Earnings ·
BitFuFu Inc. reported unaudited financial results for the second quarter ended June 30, 2026
FUFUBitfufu Inc.
BitFuFu Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenue declined 62.9% year-over-year to $42.8 million from $115.4 million in Q2 2025, driven by a 27.5% drop in Bitcoin prices and reduced cloud mining demand. The company reported a net loss of $20.5 million compared to a net income of $47.1 million in the prior year period. Adjusted EBITDA was negative $18.4 million, significantly impacted by a $16.9 million fair value loss on digital assets. Cash and digital asset balances totaled $119.5 million as of June 30, 2026. Total hashrate decreased to 15.3 EH/s from 36.2 EH/s in the prior year quarter. BitFuFu Inc. operates in the cryptocurrency mining industry, providing Bitcoin mining services and infrastructure.