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BitFuFu Boosts Self-Mining Hashrate 47% as Revenue Drops 63%

BitFuFu logoBitFuFu
Sig3.30Sen-4.85Env0.00Soc0.00Gov0.00

BitFuFu’s Q2 revenue fell 62.9% year over year to $42.8 million, with a $20.5 million net loss replacing a $47.1 million profit, while average hashrate allocated to self-mining rose 47%. Self-mined production increased 34% to 192 Bitcoin, but cloud-mining revenue plunged 73.6% to $24.9 million and higher network difficulty and a 27.5% Bitcoin price drop drove the decline.

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