Odaily Planet News: On the occasion of its fifth anniversary, Leo Lu, Chairman and CEO of BitFuFu, released an open letter to users, systematically reviewing the company's development path and long-term strategy since its establishment in 2020. The letter disclosed that BitFuFu has cumulatively mined nearly 30,000 bitcoins since its founding and has maintained stable operations through multiple market cycles.
BitFuFu went public on NASDAQ on March 1, 2024 (stock code: FUFU). According to a report by Frost & Sullivan, BitFuFu has grown into the world's largest cloud computing power platform, serving over 640,000 users and achieving annual profitability. To date, the company has managed a peak computing power of more than 38 EH/s and a peak power capacity of 752 megawatts. Its business covers cloud computing power, self-operated mining, hosting, and mining equipment services, with a continuously expanding global user base.
In terms of future planning, BitFuFu stated that it will gradually shift from a light-asset model to a more flexible vertically integrated model. While maintaining its platform advantages, the company will strategically build its own assets. It plans to explore self-generated power for mining and full-chain energy management, and promote the integration of cloud computing power with real-world assets (RWA) within a compliant framework. At the same time, the company will cautiously expand into new global regions and partnerships.