According to PANews, Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ending June 30, 2024. Total revenue was US$129.4 million, an increase of 69.7% over the same period in 2023.
Revenue from cloud mining solutions was $77 million, up 66.8% year-on-year, and revenue from Bitcoin self-mining business was $51.1 million, up 81% year-on-year.
Net income was $1.3 million, compared to $5.1 million in the same period of 2023. The combined balance of cash, cash equivalents and digital assets was $155 million as of June 30, 2024, compared to $76 million as of December 31, 2023.
