05:58 AM EDT, 04/11/2024 (MT Newswires) -- BitFuFu ( FUFU ) shares rose more than 10% in recent premarket activity on Thursday after the company reported higher income and revenue for 2023.

The company reported net income of $10.5 million for 2023, up from $2.4 million a year earlier.

Total revenue for the year ended Dec. 31 was $284.1 million, up from $198.2 million a year earlier.

Analysts' estimates were not readily available for comparison.

Meanwhile, the company said it mined 3,577 Bitcoins in 2023, up from 2,825 a year earlier. It also mined 6,756 Bitcoins on behalf of customers for its cloud-based services, up from 3,405 a year earlier.

Price: 4.80, Change: +0.45, Percent Change: +10.34