BitFuFu Revenue Falls 62.9% as Q2 Bitcoin Mining Conditions Bite

BitFuFu’s second-quarter results show how quickly lower Bitcoin prices and weaker cloud-mining demand can reshape a miner’s income statement. The Nasdaq-listed company reported on August 17 that revenue fell 62.9% year over year to $42.8 million.

The decline was not confined to one line of business. Cloud Mining Solutions revenue fell sharply, mining-equipment sales dropped to zero, and the company recorded a $20.5 million net loss after posting $47.1 million in net income during the same quarter of 2025.

Cloud Mining Drives the Revenue Contraction

Cloud Mining Solutions generated $24.9 million in revenue, down 73.6% from $94.3 million a year earlier. BitFuFu attributed the change to lower selling prices, softer market sentiment, and reduced order volumes from existing customers.

Self-mining revenue was more resilient, declining to $14.0 million from $14.8 million. The company said a 47% increase in average hashrate allocated to self-mining partially offset a 27.5% drop in the average Bitcoin price and a 9.7% reduction in daily $BTC earnings per terahash caused by higher network difficulty.

BitFuFu’s average Bitcoin price for the quarter was $71,600, compared with $98,800 in the year-earlier period. Its digital-asset holdings also produced a $16.9 million fair-value loss, pushing adjusted EBITDA to negative $18.4 million.