BitFuFu Surpasses $129 Million in Q2 Revenue, Up 69.7% Year-over-Year
Publication Time:2024-08-20 20:51:07
Bitcoin mining company BitFuFu recently released its unaudited financial results for the second quarter ending June 30, 2024. According to the report, the company's total revenue reached $129.4 million, an increase of 69.7% compared to the same period last year. Among this, revenue from cloud mining solutions reached $77 million, up 66.8% year-over-year; revenue from the self-mining bitcoin business was $51.1 million, a significant increase of 81%. Meanwhile, the company's net income rose from $5.1 million in 2023 to $1.3 million this year. As of June 30, 2024, BitFuFu's combined balance of cash, cash equivalents, and digital assets reached $155 million, showing a notable increase from $76 million at the end of 2023.
Bitcoin Mining
Q2 earnings report
BitFuFu
Cloud Mining Solutions
Self-Mining Bitcoin Business