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FUFU (BitFuFu) Long-Term Capital Lease Obligation : $0.0 Mil (As of Dec. 2024)


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What is BitFuFu Long-Term Capital Lease Obligation?

BitFuFu's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.0 Mil.


BitFuFu Long-Term Capital Lease Obligation Historical Data

The historical data trend for BitFuFu's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BitFuFu Long-Term Capital Lease Obligation Chart

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BitFuFu Quarterly Data
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BitFuFu  (NAS:FUFU) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

BitFuFu Long-Term Capital Lease Obligation Related Terms

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BitFuFu Business Description

Industry
Traded in Other Exchanges
N/A
Address
No 13, 9 Temasek Boulevard, Suntec Tower 2, Singapore, SGP, 179098
BitFuFu Inc is a digital asset mining and cloud-mining service provider that fosters a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital assets. The company generates the majority of its revenue from the sale of cloud-mining solutions, followed by Self-mining revenue. Geographically, the company generates revenue from North America, Asia, Europe, and Others.