According to PANews, Bitcoin mining company BitFuFu has released its unaudited financial results for the second quarter ending June 30, 2024. The company reported a total revenue of $129.4 million, marking a 69.7% increase compared to the same period in 2023. Revenue from cloud mining solutions reached $77 million, reflecting a 66.8% year-over-year growth. Additionally, revenue from Bitcoin self-mining operations amounted to $51.1 million, an 81% increase from the previous year. Net income for the quarter stood at $1.3 million, down from $5.1 million in the same quarter of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, up from $76 million as of December 31, 2023.