Wu said that he learned that Bitmain's affiliated cloud mining company BitFuFu announced its unaudited financial results for the second quarter of 2024, with a hosting capacity of 522 MW; the total managed mining computing power increased by 62.5% to 24.7 EH/s; the cost of mining BTC for the self-mining business averaged US$51,887 per BTC, compared with US$19,344 per BTC in the same period of 2023; total revenue in the second quarter was US$129.4 million, and revenue from Bitcoin self-mining business was US$51.1 million; the total balance of cash, cash equivalents and digital assets was US$155 million.