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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.

Cryptonews.net

Publisher

Oct 13, 2026 at 11:12 PM UTC · 2 phút đọc

BitFuFu takes Bitcoin mining onchain with BTC-denominated HASH token
Image via Cryptonews.net

Key Signal

$42.8M Second-quarter revenue

Entities

bitcoin

Market Impact

BTC-0.76%$80,947

Last Updated

4 ngày trước

Đang dịch…

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.

Market Context

Bitcoin

BTC

$80,962

-0.74% (24H)

Market Cap

$1.63T

Circulating Supply

20.1M BTC

24H Volume

$13.8B

24H High

$81,715

View Bitcoin Market Page

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