BitFuFu takes Bitcoin mining onchain with BTC-denominated HASH token

The hashrate is supplied as a service, so buyers do not own or run the hardware themselves.

The returns come from mining and newly produced coins. Interest paid by borrowers is not part of the returns, and this helps to distinguish HASH from lending-based yield products.

The token is deployed on Ethereum and Solana. Issuance, holdings, and profit distributions are recorded on-chain as well.

It has a 12-month term, and the returns are calculated against each investor’s actual holding period. It is only sold via designated channels to investors who meet eligibility and regulatory requirements.

A quarter BitFuFu would rather forget

BitFuFu is coming off one of the worst stretches in its history. Its second-quarter 2026 results, filed with the US Securities and Exchange Commission (SEC), show revenue of $42.8 million, down almost 63% from $115.4 million a year earlier. The company swung to a net loss of $20.5 million from net income of $47.1 million in the same period of 2025.

Bitcoin’s woes also contributed to the damage. A 27.5% year-over-year drop in Bitcoin’s price caused a $16.9 million fair-value loss on the books, and it also gutted demand for the cloud-mining contracts that make up most of BitFuFu’s sales.