SINGAPORE, April 11, 2024 — BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced its financial results for the full year ended December 31, 2023. Full Year 2023 Operational Highlights Hosting capacity of 515 MW diversified across 24 sites on three continents as of December 31, 2023, compared with 336 MW across 19 sites on one continent as of December 31, 2022Total mining capacity increased 106.3% to a record 22.9 EH/s as of December 31, 2023, compared to 11.1 EH/S as of December 31, 2022Cloud-mining registered users increased 61.5% to 304,270 as of December 31, 2023 compared to 188,460 as of December 31, 2022Bitcoin (“BTC”) production from self-mining operations increased 26.6% to 3,577 BTCs in 2023, from 2,825 BTCs in 2022BTC production by customers from cloud-mining solutions increased 98.4% to 6,756 BTCs in 2023, from 3,405 BTCs in 2022Cost to mine BTC from self-mining operations in 2023 averaged US$28,200 per BTC versus US$21,500 per BTC in 2022 Operational Highlights MetricAs of December 31,20232022Hosting capacity (MW)515336Total mining capacity (EH/s) (1)22.911.1Cloud-mining registered Users 304,270188,460 For the Year ended December 3120232022BTC Produced   From BitFuFu self-mining operations3,5772,825By customers from cloud-mining solutions(2)6,7563,405Average BTC produced per day by customers and BitFuFu28.317.1 (1)Defined as the hash rate that could theoretically be generated if all miners that have been energized are currently in operation including miners that may be temporarily offline. Hash rates are estimates based on the manufacturers’ specifications.