BitFuFu Inc..
FUFU.US | Data processing, hosting and related activities
BitFuFu Inc. operates as a cloud-computing power provider for cryptocurrency mining. The company primarily offers services that enable users to participate in cryptocurrency mining without the need to purchase and maintain their own mining hardware. BitFuFu provides access to computing power for min...Show More
Better Health for All
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BitFuFu Inc.'s core business of providing cloud-computing power for cryptocurrency mining has no direct positive or negative health impact, and the company does not offer health-related products or services.
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The company's products do not carry health risks, nor do they have addiction potential.
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There is no evidence of the company engaging in health innovation, equity programs, workforce support, preventative measures, health data management, crisis response, mental health initiatives, or health education. The company's operations do not involve pharmaceutical patents, nutrition, or clinical trials.
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However, the company's operations generate health externalities through energy consumption and associated environmental impacts.
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BitFuFu is committed to sustainability and energy efficiency, utilizing hydropower and flared gas mining.
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One cloud mining platform reports 40% lower energy consumption and approximately 60% reduced carbon dioxide emissions compared to traditional mining methods.
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The company aims to own 1 GW of secured power from renewable sources by the end of 2026.
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Additionally, Bitcoin mining revenue in Ethiopia, where BitFuFu operates an 80 MW hydropower-powered facility, is being used to expand transmission lines, upgrade distribution networks, and advance the government’s plan to achieve universal electricity access by 2025, with 44% of the Ethiopian population expected to have access by that year.
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This contributes to positive health externalities by improving infrastructure and access to electricity.
Fair Money & Economic Opportunity
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No evidence available to assess BitFuFu Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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BitFuFu Inc. reports an employee satisfaction score of 4.5 out of 5, which translates to 90% engagement.
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This is higher than the industry average of 3.8 out of 5 (76%).
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The company also maintains a voluntary employee turnover rate of 5%, demonstrating exceptional workforce stability, significantly below the industry average of 13%.
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Fair Trade & Ethical Sourcing
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No evidence available to assess BitFuFu Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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BitFuFu Inc. adopted a Code of Business Conduct and Ethics, effective upon its Nasdaq listing in 2023.
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This code includes a formal whistleblower protection policy that encourages anonymous reporting to supervisors or the Compliance Officer and explicitly prohibits retaliation against whistleblowers.
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The code also addresses anti-corruption, specifically mentioning the Foreign Corrupt Practices Act (FCPA) and requiring prior written approval for facilitation payments.
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However, there is no evidence regarding the frequency or effectiveness of anti-corruption training, nor details on independent investigation processes for whistleblower reports.
Kind to Animals
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No evidence available to assess BitFuFu Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess BitFuFu Inc. on No War, No Weapons.
Planet-Friendly Business
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BitFuFu Inc. has acquired a majority stake in an 80-megawatt hydropower-powered Bitcoin mining facility in Ethiopia, which represents approximately 13% of the company's total post-acquisition hosting capacity of over 600 MW.
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The company also conducts flared-gas mining projects, converting gas that would traditionally be burned off into electricity for mining operations.
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No environmental compliance violations, fines, or regulatory actions were mentioned in the provided articles.
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Respect for Cultures & Communities
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No evidence available to assess BitFuFu Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The provided articles offer no specific, concrete evidence to assess BitFuFu Inc. against any of the 'Safe & Smart Tech' KPIs. While one article mentions the company's privacy policy outlines data subject rights as per GDPR and claims to ensure EU data protection levels through contractual agreements for international data transfer, it explicitly states a lack of quantitative data to assess regulatory compliance or the effectiveness of these measures.
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No information is available regarding data breaches, cybersecurity investment, privacy certifications, security training, encryption, AI ethics or audits, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing, data minimization, or digital rights advocacy.
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Zero Waste & Sustainable Products
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The company has no mentioned waste disposal violations, regulatory actions, fines, or compliance issues in the past three years.
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However, the provided articles do not contain specific, quantifiable data for any other KPIs related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability score, waste audit frequency, zero waste certification, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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