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This article first appeared on GuruFocus. Release Date: August 17, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Self-mining hashrate grew 9.3% quarter-over-quarter to 3.5 EH/s, with monthly production nearly tripling from 32 to 90 Bitcoin. Hosting revenue surged 254% year-over-year, driven by strong demand for the buy-and-host solution. Fleet efficiency remained highly competitive at 17.8-18.1 J/TH, supported by dynamic overclocking/underclocking via BitFuFu OS. Secured additional hashrate capacity in June and July, positioning total managed hashrate to return to ~20 EH/s by mid-August. Strengthened balance sheet by repaying $10 million in Bitcoin-backed loans and reducing pledged Bitcoin from 357 to 54, with only $5.4 million in outstanding loans. Total revenue and cloud mining revenue declined sharply year-over-year due to lower Bitcoin prices and reduced customer demand. Cloud mining net dollar retention rate fell to 24.1%, reflecting existing customers reducing order volumes amid weak mining economics. Net loss of $20.5 million, including $16.9 million in fair value losses on Bitcoin holdings and digital asset receivables/payables. Total cash and digital assets decreased from $177.1 million at year-end to $119.5 million, partly due to Bitcoin price depreciation and prepayments. High-cost hashrate procured in Q4 2025 continued to pressure profit margins in the first half of 2026. Warning! GuruFocus has detected 3 Warning Signs with FUFU. Is FUFU fairly valued? Test your thesis with our free DCF calculator. Q: What were the key drivers behind the significant increase in self-mining production and hosting revenue during Q2 2026?A: CEO Leo Lu stated that self-mining hashrate grew to approximately 3.5 EH/s, up 9.3% quarter-over-quarter. This, combined with increased hashrate allocation, nearly tripled monthly self-mining production from 32 Bitcoin to a peak of 90 Bitcoin. Hosting revenue increased 254% year-over-year, primarily driven by the company's "buy-and-host" solution, which gained traction with clients seeking flexible asset management. Q: How is the company addressing the decline in cloud mining revenue and net dollar retention rate?A: CFO Calla Zhao explained that cloud mining revenue fell to $24.9 million, with the net dollar retention rate at 24.1%. This decline was attributed to existing customers reducing order volumes due to lower Bitcoin prices and weaker mining economics, not a proportional loss of the customer base. The company is actively responding with product enhancements and service innovation to meet evolving customer risk preferences, noting growing demand for differentiated products like hashrate contracts with stable outputs. Q: What is the company's strategy regarding its hashrate capacity and procurement in the current market environment?A: Leo Lu emphasized that the company will not sacrifice unit economics to maintain headline hashrate. During Q2, BitFuFu proactively adjusted its procurement strategy and contract duration mix when third-party hashrate contracts no longer met requirements. The company acquired approximately 3,200 latest-generation S21XP miners and secured additional hashrate capacity in June and July, positioning total managed hashrate to return to around 20 EH/s by mid-August. Q: Can you elaborate on the company's cost management and operational efficiency measures?A: Leo Lu highlighted the company's "cost moat" created by operational discipline and technical capabilities. Using the BitFuFu OS firmware system, the company dynamically overclocks or underclocks its fleet based on market conditions and power prices. Average fleet efficiency remained strong at 17.8 to 18.1 J/TH. CFO Calla Zhao added that at the Oklahoma mining site, optimized curtailment programs reduced electricity costs to approximately $0.03 per kilowatt hour in June. Q: What were the main factors contributing to the net loss in Q2 2026?A: Calla Zhao reported a net loss of $20.5 million for the quarter. Fair value losses on Bitcoin holdings and digital asset receivables and payables contributed $16.9 million to this loss. Excluding this impact, adjusted EBITDA would have been approximately negative $1.5 million, which she described as a "relatively contained loss" given the scale of revenue pressure. Q: How is BitFuFu managing its balance sheet and capital allocation during the market downturn?A: The company ended Q2 with total cash and digital assets of $119.5 million, down from $177.1 million at year-end, due to Bitcoin price depreciation and prepayments for hashrate procurement. Total Bitcoin holdings were 1,671 BTC. The company demonstrated capital discipline by completing the quarter with very limited equity issuance, repaying $10 million in Bitcoin-backed loans, and reducing pledged Bitcoin from 357 to 54. The Board also authorized a $5 million share repurchase program. Q: What is the company's outlook on the broader Bitcoin mining industry and its competitive positioning?A: Leo Lu noted a structural transformation in the industry, with some US-listed miners transitioning power and infrastructure to AI data centers, permanently removing capacity from the Bitcoin network. This trend is visible in network data, with global hashrate declining approximately 20% from its peak by late June 2026. He believes this less crowded network could support better operating conditions and improved profitability for high-quality miners like BitFuFu that remain focused on Bitcoin mining. Q: How does the company plan to fund its operations and future growth given the challenging market?A: Calla Zhao stated that the company funded operations through operating cash flow, Bitcoin sales, and its credit facility instead of diluting shareholders through equity issuance. The company continues to invest in more efficient mining equipment (S21 units) and secured additional capacity for the second half of the year as part of a shift toward longer-term, cost-efficient hashrate contracts, describing this as "preparation for future growth, not a rushed expansion." Q: What is the company's strategy for its cloud mining product suite going forward?A: Leo Lu indicated that while lower Bitcoin prices temporarily weighed on customer ordering, the company observed growing demand for differentiated products, such as hashrate products with stable outputs. These insights are guiding the continued refinement of the cloud mining product suite to better align with evolving customer needs and risk preferences. Q: What gives management confidence in the company's long-term value proposition despite current headwinds?A: Leo Lu reiterated confidence in the long-term value of Bitcoin and strong global demand for high-quality computing power and mining infrastructure. He views BitFuFu as an infrastructure platform supporting the broader digital economy, not just a mining company. The company's efficient infrastructure, core power resources, and strong operating capabilities provide "meaningful long-term option value" and flexibility to act when new opportunities emerge. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in BitFuFu Inc.? Here are five stocks we like better. Revenue weakened and BitFuFu posted a loss: Cloud-mining revenue fell to $24.9 million amid lower Bitcoin prices and reduced customer commitments, while the company reported a $20.5 million net loss. Excluding $16.9 million in fair-value losses, adjusted EBITDA was approximately negative $1.5 million. Operations shifted toward self-mining and hosting: Self-mining hash rate increased 9.3% sequentially to about 3.5 exahashes per second, lifting quarterly monthly production from 32 to as much as 90 Bitcoin. Hosting revenue rose 254% year over year, supported by the Buy and Host offering. BitFuFu expanded capacity while tightening its balance sheet: The company acquired about 3,200 S21 XP miners and expects managed hash rate to return to roughly 20 exahashes per second by mid-August. Cash and digital assets declined to $119.5 million, but Bitcoin-backed debt was reduced and the board authorized up to $5 million in share repurchases. BitFuFu (NASDAQ:FUFU) reported second-quarter 2026 results marked by lower cloud-mining revenue and a net loss amid weaker Bitcoin prices, while management emphasized growth in self-mining production, expansion of hosting services and investments in more efficient equipment. Chairman and CEO Leo Lu described the quarter as a period of operational repositioning as the company adjusted its hash rate mix, expanded self-mining capacity and sought to improve cost efficiency. By the end of June, BitFuFu’s self-mining hash rate reached approximately 3.5 exahashes per second, up 9.3% sequentially. → Applied Materials Beat Everything but Wall Street’s Expectations for Margins The increased allocation of capacity to self-mining helped monthly Bitcoin production rise from 32 Bitcoin to a peak of 90 Bitcoin during the quarter, according to Lu. The company also said hosting revenue rose 254% year over year, led by demand for its Buy and Host offering, which provides clients with asset ownership and operational management services. CFO Calla Zhao said cloud-mining solutions remained BitFuFu’s largest revenue source, generating $24.9 million, or 58.3% of total revenue. However, total revenue and cloud-mining revenue declined sharply from the prior-year period, which Zhao attributed largely to the differing Bitcoin-price environments. → Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Bitcoin prices rose from roughly $86,000 in April 2025 to more than $100,000 by June 2025, supporting customer demand and capacity expansion in that period, Zhao said. In contrast, the second quarter of 2026 followed two quarters of Bitcoin price pressure, causing customers and miners to delay new commitments. BitFuFu’s cloud-mining net dollar retention rate was 24.1% during the quarter. Zhao said the decline primarily reflected existing customers reducing order volumes in response to lower Bitcoin prices and weaker mining economics, rather than a proportional loss of customers. The company said it is pursuing product enhancements and service innovation, including products designed to offer more stable outputs. → AirJoule Technologies: Short Squeeze Setup Amid Rising Risks Self-mining operations generated $14 million in revenue. Zhao said the segment remained relatively stable despite a 27% decline in the average Bitcoin price, as increased allocated hash rate and improved fleet efficiency partly offset the pricing impact. Hosting and other services produced $3.9 million in revenue, supported by the scaling of the Buy and Host solution. Cost of revenue totaled $43.7 million, declining significantly from the second quarter of 2025 as the company adjusted its scale. Zhao said some high-cost hash rate procured during the fourth quarter of 2025 continued to pressure margins during the first half of 2026. However, BitFuFu said its procurement optimization efforts have secured more cost-efficient hash rate at prevailing market rates. BitFuFu recorded a net loss of $20.5 million for the second quarter. Fair-value losses on Bitcoin holdings and digital-asset receivables and payables accounted for $16.9 million of that loss. Excluding the fair-value-loss impact, adjusted EBITDA would have been approximately negative $1.5 million, according to Zhao. Lu said BitFuFu maintained average fleet efficiency between 17.8 and 18.1 joules per terahash during the quarter. The company uses its BitFuFuOS firmware system to overclock or underclock mining equipment based on market conditions and power prices, he said. At its Oklahoma mining site, Zhao said participation in optimized curtailment programs reduced electricity costs to approximately $0.03 per kilowatt-hour in June. During the quarter, BitFuFu acquired approximately 3,200 latest-generation S21 XP miners and secured additional hash rate capacity in June and July. Management said the new capacity was expected to come online through August, positioning the company to return total managed hash rate to around 20 exahashes per second by mid-August. As of June 30, BitFuFu held $119.5 million in cash and digital assets, down from $177.1 million at the end of 2025. Zhao said the reduction was primarily due to Bitcoin price depreciation and prepayments made to secure hash rate procurement. Total Bitcoin holdings were 1,671 Bitcoin as of June 30. Of those holdings, 54 Bitcoin were pledged as collateral for loans, down from 357 Bitcoin at March 31. The company repaid $10 million of Bitcoin-backed loans and replaced $3 million of Bitcoin-backed loans with unsecured loans. Outstanding loans totaled $5.4 million at quarter-end. Zhao said the company limited equity issuance during the quarter and funded operations through operating cash flow, Bitcoin sales and its credit facility. BitFuFu’s board also authorized the repurchase of up to $5 million of Class A ordinary shares. Lu said BitFuFu will continue to evaluate power-market, infrastructure and hash rate opportunities while considering Bitcoin prices, macroeconomic conditions and mining economics in capital-allocation decisions. He said the company would not pursue headline hash rate growth at the expense of unit economics. Management also pointed to changes in the wider mining sector, including some U.S.-listed miners transitioning power and infrastructure toward artificial intelligence and high-performance computing data centers. Lu said Bitcoin network difficulty reached approximately 156 trillion in November 2025, while global network hash rate had fallen about 20% from its peak by late June 2026 and was approximately 14% below its high for the year. BitFuFu said it was named to TIME’s 2026 list of the World’s Growth Leaders and the Fortune Southeast Asia 500. The company said it remains focused on operating efficiency, competitive power access, disciplined procurement and flexible management of hash rate across market cycles. BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "BitFuFu Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

BitFuFu Inc. (NASDAQ:FUFU) shares dropped 17.24% in pre-market trading on Monday after the Bitcoin mining company reported a second-quarter loss that was worse than analysts expected and a steep year-on-year decline in revenue. For the quarter ended June 30, 2026, BitFuFu recorded an adjusted loss of $0.12 per share, compared with the analyst consensus for earnings of $0.01 per share, representing a $0.13 shortfall. Revenue fell 62.9% year-on-year to $42.8 million from $115.4 million in the second quarter of 2025. The result was also substantially below the $92.51 million expected by analysts. BitFuFu attributed the revenue contraction to a 27.5% year-on-year decline in Bitcoin’s price, weaker demand for its Cloud Mining Solutions and the company’s deliberate optimisation of deployed hashrate. Cloud Mining Solutions revenue dropped 73.6% to $24.9 million from $94.3 million a year earlier, reflecting lower average selling prices and subdued market sentiment. Self-Mining Operations generated $14.0 million in revenue, slightly below the $14.8 million reported in the comparable period. Hosting Revenue and Others increased to $3.9 million from $1.1 million. Mining Equipment Sales contributed no revenue during the quarter, compared with $5.2 million in the second quarter of 2025. The company posted a net loss of $20.5 million, reversing net income of $47.1 million in the same quarter last year. Adjusted EBITDA was negative $18.4 million, compared with positive $60.7 million a year earlier. The latest figure was significantly affected by a $16.9 million fair value loss on digital assets. “Second-quarter results reflected one of the more challenging operating environments our industry has experienced recently, but they do not change our conviction in BitFuFu’s long-term opportunity,” said Leo Lu, Chief Executive Officer and Chairman of the Board. BitFuFu’s total hashrate under management stood at 15.3 EH/s as of June 30, down 57.7% from 36.2 EH/s a year earlier. However, the company said it subsequently secured additional hashrate, bringing total managed capacity back to approximately 20 EH/s by mid-August. Bitcoin holdings declined 6.8% to 1,671 BTC from 1,792 BTC as BitFuFu sold some of its cryptocurrency holdings to support operational requirements. Combined cash, cash equivalents and digital assets totalled $119.5 million at the end of June, down from $177.1 million as of December 31, 2025. The sharp deterioration in revenue and profitability highlights the pressure created by weaker Bitcoin prices and softer cloud mining demand, although the recovery in managed hashrate provides some evidence of rebuilding operational capacity heading into the second half of the year. BitFuFu stock price

Chicago Atlantic Real Estate Finance, Inc. (REFI) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.42%. A quarter ago, it was expected that this company would post earnings of $0.48 per share when it actually produced earnings of $0.46, delivering a surprise of -4.17%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Chicago Atlantic Real Estate Finance, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $12.84 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 7.26%. This compares to year-ago revenues of $14.43 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Chicago Atlantic Real Estate Finance shares have lost about 16.5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Chicago Atlantic Real Estate Finance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Chicago Atlantic Real Estate Finance was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.50 on $14.11 million in revenues for the coming quarter and $1.88 on $55.36 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. BitFuFu Inc. (FUFU), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -111.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BitFuFu Inc.'s revenues are expected to be $75.02 million, down 35% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chicago Atlantic Real Estate Finance, Inc. (REFI) : Free Stock Analysis Report BitFuFu Inc. (FUFU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MidCap Financial Investment (MFIC) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this investment company would post earnings of $0.36 per share when it actually produced earnings of $0.38, delivering a surprise of +5.56%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. MidCap Financial, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $68.23 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.13%. This compares to year-ago revenues of $81.25 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MidCap Financial shares have lost about 17.1% since the beginning of the year versus the S&P 500's gain of 12.8%. While MidCap Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MidCap Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $65.18 million in revenues for the coming quarter and $1.38 on $267.47 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, BitFuFu Inc. (FUFU), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -111.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BitFuFu Inc.'s revenues are expected to be $75.02 million, down 35% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MidCap Financial Investment Corporation (MFIC) : Free Stock Analysis Report BitFuFu Inc. (FUFU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Chime Financial, Inc. (CHYM) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to a loss of $7.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +800.00%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.13, delivering a surprise of +333.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Chime Financial, Inc., which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $669.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.55%. This compares to year-ago revenues of $528.15 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Chime Financial, Inc. shares have lost about 0.9% since the beginning of the year versus the S&P 500's gain of 13%. While Chime Financial, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Chime Financial, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $670.2 million in revenues for the coming quarter and $0.30 on $2.68 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. BitFuFu Inc. (FUFU), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -111.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BitFuFu Inc.'s revenues are expected to be $75.02 million, down 35% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chime Financial, Inc. (CHYM) : Free Stock Analysis Report BitFuFu Inc. (FUFU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management adopted a defensive posture during Q1 2026, deliberately reducing self-mining exposure to mitigate risk and preserve liquidity during a period of significant Bitcoin price volatility. The company leaned into its 'dual engine' model, prioritizing cloud mining which grew to 79.1% of total revenue to provide more durable and recurring performance compared to volatile self-mining. Operational discipline was maintained through BitFuFu OS, using AI-enabled dashboards to dynamically overclock or underclock the mining fleet based on real-time market and power metrics. Fleet efficiency improved structurally to 17.7 joules per terahash from 23.2 a year ago, driven by the deployment of S21 units and higher hashrate production per unit of power. Management treated Bitcoin holdings as strategic liquidity, timing disposals to match power expenses and operational needs rather than holding purely as a speculative asset. The decline in gross margin was attributed to the carrying costs of higher-priced hashrate procured in Q4 2025 and increased network difficulty, which management views as a timing effect. The company plans to shift from 'defense to offense' by selectively increasing the portion of longer-term 360-day hashrate contracts to mitigate rollover risk and improve operational stability. Management intends to lock in cost-effective long-term hashrate while Bitcoin prices are in a lower range, anticipating a strategic window as other miners transition to AI and HPC infrastructure. Growth initiatives will be funded through a combination of operating cash flow, selective Bitcoin sales, and a $100 million revolving credit facility to limit equity dilution. The company expects total managed hashrate to remain relatively stable through year-end while focusing on improving the quality and cost-basis of the underlying portfolio. Future expansion into real-world assets and energy will be evaluated strictly against core economics and the company's existing risk profile. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Net loss of $35.0 million was primarily driven by $35.6 million in fair value losses on Bitcoin holdings and digital asset receivables/payables. The company significantly reduced its revolving credit facility balance from $50 million at quarter-end to $5 million subsequently to strengthen the balance sheet. Hosting and other services revenue grew to $3.8 million, driven by the 2025 acquisition of a mining facility that enabled a 'buy-and-host' solution for clients. Cloud mining net dollar retention stood at 85.7%, which management cites as evidence of platform reliability despite the volatile market environment.

BitFuFu Inc. (FUFU) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -62.55%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.2, delivering a surprise of -900%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. BitFuFu Inc., which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $72.66 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 22.16%. This compares to year-ago revenues of $78.04 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BitFuFu Inc. shares have lost about 24.2% since the beginning of the year versus the S&P 500's gain of 10.5%. While BitFuFu Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BitFuFu Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $97.44 million in revenues for the coming quarter and $0.14 on $422.12 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, MoneyHero Limited (MNY), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. MoneyHero Limited's revenues are expected to be $16.18 million, up 13.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BitFuFu Inc. (FUFU) : Free Stock Analysis Report MoneyHero Limited (MNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research