BitFuFu reports 47.5% revenue rise to $90.3m

BitFuFu reported a 47.5% revenue increase in Q3 2024, reaching US$90.3 million compared to last year.

Growth in cloud-mining solutions played a key role, with a 51.4% rise in revenue amounting to US$68.9 million.

The number of registered users grew by 75.3%, totaling 455,764.

Revenue from bitcoin mining rose 40.4% to US$20.5 million, despite lower production, due to higher bitcoin prices.

The company also reported an 88.5% increase in its mining capacity.

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