GlobeNewswire·Aug 17, 2026, 7:00 AM ET

BitFuFu Reports Unaudited Second Quarter 2026 Financial Results

BitFuFu Inc. reported Q2 2026 total revenue of $42.8 million, a 62.9% decrease from $115.4 million in the same period of 2025.
Cloud Mining Solutions revenue fell 73.6% to $24.9 million, while Self-Mining Operations revenue decreased slightly to $14.0 million.
The Company recorded a net loss of $20.5 million compared to a net income of $47.1 million in Q2 2025.
Adjusted EBITDA was negative $18.4 million, significantly impacted by a $16.9 million fair value loss on digital assets due to the decline in Bitcoin prices.
Total hashrate under management dropped 57.7% to 15.3 EH/s as of June 30, 2026, down from 36.2 EH/s in the prior year period.
Power capacity decreased to 273 MW from 728 MW in the same quarter of 2025.
Bitcoin holdings decreased by 6.8% to 1,671 BTC, reflecting treasury management strategies to fund operations & hashrate procurement.
Combined cash, cash equivalents, & digital assets stood at $119.5 million as of June 30, 2026, down from $177.1 million at the end of 2025.
CEO Leo Lu stated the hashrate reduction was a deliberate optimization to improve unit economics & quality, with total managed hashrate restored to approximately 20 EH/s by mid-August.
Hosting Revenue & Others increased to $3.9 million, driven by the "Buy and Host" one-stop solution.
Sales & marketing expenses rose to $1.2 million due to increased share-based compensation of $0.9 million.
The average Bitcoin price in Q2 2026 was $71,600, a 27.5% decline from $98,800 in Q2 2025.