Total Quarter 1 revenue was $140 million, up 149%.
2024-05-20 10:08:09
Bitcoin mining company BitFuFu announced unaudited financial results for Quarter 1 ended March 31, 2024, with total revenue of $144.40 million, up 149% from $58 million in the same period in 2023; Cloud mining solutions revenue of $81.50 million, up 181% from $29 million in the same period in 2023; Bitcoin self-mining business revenue of $60.10 million, up 117% from $27.70 million in the same period in 2023; Self-mining BTC production decreased 11% from 1239BTC in the same period in 2023 to 1103BTC due to increased difficulty in BTC mining; its combined balance of cash, cash equivalents and digital assets was $163.70 million as of March 31, 2024.
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