The company mined 174 BTC, increasing its holdings by 19% to 1,962 coins, thereby strengthening its balance sheet.
Singapore-based cloud Bitcoin miner BitFuFu reported a 100% jump in third-quarter revenue, reaching $180.7 million, according to its latest earnings report released on Wednesday. The surge was largely driven by the growing demand for cloud-mining services and mining equipment, as investors rushed to capitalize on Bitcoin’s price rally.
Revenue from cloud mining alone hit $122 million, underscoring the sector’s expanding appeal among both retail and institutional users. The company also noted an uptick in its mining capacity and hardware sales, strengthening its overall performance.
The number of BitFuFu’s cloud-mining users grew over 40% year-on-year, hitting 641,526. Equipment sales jumped dramatically, generating $35 million, compared to just $0.3 million in the same quarter last year.
Bitcoin’s average price during Q3 2025 stood at $114,500, nearly double the $61,000 average from the previous year — a key factor that boosted both mining profitability and user participation.
“The growth reflects strong demand for mining machines, supported by the sustained upward trend in Bitcoin prices,”
BitFuFu stated.
Meanwhile, data from Ycharts shows the Bitcoin network hashrate has climbed to 1.19 billion, up from 687.19 million a year earlier, signaling increasing mining activity across the board.
While many miners have begun diversifying into AI and high-performance computing services following the April 2024 halving, BitFuFu continues to rely on its hybrid strategy — combining cloud-mining revenue with direct Bitcoin mining.
“Our strong third-quarter results demonstrate the benefits of our differentiated dual-engine model,”
said CEO Leo Lu, highlighting how the company’s approach balances market volatility while ensuring consistent growth.
BitFuFu reported its most productive month of 2025, mining a total of 445 Bitcoin in June – an 11.3% increase from May. BitFuFu currently holds 1,792 Bitcoin, valued at over $193 million.
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