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Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over YearNasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The […]

Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?

Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in Ethiopia

Bitfufu Expands to Africa: Acquires 80MW Bitcoin Mining Facility in EthiopiaNasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant shift for the company as it transitions from an asset-light strategy to managing a diverse portfolio of Bitcoin mining infrastructure. With this acquisition, Bitfufu’s hosting […]

Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay  MillionBitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […]

Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?

Bitcoin mining expenses surge 168% amid capacity growth

BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.

BitFuFu, a cloud mining company affiliated with Bitmain, has released an unaudited financial and operational report on its Q2 2024 results, which ended on June 30.

The results reveal a significant surge in the cost of Bitcoin (BTC) mining amid the challenges and growth the firm has experienced over the last 12 months. 

Alongside this surge in cost, the report also noted increased mining capacity under management, increasing “62.5% to 24.7 EH/s, compared to 15.2 EH/s during the same period of 2023.”

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Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?

World-Leading Cloud-Mining Service Provider BitFuFu Launches ANTMINER Coupons Trading Function

World-Leading Cloud-Mining Service Provider BitFuFu  Launches ANTMINER Coupons Trading FunctionPRESS RELEASE. On 21st February, BitFuFu will announce the launch of the ANTMINER coupons trading function at the WDMS conference. ANTMINER coupons are issued by the world’s leading miner manufacturer BITMAIN, which can be used to offset the purchase order amount of ANTMINER produced which was sold by BITMAIN, thereby reducing the cost of miners […]

Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?

Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running Plan

Millions of Latest Antminers S19i Are Ready – BitFuFu Cloud Hashrate Platform Restarts Running PlanPRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock new mining plans. […]

Ethereum vs. Solana: Who Will Emerge as the Top Altcoin This Cycle?