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Bitcoin mining company BitFuFu reported a 47.5% increase in revenue for the third quarter of 2024, reaching $90.30 million compared to last year. Growth in cloud mining solutions played a key role, with revenue rising 51.4% to $68.90 million. The number of registered users increased by 75.3% to a total of 455,764. Despite the drop in production, bitcoin mining revenue rose 40.4% to $20.50 million due to higher bitcoin prices. The company also reported an 88.5% increase in its mining capacity.
Bitcoin mining company BitFuFu has announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue was $129.40 million, up 69.7% from the same period in 2023. Cloud mining solutions revenue was $77 million, up 66.8% from the same period in 2023. Bitcoin self-mining business revenue was $51.10 million, up 81% from the same period in 2023. Net income was $1.30 million, compared to $5.10 million for the same period in 2023. As of June 30, 2024, the combined balan...
