Bitcoin mining company BitFuFu's second-quarter revenue reached $129.4 million, a year-on-year increase of 69.7%

According to TechFlow, on August 20, GlobeNewsWire reported that Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ending June 30, 2024. Total revenue reached $129.4 million, a year-on-year increase of 69.7%. Among them, cloud mining solution revenue was $77 million, a year-on-year increase of 66.8%; Bitcoin self-mining business revenue was $51.1 million, a year-on-year increase of 81%. Net income was $1.3 million, compared with $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents and digital assets was $155 million, compared with $76 million as of December 31, 2023.