Bitcoin miner BitFuFu sold some of its Bitcoin holdings to help fund operations during a difficult second quarter that saw its revenue fall nearly 63%.
The company generated $42.8 million in revenue, which was below the $115.4 million it generated a year earlier. It also recorded a $20.5 million net loss, compared with a $47.1 million profit in the second quarter of 2025.
BitFuFu’s cloud-mining business takes a hit
Much of the decline that the company suffered came from cloud mining, which is a service that allows customers to rent mining capacity rather than operate their own machines.
The revenue fell 73.6% to $24.9 million as existing customers’ orders dropped, with customers using that service mining 255 BTC during the quarter, down from 917 BTC a year earlier.
