BitFuFu reports Q2 results (NASDAQ:FUFU)
- BitFuFu Press Release (NASDAQ: FOFO): Total revenues in the second quarter were $129.4 million, an increase of 69.7% compared to $76.3 million in the same period in 2023.
- Revenue from cloud mining solutions was $77.0 million, up 66.8% compared to $46.2 million in the same period. For the year 2023.
- Revenue from self-mining operations for Bitcoin amounted to $51.1 million, an increase of 81.0% compared to $28.2 million in the same period in 2023.
- Basic and diluted earnings per common share were $0.01, compared to $0.03 in the same period in 2023.
- Bitcoin (“BTC”) production from self-mining operations decreased by 23.1% to 780 BTC from 1,014 BTC in the same period in 2023.
- BTC production by customers from cloud mining solutions decreased by 29.2% to 1,272 BTC, compared to 1,797 BTC in the same period in 2023.
- The average cost of mining BTC from self-mining operations was $51,887 per BTC compared to $19,344 per BTC in the same period in 2023.
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