12 Crypto Stocks with the Biggest Upside Potential

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7. BitFuFu Inc. (NASDAQ:FUFU)

Analyst Upside: 23.89%

BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It functions through an array of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services to individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure.

BitFuFu Inc. (NASDAQ:FUFU) has access to a fleet of advanced Bitcoin miners for efficient self-mining and cloud-mining services for its customers. This allows it to reduce risk exposure and seamlessly adjust business strategies. It received early investment from Bitmain, the world-leading cryptocurrency mining hardware manufacturer. BitFuFu Inc. (NASDAQ:FUFU) is Bitmain’s sole strategic partner in the cloud mining space to date. Therefore, the former allows digital asset enthusiasts and institutional customers to efficiently mine digital assets by leveraging this strategic partnership and an expanding global mining facility network.

The company recorded total revenue of $90.3 million in the quarter that ended on September 30, undergoing a 47.5% year-over-year increase. It is transitioning from an asset-light strategy to operating a robust and diverse portfolio of Bitcoin mining infrastructure. It entered into a definitive agreement to acquire a 51.25% stake in an 80-MW Bitcoin mining facility in Ethiopia. This agreement is expected to strengthen the company’s standing in the industry by expanding its footprint outside the US. BitFuFu Inc. (NASDAQ:FUFU) ranks seventh on our list of the crypto stocks with the biggest upside potential.

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