Bitcoin mining company BitFuFu's total revenue in the second quarter exceeded US$129 million, an increase of 69.7%

Bitcoin mining company BitFuFu announced its unaudited financial performance for the second quarter ending June 30, 2024. Total revenue was $129.4 million, an increase of 69.7% compared to the same period in 2023. Revenue from cloud mining solutions was $77 million, a year-on-year increase of 66.8%. Revenue from Bitcoin self-mining business was $51.1 million, an increase of 81% compared to the same period last year. Net income was $1.3 million, compared to $5.1 million in the same period in 2023. As of June 30, 2024, the comprehensive balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.