{"success":true,"data":{"pressRelease":{"id":"168249","rtpr_id":"nGNXbqF8Gj-20261013","ticker":"FUFU","exchange":"NASDAQ","all_tickers":["FUFU"],"title":"BitFuFu Announces September 2026 Bitcoin Production and Operational Updates","author":"Globe Newswire","published_at":"2026-10-13T21:00:00.167Z","article_body":"SINGAPORE, Oct. 13, 2026 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or\nthe “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining\nservices innovator, today announced its unaudited Bitcoin production and\noperational metrics for September 2026.\n\n“September reflected the stability of our operating platform and our\ncontinued focus on operational efficiency. Daily Bitcoin production remained\nsteady at 5.6 BTC, while self-mining production increased to 98 BTC from 88\nBTC in August,” said Leo Lu, Chairman and CEO of BitFuFu. “Regarding the\nmatters relating to the previous agreement in Ethiopia, the investment\nrepresents a limited portion of our overall asset base. The facility has been\nsubject to local power curtailment, the effects of which have been reflected\nin our previously reported monthly operating results, with limited further\nimpact on our Bitcoin production expected going forward. We believe this\nevent’s incremental impact on the Company will be minimal, and we are well\npositioned to manage any necessary adjustments to further mitigate its\neffects.”\n\nSeptember 2026 Highlights (as of September 30, 2026)\n\n                                                            September 2026  August 2026  \n Bitcoin Held                                               1,388 BTC       1,373 BTC    \n Bitcoin Production                                         167 BTC         174 BTC      \n Daily Bitcoin Production                                   5.6 BTC         5.6 BTC      \n Self-Mining Production                                     98 BTC          88 BTC       \n Cloud Mining Production                                    69 BTC          86 BTC       \n Hashrate                                                   19.4 EH/s       20.6 EH/s    \n Self-Owned Hashrate                                        3.8 EH/s        3.8 EH/s     \n Hashrate from Third-Party Suppliers and Hosting Customers  15.6 EH/s       16.8 EH/s    \n Average Fleet Efficiency                                   16.7 J/TH       16.7 J/TH    \n Power Capacity                                             324 MW          344 MW       \n\nBitcoin Holdings and Production:\n* Bitcoin Held: 1,388 BTC, an increase of 15 BTC from August.\n* Bitcoin Production: 167 BTC (including 69 BTC from cloud mining and 98 BTC\nfrom self-mining), representing a 4.0% month-over-month decrease from 174 BTC\nin August. Daily Bitcoin production averaged 5.6 BTC in September, unchanged\nfrom August.\nHashrate Overview:\n* Total Hashrate Under Management: 19.4 EH/s. * Self-Owned Hashrate(1): 3.8\nEH/s, unchanged from August.\n* Hashrate from Third-Party Suppliers and Hosting Customers(1): 15.6 EH/s.  \n \n* Average Fleet Efficiency: 16.7 J/TH, maintaining the same level as in\nAugust.\nPower and Infrastructure:\n* Total Power Capacity Under Management: 324 MW.\nUpdate on Proposed Acquisition of Bitcoin Mining Facility in Ethiopia:\nAs previously disclosed on October 22, 2024,the Company, through its\nwholly-owned subsidiary, Finfront Holding Company, entered into an acquisition\nagreement (as amended and supplemented from time to time, the “Agreement”)\nwith certain shareholders (the “Sellers”) of an Ethiopian company which\nowns and operates an 80-megawatt (MW) Bitcoin mining facility in Ethiopia (the\n“Target Company”), pursuant to which the Company agreed to acquire a\nmajority stake in the Target Company (the “Proposed Acquisition”). The\nclosing of the Proposed Acquisition is subject to a number of conditions\nprecedent designated to protect the Company’s interests, including but not\nlimited to the Target Company’s completion of certain asset consolidation,\nthe Sellers’ completion of the required government filings in Ethiopia\nwithin the applicable timeframes, and the absence of any material adverse\nchange in or undisclosed liability of the Target Company (the “Conditions\nPrecedent”).\n\nAs of the date of this current report on Form 6-K (this “Report”), the\nConditions Precedent have not all been satisfied or waived by the Company, and\nthe Proposed Acquisition has not been consummated. In connection with the\nProposed Acquisition, the Company has made cash payments in the aggregate\namount of US$4,100,000 to the Sellers and has deployed approximately 13,700\nunits of BITMAIN ANTMINER S19 series mining machines (the “Deployed\nMachines”) to the mining facility related to the Target Company. The\nDeployed Machines collectively generate an aggregate hashrate of approximately\n1.57 EH/s and carry a total net book value of US$1.74 million as of September\n30, 2026, representing a small proportion of the Company's total assets.\n\nThe Company has recently become aware that the Target Company is involved in a\ncontractual dispute with its electric power supplier in Ethiopia (the\n“Supplier”). The Company is not a direct party to the underlying contract\nor dispute. On September 28, 2026, the Supplier notified the Target Company\nthat, if the Target Company did not make certain payment to the Supplier\nwithin a ten (10)-day notice period, the Supplier intended to exercise certain\nsecurity rights and take possession of the Target Company’s collateralized\nequipment and assets upon the expiration of such ten (10)-day notice period.\nTo the best of the Company’s knowledge, as of the date of this Report, the\nTarget Company has not remitted the disputed amounts to the Supplier.\nConsidering this, the Company promptly initiated an assessment of its\nresponse.\n\nBased on this assessment, the Company believes there is a material risk that\nthe Target Company may be unable to satisfy the relevant Conditions Precedent.\nSuch failure could prevent the closing of the Proposed Acquisition on the\ncurrently contemplated terms, within the anticipated timeframe, or at all. In\naddition, if the dispute results in a change to the operating environment of\nthe Deployed Machines, part of the Company’s mining operation arrangements\nmay need to be adjusted accordingly; however, the Company believes it has the\nability to address such changes through the reallocation of its existing\nresources.\n\nTo safeguard the security of its existing investments, the Company is\ncurrently evaluating its contractual rights and available remedies under the\nAgreement, including potential termination of the Agreement, commencement of\narbitration against the Sellers, recovery of amounts paid and return of the\nDeployed Machines. The Company has full confidence in its ability to protect\nits legal and financial interests, as well as those of its shareholders.\nHowever, the final outcome of these matters remains uncertain, and the Company\nwill continue to monitor the situation and provide further disclosures as\nnecessary and appropriate under applicable obligations.\n\nAbout BitFuFu Inc.\nBitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator.\nBitFuFu is committed to empowering the global Bitcoin network through its\nindustry-leading cloud mining platform, rapidly scaling infrastructure, and\ninnovative mining services.\n\nFor more information, visit ir.bitfufu.com\n(https://www.globenewswire.com/Tracker?data=Y51IDT_vLU69LKxVkh5V6mF-xZSETjlFD0OrP9_igeFLYZVCd3OSyDKyOGub28Z5MwkRBkzxVHNTW_KltC5mPhHZXcKJWrJaRm-XlT3h9X4=)\nor follow BitFuFu on X @BitFuFuOfficial\n(https://www.globenewswire.com/Tracker?data=rCB0K_bmvUNUP1mBv1prkYxhOwuNQQZfbNR3-unckw7UPIpFCZJJ1EY77Zus9bVhwg8Qb2lV5gm74jo1An5ANOtc9NXO_H4FGoTE_oEPsgE=).\n\nForward-Looking Statements\nThis press release includes “forward-looking statements” within the\nmeaning of the “safe harbor” provisions of the United States Private\nSecurities Litigation Reform Act of 1995. Forward-looking statements may be\nidentified by the use of words such as “estimate,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target” or other similar\nexpressions that predict or indicate future events or trends. Statements that\nare not historical facts, including statements about the Company’s beliefs\nand expectations, are forward-looking statements. These statements are based\non various assumptions, whether or not identified in this press release, and\non the current expectations of BitFuFu’s management and are not predictions\nof actual performance. These statements involve risks, uncertainties and other\nfactors that may cause BitFuFu’s actual results, levels of activity,\nperformance, or achievements to be materially different from those expressed\nor implied by these forward-looking statements. Although the Company believes\nthat it has a reasonable basis for each forward-looking statement contained in\nthis press release, the Company cautions you that these statements are based\non a combination of facts and factors currently known and projections of the\nfuture, which are inherently uncertain. All information provided in this press\nrelease is as of the date of this press release and the Company does not\nundertake any duty to update such information, except as required under\napplicable law.\n\nInvestor Contact:\nBitFuFu Investor Relations\nir@bitfufu.com\n\nMedia Contact:\nBitFuFu Media Relations\npr@bitfufu.com\n\n_____________________________\n(1) Hashrate may be used for both self-mining and cloud mining.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e8d293ab-eab6-48dd-8a32-f388c05d1cef)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbqF8Gj-20261013","title":"BitFuFu Announces September 2026 Bitcoin Production and Operational Updates","author":"Globe Newswire","ticker":"FUFU","created":"2026-10-13T21:00:00.167Z","tickers":["FUFU"],"exchange":"NASDAQ","article_body":"SINGAPORE, Oct. 13, 2026 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or\nthe “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining\nservices innovator, today announced its unaudited Bitcoin production and\noperational metrics for September 2026.\n\n“September reflected the stability of our operating platform and our\ncontinued focus on operational efficiency. Daily Bitcoin production remained\nsteady at 5.6 BTC, while self-mining production increased to 98 BTC from 88\nBTC in August,” said Leo Lu, Chairman and CEO of BitFuFu. “Regarding the\nmatters relating to the previous agreement in Ethiopia, the investment\nrepresents a limited portion of our overall asset base. The facility has been\nsubject to local power curtailment, the effects of which have been reflected\nin our previously reported monthly operating results, with limited further\nimpact on our Bitcoin production expected going forward. We believe this\nevent’s incremental impact on the Company will be minimal, and we are well\npositioned to manage any necessary adjustments to further mitigate its\neffects.”\n\nSeptember 2026 Highlights (as of September 30, 2026)\n\n                                                            September 2026  August 2026  \n Bitcoin Held                                               1,388 BTC       1,373 BTC    \n Bitcoin Production                                         167 BTC         174 BTC      \n Daily Bitcoin Production                                   5.6 BTC         5.6 BTC      \n Self-Mining Production                                     98 BTC          88 BTC       \n Cloud Mining Production                                    69 BTC          86 BTC       \n Hashrate                                                   19.4 EH/s       20.6 EH/s    \n Self-Owned Hashrate                                        3.8 EH/s        3.8 EH/s     \n Hashrate from Third-Party Suppliers and Hosting Customers  15.6 EH/s       16.8 EH/s    \n Average Fleet Efficiency                                   16.7 J/TH       16.7 J/TH    \n Power Capacity                                             324 MW          344 MW       \n\nBitcoin Holdings and Production:\n* Bitcoin Held: 1,388 BTC, an increase of 15 BTC from August.\n* Bitcoin Production: 167 BTC (including 69 BTC from cloud mining and 98 BTC\nfrom self-mining), representing a 4.0% month-over-month decrease from 174 BTC\nin August. Daily Bitcoin production averaged 5.6 BTC in September, unchanged\nfrom August.\nHashrate Overview:\n* Total Hashrate Under Management: 19.4 EH/s. * Self-Owned Hashrate(1): 3.8\nEH/s, unchanged from August.\n* Hashrate from Third-Party Suppliers and Hosting Customers(1): 15.6 EH/s.  \n \n* Average Fleet Efficiency: 16.7 J/TH, maintaining the same level as in\nAugust.\nPower and Infrastructure:\n* Total Power Capacity Under Management: 324 MW.\nUpdate on Proposed Acquisition of Bitcoin Mining Facility in Ethiopia:\nAs previously disclosed on October 22, 2024,the Company, through its\nwholly-owned subsidiary, Finfront Holding Company, entered into an acquisition\nagreement (as amended and supplemented from time to time, the “Agreement”)\nwith certain shareholders (the “Sellers”) of an Ethiopian company which\nowns and operates an 80-megawatt (MW) Bitcoin mining facility in Ethiopia (the\n“Target Company”), pursuant to which the Company agreed to acquire a\nmajority stake in the Target Company (the “Proposed Acquisition”). The\nclosing of the Proposed Acquisition is subject to a number of conditions\nprecedent designated to protect the Company’s interests, including but not\nlimited to the Target Company’s completion of certain asset consolidation,\nthe Sellers’ completion of the required government filings in Ethiopia\nwithin the applicable timeframes, and the absence of any material adverse\nchange in or undisclosed liability of the Target Company (the “Conditions\nPrecedent”).\n\nAs of the date of this current report on Form 6-K (this “Report”), the\nConditions Precedent have not all been satisfied or waived by the Company, and\nthe Proposed Acquisition has not been consummated. In connection with the\nProposed Acquisition, the Company has made cash payments in the aggregate\namount of US$4,100,000 to the Sellers and has deployed approximately 13,700\nunits of BITMAIN ANTMINER S19 series mining machines (the “Deployed\nMachines”) to the mining facility related to the Target Company. The\nDeployed Machines collectively generate an aggregate hashrate of approximately\n1.57 EH/s and carry a total net book value of US$1.74 million as of September\n30, 2026, representing a small proportion of the Company's total assets.\n\nThe Company has recently become aware that the Target Company is involved in a\ncontractual dispute with its electric power supplier in Ethiopia (the\n“Supplier”). The Company is not a direct party to the underlying contract\nor dispute. On September 28, 2026, the Supplier notified the Target Company\nthat, if the Target Company did not make certain payment to the Supplier\nwithin a ten (10)-day notice period, the Supplier intended to exercise certain\nsecurity rights and take possession of the Target Company’s collateralized\nequipment and assets upon the expiration of such ten (10)-day notice period.\nTo the best of the Company’s knowledge, as of the date of this Report, the\nTarget Company has not remitted the disputed amounts to the Supplier.\nConsidering this, the Company promptly initiated an assessment of its\nresponse.\n\nBased on this assessment, the Company believes there is a material risk that\nthe Target Company may be unable to satisfy the relevant Conditions Precedent.\nSuch failure could prevent the closing of the Proposed Acquisition on the\ncurrently contemplated terms, within the anticipated timeframe, or at all. In\naddition, if the dispute results in a change to the operating environment of\nthe Deployed Machines, part of the Company’s mining operation arrangements\nmay need to be adjusted accordingly; however, the Company believes it has the\nability to address such changes through the reallocation of its existing\nresources.\n\nTo safeguard the security of its existing investments, the Company is\ncurrently evaluating its contractual rights and available remedies under the\nAgreement, including potential termination of the Agreement, commencement of\narbitration against the Sellers, recovery of amounts paid and return of the\nDeployed Machines. The Company has full confidence in its ability to protect\nits legal and financial interests, as well as those of its shareholders.\nHowever, the final outcome of these matters remains uncertain, and the Company\nwill continue to monitor the situation and provide further disclosures as\nnecessary and appropriate under applicable obligations.\n\nAbout BitFuFu Inc.\nBitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator.\nBitFuFu is committed to empowering the global Bitcoin network through its\nindustry-leading cloud mining platform, rapidly scaling infrastructure, and\ninnovative mining services.\n\nFor more information, visit ir.bitfufu.com\n(https://www.globenewswire.com/Tracker?data=Y51IDT_vLU69LKxVkh5V6mF-xZSETjlFD0OrP9_igeFLYZVCd3OSyDKyOGub28Z5MwkRBkzxVHNTW_KltC5mPhHZXcKJWrJaRm-XlT3h9X4=)\nor follow BitFuFu on X @BitFuFuOfficial\n(https://www.globenewswire.com/Tracker?data=rCB0K_bmvUNUP1mBv1prkYxhOwuNQQZfbNR3-unckw7UPIpFCZJJ1EY77Zus9bVhwg8Qb2lV5gm74jo1An5ANOtc9NXO_H4FGoTE_oEPsgE=).\n\nForward-Looking Statements\nThis press release includes “forward-looking statements” within the\nmeaning of the “safe harbor” provisions of the United States Private\nSecurities Litigation Reform Act of 1995. Forward-looking statements may be\nidentified by the use of words such as “estimate,” “plan,”\n“project,” “forecast,” “intend,” “will,” “expect,”\n“anticipate,” “believe,” “seek,” “target” or other similar\nexpressions that predict or indicate future events or trends. Statements that\nare not historical facts, including statements about the Company’s beliefs\nand expectations, are forward-looking statements. These statements are based\non various assumptions, whether or not identified in this press release, and\non the current expectations of BitFuFu’s management and are not predictions\nof actual performance. These statements involve risks, uncertainties and other\nfactors that may cause BitFuFu’s actual results, levels of activity,\nperformance, or achievements to be materially different from those expressed\nor implied by these forward-looking statements. Although the Company believes\nthat it has a reasonable basis for each forward-looking statement contained in\nthis press release, the Company cautions you that these statements are based\non a combination of facts and factors currently known and projections of the\nfuture, which are inherently uncertain. All information provided in this press\nrelease is as of the date of this press release and the Company does not\nundertake any duty to update such information, except as required under\napplicable law.\n\nInvestor Contact:\nBitFuFu Investor Relations\nir@bitfufu.com\n\nMedia Contact:\nBitFuFu Media Relations\npr@bitfufu.com\n\n_____________________________\n(1) Hashrate may be used for both self-mining and cloud mining.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e8d293ab-eab6-48dd-8a32-f388c05d1cef)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-13T21:00:00.203409901Z","server_sent_at_ms":1791925200203},"received_at":"2026-10-13T21:00:00.433Z","source_url":null},"analysis":{"id":"156523","press_release_id":"168249","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["Ethiopian acquisition at material risk of failing Conditions Precedent","Target Company dispute with power supplier; supplier threatened to seize collateralized equipment within 10-day notice period","US$4.1M already paid to Sellers plus ~13,700 deployed miners exposed; outcome uncertain"],"eventType":"operations_update","narrative":"BitFuFu reported September 2026 Bitcoin production of 167 BTC, down 4% month-over-month, with self-mining output up to 98 BTC while cloud mining fell to 69 BTC.\n\nHoldings rose to 1,388 BTC and total hashrate under management slipped to 19.4 EH/s from 20.6 EH/s, with power capacity down to 324 MW.\n\nThe company disclosed a material risk that its proposed acquisition of an 80 MW Ethiopian mining facility may not close after the target's power supplier threatened to seize collateralized equipment over unpaid amounts.\n\nBitFuFu has paid US$4.1 million to the Sellers and deployed roughly 13,700 ANTMINER S19 units (~1.57 EH/s, $1.74M net book value) and is evaluating remedies including termination, arbitration, and machine recovery.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Steady September production overshadowed by material risk to Ethiopian facility deal and $4.1M-plus exposure."},"keyFigures":{"customDimensions":{"deployed_miners":13700,"self_mining_btc":98,"bitcoin_held_btc":1388,"cloud_mining_btc":69,"power_capacity_mw":324,"total_hashrate_ehs":19.4,"daily_production_btc":5.6,"bitcoin_production_btc":167,"ethiopia_cash_paid_usd":4100000,"deployed_miners_nbv_usd":1740000,"self_owned_hashrate_ehs":3.8,"fleet_efficiency_j_per_th":16.7,"deployed_miners_hashrate_ehs":1.57,"bitcoin_production_mom_change":"-4.0%"}},"quotedText":"the Company believes there is a material risk that the Target Company may be unable to satisfy the relevant Conditions Precedent","namedEntities":{"people":[{"name":"Leo Lu","role":"Chairman and CEO"}],"products":["ANTMINER S19"],"companies":[{"name":"BitFuFu Inc.","ticker":"FUFU","relationship":"filer"},{"name":"Finfront Holding Company","relationship":"wholly-owned subsidiary"},{"name":"BITMAIN","relationship":"supplier"}],"dollarAmounts":[{"amount":"US$4,100,000","context":"aggregate cash payments to Sellers under Ethiopian acquisition agreement"},{"amount":"US$1.74 million","context":"net book value of deployed mining machines"}]},"materialImpact":{"score":3,"reasoning":"Monthly production was roughly steady (167 BTC, -4% MoM) but the company disclosed a material risk that its Ethiopian facility acquisition may fail due to a supplier dispute, putting $4.1M of cash payments plus ~13,700 deployed miners at risk."},"tickerRelevance":{"others":[],"primary":"FUFU"},"globalImportance":35,"audienceRelevance":40,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"monthly ops update plus adverse M&A risk disclosure","sectorWeight":"crypto-mining retail following","retailFavoriteBoost":"moderate crypto-miner interest"}},"event_type":"operations_update","event_type_secondary":["m_and_a"],"sentiment":"mixed","material_impact_score":3,"narrative":"BitFuFu reported September 2026 Bitcoin production of 167 BTC, down 4% month-over-month, with self-mining output up to 98 BTC while cloud mining fell to 69 BTC.\n\nHoldings rose to 1,388 BTC and total hashrate under management slipped to 19.4 EH/s from 20.6 EH/s, with power capacity down to 324 MW.\n\nThe company disclosed a material risk that its proposed acquisition of an 80 MW Ethiopian mining facility may not close after the target's power supplier threatened to seize collateralized equipment over unpaid amounts.\n\nBitFuFu has paid US$4.1 million to the Sellers and deployed roughly 13,700 ANTMINER S19 units (~1.57 EH/s, $1.74M net book value) and is evaluating remedies including termination, arbitration, and machine recovery.","key_figures":{"customDimensions":{"deployed_miners":13700,"self_mining_btc":98,"bitcoin_held_btc":1388,"cloud_mining_btc":69,"power_capacity_mw":324,"total_hashrate_ehs":19.4,"daily_production_btc":5.6,"bitcoin_production_btc":167,"ethiopia_cash_paid_usd":4100000,"deployed_miners_nbv_usd":1740000,"self_owned_hashrate_ehs":3.8,"fleet_efficiency_j_per_th":16.7,"deployed_miners_hashrate_ehs":1.57,"bitcoin_production_mom_change":"-4.0%"}},"named_entities":{"people":[{"name":"Leo Lu","role":"Chairman and CEO"}],"products":["ANTMINER S19"],"companies":[{"name":"BitFuFu Inc.","ticker":"FUFU","relationship":"filer"},{"name":"Finfront Holding Company","relationship":"wholly-owned subsidiary"},{"name":"BITMAIN","relationship":"supplier"}],"dollarAmounts":[{"amount":"US$4,100,000","context":"aggregate cash payments to Sellers under Ethiopian acquisition agreement"},{"amount":"US$1.74 million","context":"net book value of deployed mining machines"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T21:00:13.898Z","global_importance":35,"audience_relevance":40,"importance_components":{"tickerTier":"small-cap","eventGravity":"monthly ops update plus adverse M&A risk disclosure","sectorWeight":"crypto-mining retail following","retailFavoriteBoost":"moderate crypto-miner interest"}},"durationMs":13433,"modelName":"glm-5.3-flashx"}}