47.1m | ($28.4m) | $13.1m | ($17.4m) | — | |
| Cash paid for interest | $0 | $1.6m | $3.7m | $1.2m | $6.6m | — | |
| Cash paid for income tax | — | $784k | $0 | $1.3m | $930k | — | |
| Net digital assets provided by operating activities | $444k | $86.1m | $212.9m | $258.4m | $145.1m | — | |
| Net digital assets used in investing activities | $2.2m | ($82.0m) | ($177.0m) | ($213.8m) | ($98.8m) | — | |
| Issuance of ordinary shares for acquisition of a subsidiary | — | — | — | — | ($1.4m) | — | |
| (Repayment of) /Proceeds from long-term loans in digital assets | — | — | — | $35.0m | ($20.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | ($2.1m) | ($9.4m) | $65.0m | $5.7m | $5.7m | |
| Cash Flow From Continuing Investing Activities | — | $56.7m | $176.9m | $167.9m | $89.8m | $89.8m | |
| Change In Account Payable | — | $25k | $775k | $1.4m | ($297k) | ($297k) | |
| Change In Cash Supplemental As Reported | — | $47.1m | ($28.4m) | $13.1m | ($17.4m) | — | |
| Change In Income Tax Payable | — | $4.1m | ($2.9m) | ($3k) | ($437k) | ($437k) | |
| Change In Other Working Capital | — | ($83.3m) | ($36.9m) | ($63.3m) | $33.1m | $33.1m | |
| Change In Payable | — | $4.1m | ($2.1m) | $1.4m | ($734k) | ($297k) | |
| Change In Prepaid Assets | — | ($481k) | ($654k) | ($4.6m) | ($4.3m) | ($4.3m) | |
| Change In Tax Payable | — | $4.1m | ($2.9m) | ($3k) | ($437k) | ($437k) | |
| Changes In Cash | — | $47.1m | ($28.4m) | $13.1m | ($17.4m) | ($17.4m) | |
| End Cash Position | — | $60.4m | $32.0m | $45.1m | $27.8m | $27.8m | |
| Financing Cash Flow | — | ($2.1m) |
($9.4m)
-343.01%
|
$65.0m
+795.54%
|
$5.7m
-91.18%
|
$5.7m
0.00%
|
|
| Free Cash Flow | — | ($22.1m) | ($241.5m) | ($236.7m) | ($141.0m) | ($141.0m) | |
| Gain Loss On Sale Of Business | $64k | $0 | $0 | — | — | $0 | |
| Gain Loss On Sale Of PPE | — | ($9.2m) | $0 | ($7.3m) | $3.4m | $3.4m | |
| Investing Cash Flow | — | $56.7m | $176.9m | $167.9m | $89.8m | $89.8m | |
| Net Business Purchase And Sale | — | — | $0 | $0 | ($9.4m) | ($9.4m) | |
| Net Intangibles Purchase And Sale | — | $60.5m | $177.0m | $168.0m | $108.1m | $108.1m | |
| Net Investment Purchase And Sale | — | ($2.0m) | $0 | $0 | ($521k) | ($521k) | |
| Net PPE Purchase And Sale | — | ($3.9m) | ($68k) | ($37k) | ($8.4m) | ($8.4m) | |
| Operating Gains Losses | — | ($9.2m) | ($18.2m) | ($7.3m) | $3.2m | $3.2m | |
| Other Non Cash Items | — | ($101.0m) | ($201.3m) | ($272.6m) | ($165.7m) | — | |
| Provisionand Write Offof Assets | — | $608k | $100k | $0 | $981k | $981k | |
| Purchase Of Business | — | — | $0 | $0 | ($9.4m) | ($9.4m) | |
| Purchase Of Intangibles | — | ($10.8m) | ($45.4m) | ($16.8m) | ($19.0m) | ($19.0m) | |
| Purchase Of Investment | — | ($2.0m) | $0 | $0 | ($521k) | ($521k) | |
| Purchase Of PPE | — | ($3.9m) | ($68k) | ($37k) | ($9.1m) | ($28.1m) | |
| Sale Of Intangibles | — | $71.4m | $222.4m | $184.8m | $127.1m | $127.1m | |
| Sale Of PPE | — | — | $0 | $0 | $673k | $673k | |
| Stock Based Compensation | — | $0 | $0 | $26.1m | $588k | $588k | |
| Unrealized Gain Loss On Investment Securities | — | $0 | $0 | $1.3m | ($1.2m) | ($1.2m) |