Bitcoin mining company BitFuFu reported a revenue of $129.4 million in the second quarter, a year-on-year increase of 69.7%.

ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue reached $129.4 million, a year-on-year increase of 69.7%.

Among them, revenue from cloud mining solutions was $77 million, a year-on-year increase of 66.8%; revenue from Bitcoin self-mining business was $51.1 million, a year-on-year increase of 81%. Net income was $1.3 million, compared to $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.