BitFuFu Inc. (NASDAQ:FUFU) is one of the 8 Best Crypto Penny Stocks to Buy Now.
On June 22, 2026, BitFuFu Inc. (NASDAQ:FUFU) announced that its Board of Directors approved a share repurchase program. Under the program, BitFuFu may repurchase up to $5M worth of its Class A ordinary shares, par value $0.0001 per share, during a 24-month period starting from June 24.
On June 9, BitFuFu announced unaudited Bitcoin production and operational metrics for May. The company produced 177 BTC, up 22.1% month-over-month. Chairman and CEO Leo Lu said the "more significant story" was the shift in production mix, as self-mining output rose to 90 BTC in May from 32 BTC in April and accounted for more than half of total production.
Pixabay / Public domain
Lu said BitFuFu viewed the current Bitcoin price environment as an attractive long-term accumulation opportunity and shifted resources toward self-mining to build Bitcoin holdings. BitFuFu's Bitcoin holdings grew to 1,855 BTC, while Lu pointed to the company's ability to dynamically reallocate hashrate between self-mining and cloud mining as a "key competitive advantage."
On June 22, 2026, BitFuFu Inc. (NASDAQ:FUFU) announced that its Board of Directors approved a share repurchase program. Under the program, BitFuFu may repurchase up to $5M worth of its Class A ordinary shares, par value $0.0001 per share, during a 24-month period starting from June 24.
On June 9, BitFuFu announced unaudited Bitcoin production and operational metrics for May. The company produced 177 BTC, up 22.1% month-over-month. Chairman and CEO Leo Lu said the "more significant story" was the shift in production mix, as self-mining output rose to 90 BTC in May from 32 BTC in April and accounted for more than half of total production.
Pixabay / Public domain
Lu said BitFuFu viewed the current Bitcoin price environment as an attractive long-term accumulation opportunity and shifted resources toward self-mining to build Bitcoin holdings. BitFuFu's Bitcoin holdings grew to 1,855 BTC, while Lu pointed to the company's ability to dynamically reallocate hashrate between self-mining and cloud mining as a "key competitive advantage."
4 months ago
