BitFuFu launches $5 million share repurchase program

BitFuFu Inc. (NASDAQ: FUFU), a Singapore-based Bitcoin miner and mining services company, announced that its board of directors approved a share repurchase program allowing the company to buy back up to $5 million worth of its Class A ordinary shares over a 24-month period beginning June 24, 2026.

Repurchases may be conducted through open market purchases, privately negotiated transactions, or other means, including trading plans intended to qualify under Rule 10b-18 of the Securities Exchange Act of 1934. The company said it plans to fund repurchases using existing cash and cash equivalents.

The timing and volume of repurchases will depend on market conditions, stock prices, trading volume, and regulatory requirements. The board will review the program periodically and may adjust its terms and size.

"The Board's authorization of this share repurchase program reflects our confidence in BitFuFu's fundamentals and growth prospects, as well as our commitment to disciplined capital allocation," said Leo Lu, Chairman and CEO of BitFuFu.

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