BitFuFu Q2 Financial Report: Total Revenue of $42.76 Million, Net Loss of $20.54 Million

BitFuFu released its financial report for the second quarter of 2026, showing total revenue of $42.76 million, a year-on-year decrease of 62.9%. The decline was attributed to a 27.5% year-on-year drop in Bitcoin prices, weakened demand for cloud mining, and the company's optimization of computing power deployment. The net loss was $20.54 million, compared to a net profit of $47.14 million in the same period last year. Adjusted EBITDA was negative $18.40 million, which included a fair value loss of $16.90 million on Bitcoin. As of June 30, cash and digital assets totaled $119.5 million. By business segment, cloud mining revenue was $24.90 million, down 73.6% year-on-year; self-mining revenue was $14.00 million, roughly flat year-on-year, with self-mining output increasing by 34% to 192 BTC; hosting and other revenues were $3.90 million, up approximately 255% year-on-year; and revenue from mining machine sales was zero. In terms of operations, total managed computing power decreased to 15.3 EH/s as of June 30, down 57.7% year-on-year; power capacity was 273 MW, down 62.5% year-on-year; and BTC holdings were 1,671, a decrease of 6.8% year-on-year. CEO Leo Lu stated that the company restored total managed computing power to approximately 20 EH/s by mid-August, laying the foundation for the second half of the year.

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