In this paper, we give two new optimal parallel algorithms for MATRIX MULTIPLICATION which are designed to run on a Fibonacci hypercube structure. At first, we present a broadcast algorithm on Fibonacci hypercube with O (n) time complexity. We use this broadcast algorithm and algorithms presented by Gunnels, Lin, Morrow and Geijn on a mesh structure, in order to present two optimal parallel MATRIX MULTIPLICATION algorithms on a Fibonacci hypercube structure. We show these algorithms are cost-optimal. The performance of the algorithm has been tested on a simulative parallel system.