BitFuFu’s Q3 Revenue Doubles to $180.7 Million as Cloud Mining Lifts Profit
Management credits a dual‑engine strategy alongside a stronger Bitcoin price environment.
Overview
- Cloud mining generated $122.9 million, roughly 68% of the quarter’s revenue, as registered users rose 40% to 641,526.
- Mining equipment sales reached about $35 million, surging from roughly $0.3 million a year earlier.
- The company posted $11.6 million in net income with Adjusted EBITDA of $22.1 million, marking a clear turnaround from last year’s loss.
- Cash and digital assets climbed 51.5% to $254.8 million, alongside a roughly 37% expansion in total mining capacity.
- BitFuFu mined 174 BTC in the quarter and ended with 1,962 BTC in holdings, while higher average Bitcoin prices offset pressure from rising network difficulty.