BitFuFu (FUFU) has shared its operational update for September 2026, highlighting steady Bitcoin mining output despite minor declines in some areas. The company reported a daily Bitcoin production of 5.6 BTC, resulting in a total of 167 BTC for the month. This marks a slight decrease from August, though self-mining increased to 98 BTC, and the company's total Bitcoin holdings grew to 1,388 BTC.
BitFuFu's total hashrate under management dipped to 19.4 EH/s, and power capacity reduced to 324 MW. However, fleet efficiency remained stable, indicating consistent operations despite the minor volume declines.
The company also addressed potential risks related to its proposed acquisition of an 80 MW Bitcoin mining facility in Ethiopia. The deal, originally agreed upon in October 2024, remains subject to unmet closing conditions. A contractual dispute between the target company and its power supplier has raised concerns, with BitFuFu considering options such as terminating the deal, pursuing arbitration, and recovering paid funds and deployed machines. The company emphasized that the exposure is small and expects limited impact on overall production.
The most recent analyst rating on FUFU stock is a Buy with a $3.00 price target. However, Spark's AI Analyst has rated FUFU as Neutral, citing weak financial quality due to large cash burn, a projected swing to losses in 2025, and rising leverage. Technical indicators are also bearish, with the price below key moving averages and a negative MACD.