BitFuFu (NASDAQ:FUFU) Shares Gap Up to $4.75

BitFuFu Inc. (NASDAQ:FUFU) gapped up prior to trading on Monday . The stock had previously closed at $4.75, but opened at $4.89. BitFuFu shares last traded at $4.40, with a volume of 85,623 shares trading hands.

BitFuFu Trading Down 9.5 %

The company has a fifty day moving average price of $4.31. The company has a quick ratio of 2.92, a current ratio of 2.93 and a debt-to-equity ratio of 0.88.

BitFuFu (NASDAQ:FUFU) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $144.41 million during the quarter.

Institutional Investors Weigh In On BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC acquired a new stake in BitFuFu Inc. (NASDAQ:FUFU) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned 0.38% of BitFuFu as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 37.26% of the company’s stock.

About BitFuFu

BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.