BitFuFu Revenue Plummets 62.9% Amid Decline in Cloud Mining Solutions

BitFuFu's revenue plummeted by 62.9% in Q2 2026, with total revenue falling to $42.8 million from $115.4 million a year earlier.

The significant decline was primarily driven by a 73.6% drop in Cloud Mining Solutions revenue to $24.9 million and nil mining equipment sales.

Self-mining revenue remained relatively stable at $14.0 million, while Hosting and Other revenue more than tripled to $3.9 million from $1.1 million year over year.

The company posted a net loss of $20.5 million versus net income of $47.1 million in 2025, and Adjusted EBITDA of negative $18.4 million versus positive $60.7 million.

Total hashrate under management decreased by 57.7% to 15.3 EH/s, and BTC holdings fell 6.8% to 1,671 BTC.