Bitcoin mining company BitFuFu announced unaudited financial results for the first quarter ended March 31, 2024, with total revenue of $144.4 million, up 149% from $58 million in the same period of 2023;

Cloud mining solution revenue was $81.5 million, up 181% from $29 million in the same period of 2023;

Bitcoin self-mining business revenue was $60.1 million, up 117% from $27.7 million in the same period of 2023;

Due to the increase in BTC mining difficulty, self-mining BTC production fell 11% to 1,103 BTC from 1,239 BTC in the same period of 2023;

As of March 31, 2024, its combined balance of cash, cash equivalents and digital assets was $163.7 million.