BitFuFu Releases Q2 2026 Financial Results: Revenue Reaches $42.76 Million, Self-Mining Revenue Up 22.8% Quarter-over-Quarter

Odaily News - Nasdaq-listed Bitcoin mining company BitFuFu has released its unaudited financial results for the second quarter ending June 30, 2026. The report shows that the company's total quarterly revenue reached $42.76 million, with cloud hash rate business revenue at $24.9 million, accounting for 58.2% of total revenue; self-mining business revenue was $14 million, up 22.8% quarter-over-quarter from $11.4 million in the first quarter; hosting and other business revenue stood at $3.9 million, up 254% year-over-year from 2025. On the operational front, as of the end of the quarter, the company managed total hash rate of 15.3 EH/s, with proprietary hash rate growing 9.4% to 3.5 EH/s; power capacity stood at 273MW.

During the second quarter, the company continued to adjust its hash rate allocation around its self-mining operations while maintaining an average miner efficiency of 17.8–18.1 J/TH, and procured and deployed approximately 3,200 next-generation S21 XP miners. Meanwhile, in June and July, the company further secured additional hash rate, which is expected to come online progressively in August, driving total managed hash rate back to approximately 20 EH/s by mid-August. On the financial side, the company's adjusted EBITDA was negative $18.4 million, a significant improvement from the negative $34.4 million in the first quarter, with losses narrowing by approximately 46.5% quarter-over-quarter. As of the end of the quarter, the company held total cash, cash equivalents, and digital assets of $119.5 million, including 1,671 Bitcoin.