BitFuFu Q2 Revenue Plummets 62.9% Amid Cryptocurrency Market Slump

Nasdaq-listed BitFuFu reported a significant decline in revenue for Q2 2026, falling 62.9% year-over-year to $42.8 million.

The sharp drop was driven by a 73.6% collapse in Cloud Mining Solutions revenue to $24.9 million and resulted in a net loss of $20.5 million versus $47.1 million in net income the previous year.

The company's managed hashrate plunged 57.7% to 15.3 EH/s, while power capacity fell to 273 MW; however, it recovered to approximately 20 EH/s by mid-August.