By Adriano Marchese
BitFuFu shares rose in premarket trading Wednesday on the back of doubled revenue in the third quarter thanks to demand for its specialized mining computers and cloud-mining services.
Shares traded 11% higher at $3.53.
The digital-asset mining company on Wednesday reported revenue of $180.7 million, double what it was a year earlier. The quarter's growth also topped expectations, as analysts had expected revenue to rise to just $129.2 million, according to FactSet.
BitFuFu said the climb was driven by strong demand from customers for cloud-mining solutions and mining equipment, as well as its continued expansion of mining capacity.
Net income totaled $11.6 million, up from a loss of $5 million a year earlier. On a per-share basis, this was a profit of 7 cents compared with a loss of 3 cents a year earlier.
The Singapore company held 1,962 bitcoin at quarter's end, which is an increase of about 20% over the prior-year period.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 12, 2025 07:17 ET (12:17 GMT)
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