Jones Trading Starts BitFuFu Inc. (FUFU) at Buy

Jones Trading analyst Kevin Dede initiates coverage on BitFuFu Inc. (NASDAQ: FUFU) with a Buy rating and a price target of $3.00.

The analyst comments: “Cloud mining service separates the majority of revenue from the vagaries of Bitcoin. Singapore-based BitFuFu offers advantages not otherwise seen across the realm of bitcoin-mining related companies, primarily in detachment from the whims of Bitcoin volatility. With total of 20.6Eh/s as of August 2026, up from 15.3Eh/s at June-end, in a unique cloud-mining service offered to both retail and institutional customers, BitFuFu represents the largest cloud mining service that we are aware of globally. On the Bitcoin appreciation opportunity, cloud mining business model, and potential of expanding addressable markets, we are initiating coverage with a Buy rating and setting a conservative $3 price target.”

For an analyst ratings summary and ratings history on BitFuFu Inc. click here. For more ratings news on BitFuFu Inc. click here.

Shares of BitFuFu Inc. closed at $1.45 yesterday.

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