← Bitfufu Inc.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income received or to be received by digital assets ($3.4m) ($101.0m) ($183.1m) ($195.7m) ($174.4m)
Net Income — $2.4m $10.5m $54.0m ($31.3m)
Net Income From Continuing Operations — $2.4m $10.5m $54.0m ($31.1m)
Depreciation of property and equipment — — $24.5m $24.7m $28.0m
Amortization of right of use asset — — — — $71k
Depreciation — $18.2m $24.5m $24.7m $28.0m
Depreciation Amortization Depletion — $18.2m $24.5m $24.7m $28.0m
Deferred income tax — ($4.5m) $4.2m $6.8m $934k
Deferred Tax — ($4.5m) $4.2m $6.8m $934k
Impairment loss on digital assets — $12.9m $7.0m — —
Impairment loss on mining equipment — $11.8m — $8.1m $25.4m
Share-based compensation expense — — — $26.1m $588k
Asset Impairment Charge — $34.6m $7.0m $8.1m $25.4m
Loss on disposal of mining equipment — — — — $3.4m
Earnings from equity method investments — — — — ($177k)
Operating lease liabilities — — — — ($60k)
Earnings (Loss)es From Equity Investments — — $0 $0 ($177k)
Net (loss)/income — — $10.5m $54.0m ($31.1m)
Credit loss provision for receivables — $608k $100k — $981k
Gain on sale of recovery rights on assets held by FTX — — — ($7.3m) —
Changes in fair value of digital asset receivables or payables — — — $1.3m ($1.2m)
Changes in fair value of digital assets — — ($18.2m) ($76.9m) $8.7m
Prepayments $2.5m ($481k) ($654k) ($4.6m) ($4.3m)
Inventory — — — ($142k) $102k
Amount due from / (due to) related parties — $132.8m ($36.9m) ($63.3m) $33.1m
Deposit receivables $75.3m ($75.3m) ($2.7m) $2.7m —
Other current assets ($148k) ($2.4m) ($1.5m) $3.4m $1.8m
Accounts payable — $25k $775k $1.4m ($297k)
Taxes payable $1.0m $4.1m ($2.9m) ($3k) ($437k)
Accrued expenses and other payables $400k $613k $3.0m ($394k) ($4.0m)
Proceeds from disposal of equipment — — — — $673k
Proceeds from sales of digital assets $13.1m $71.4m $222.4m $184.8m $127.1m
Purchase of digital assets ($15.7m) ($10.8m) ($45.4m) ($16.8m) ($19.0m)
Acquisition of a subsidiary, net of cash acquired — — — — ($9.4m)
Purchase of financial assets held for trading — — — — ($521k)
Purchases of equipment ($54k) ($3.9m) ($67k) ($37k) ($9.1m)
Proceeds from the issuance of ordinary shares — $1.6m — $75.2m $5.7m
Payment of issuance costs — — ($2.4m) ($10.1m) —
Repayment of long-term payables — — ($7.0m) — —
Net digital assets provided by operating activities $444k $86.1m $212.9m $258.4m $145.1m
Net digital assets used in investing activities $2.2m ($82.0m) ($177.0m) ($213.8m) ($98.8m)
Issuance of ordinary shares for acquisition of a subsidiary — — — — ($1.4m)
Issuance of ordinary shares for purchase of equipment $54k $109.4m $67k $37k ($5.1m)
Repayment of long-term payables in digital assets — — — — ($6.9m)
(Repayment of) /Proceeds from long-term loans in digital assets — — — $35.0m ($20.0m)
Beginning Cash Position — $13.3m $60.4m $32.0m $45.1m
Cash Flow From Continuing Financing Activities — ($2.1m) ($9.4m) $65.0m $5.7m
Cash Flow From Continuing Investing Activities — $56.7m $176.9m $167.9m $89.8m
Change In Account Payable — $25k $775k $1.4m ($297k)
Change In Accrued Expense — $613k $3.0m ($394k) ($4.0m)
Change In Income Tax Payable — $4.1m ($2.9m) ($3k) ($437k)
Change In Inventory — $0 $0 ($142k) $102k
Change In Other Current Assets — ($2.4m) ($1.5m) $3.4m $1.8m
Change In Other Current Liabilities — — $0 $0 ($60k)
Change In Other Working Capital — ($83.3m) ($36.9m) ($63.3m) $33.1m
Change In Payable — $4.1m ($2.1m) $1.4m ($734k)
Change In Payables And Accrued Expense — $4.7m $924k $969k ($4.7m)
Change In Prepaid Assets — ($481k) ($654k) ($4.6m) ($4.3m)
Change In Receivables — $132.8m ($2.7m) $2.7m $0
Change In Tax Payable — $4.1m ($2.9m) ($3k) ($437k)
Change In Working Capital — $51.3m ($40.9m) ($60.9m) $26.0m
Changes In Cash — $47.1m ($28.4m) $13.1m ($17.4m)
End Cash Position — $60.4m $32.0m $45.1m $27.8m
Financing Cash Flow — ($2.1m) ($9.4m) $65.0m $5.7m
Free Cash Flow — ($22.1m) ($241.5m) ($236.7m) ($141.0m)
Gain Loss On Sale Of Business $64k $0 $0 — —
Gain Loss On Sale Of PPE — ($9.2m) $0 ($7.3m) $3.4m
Investing Cash Flow — $56.7m $176.9m $167.9m $89.8m
Issuance Of Capital Stock — $1.6m $0 $75.2m $5.7m
Net Business Purchase And Sale — — $0 $0 ($9.4m)
Net Intangibles Purchase And Sale — $60.5m $177.0m $168.0m $108.1m
Net PPE Purchase And Sale — ($3.9m) ($68k) ($37k) ($8.4m)
Operating Gains Losses — ($9.2m) ($18.2m) ($7.3m) $3.2m
Other Non Cash Items — ($101.0m) ($201.3m) ($272.6m) ($165.7m)
Provisionand Write Offof Assets — $608k $100k $0 $981k
Purchase Of Business — — $0 $0 ($9.4m)
Purchase Of Intangibles — ($10.8m) ($45.4m) ($16.8m) ($19.0m)
Purchase Of PPE — ($3.9m) ($68k) ($37k) ($9.1m)
Repurchase Of Capital Stock $0 ($2.0m) $0 $0 —
Sale Of Intangibles — $71.4m $222.4m $184.8m $127.1m
Sale Of PPE — — $0 $0 $673k
Stock Based Compensation — $0 $0 $26.1m $588k
Unrealized Gain Loss On Investment Securities — $0 $0 $1.3m ($1.2m)
Net cash used in operating activities $15.9m ($7.4m) ($196.0m) ($219.9m) ($112.9m)
Net Investment Purchase And Sale — ($2.0m) $0 $0 ($521k)
Purchase Of Investment — ($2.0m) $0 $0 ($521k)
Net Other Investing Changes ($2.6m) $60.5m — — —
Net cash provided by investing activities ($2.6m) $56.7m $176.9m $167.9m $89.8m
Common Stock Issuance — $1.6m $0 $75.2m $5.7m
Net Common Stock Issuance — ($437k) $0 $75.2m $5.7m
Common Stock Payments $0 ($2.0m) $0 $0 —
Cash Dividends Paid $0 $0 — — —
Net Other Financing Charges — ($1.7m) ($9.4m) ($10.1m) —
Net cash provided by /(used in) financing activities — ($2.1m) ($9.4m) $65.0m $5.7m
Net change in cash and cash equivalents $13.3m $47.1m ($28.4m) $13.1m ($17.4m)
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period $13.3m $60.4m $32.0m $45.1m $27.8m
Change In Cash Supplemental As Reported — $47.1m ($28.4m) $13.1m ($17.4m)
Cash paid for interest $0 $1.6m $3.7m $1.2m $6.6m
Cash paid for income tax — $784k $0 $1.3m $930k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.