BitFuFu Inc. (NASDAQ: FUFU) began Thursday trading a titch lower, as the company, a world-leading Bitcoin miner and mining services innovator, today announced its unaudited Bitcoin production and operational metrics for February 2026.
“Our February month-end hashrate declined from the end of January as we maintained a disciplined approach to incremental hashrate procurement to preserve flexibility and avoid committing to longer-term, low-margin contracts. While the near-term Bitcoin pricing environment has softened, our cloud-mining business continues to generate positive cash flow, allowing us to ride out the inherent cyclicality of Bitcoin. Flexibility across the market cycle is a key pillar of our strategy, and that flexibility is underpinned by our balance sheet strength,” said CEO Leo Lu.
“We remain in a net cash position with strong liquidity. As of February 28, 2026, we held 1,830 Bitcoin and approximately $40 million in cash and cash equivalents.
“We also reduced outstanding borrowings on our $100 million line of credit to $15 million from $40 million as of September 30, 2025, while our long-term accounts payable balance decreased to approximately $94 million as of December 31, 2025.”
• Bitcoin Held: 1,830 BTC, an increase of 34 BTC from January 31, 2026.
• Bitcoin Production: 227 BTC (including 190 BTC from cloud mining and 37 BTC from self-mining).
FUFU shares eased four cents, or 1.6%, to $2.68.
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