BitFuFu announced a share repurchase plan of up to $5 million to repurchase its Class A common stock over a two-year period beginning June 24, 2026.

Svmuu News Nasdaq Listed Bitcoin Mining company BitFuFu (NASDAQ: FUFU) announced that its board of directors has approved a share repurchase plan of up to $5 million.Under the plan, the company may repurchase its Class A common stock for a period of two years beginning June 24, 2026. Leo Lu, Chairman and CEO of BitFuFu, stated that this buyback plan reflects the company’s firm confidence in long-term shareholder value, prudent capital allocation, and long-term strategic development.Going forward, the company will continue to advance its global infrastructure deployment and computing power expansion strategy, steadily increasing its computing capacity. According to the announcement, the buyback may be conducted through open market transactions, private agreements, and block trades, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934.The specific timing and scale of the buyback will be flexibly adjusted based on factors such as market conditions, stock price performance, trading volume, and the company’s capital needs, with funding sourced from the company’s existing cash reserves.