BitFuFu (NASDAQ: FUFU) announced $115.4 million in revenue for Q2 2025, up 47.9% from Q1, while net income grew to $47.1 million from $1.3 million a year earlier, driven by a $39.6 million unrealized fair value in the company’s bitcoin holdings.
Revenue from BitFuFu’s cloud-mining reached $94.3 million, a 22.3% increase year-over-year on the back of record institutional participation and repeat customer purchases. BitFuFu’s self-mining operations generated $14.8 million, down 71.0% from the prior year due to the April 2024 Bitcoin halving and higher network difficulty. The company’s equipment sales jumped to $5.2 million from $0.1 million.
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At the end of Q2, BitFuFu’s total managed hashrate grew 46.6% year-over-year to a record 36.2 EH/s, while hosting capacity expanded to 728 MW. BitFuFu’s cloud-mining platform attracted 623,114 registered users, up 57.7% from 395,056 a year ago, and its Bitcoin holdings rose to 1,792 BTC.
“Our strong second-quarter performance more than offsets last year’s halving and higher network difficulty,” said Leo Lu, BitFuFu’s chairman and CEO. Lu added that BiFuFu’s hosting capacity further expanded to 752 MW and hashrate under management to 38.6 EH/s as of July 31.
At time of publication, FUFU is up 38% during pre-market hours.
