BitFuFu Swings to 2025 Loss as Surging Mining Costs Offset Cloud-Mining Growth
Nasdaq-listed Bitcoin miner BitFuFu operates both self-mining and cloud-mining businesses. As the Bitcoin network’s hash rate and mining difficulty increased, the company reduced the amount of Bitcoin it mined for itself in 2025 and expanded cloud mining to lower the risks of asset-heavy operations while sustaining revenue growth.
BitFuFu reported that 2025 cloud-mining revenue rose nearly 30% year over year, helping lift full-year revenue to $475.8 million. However, the cost of mining one Bitcoin climbed to $77,573, eroding self-mining profits. Together with digital-asset impairment charges, this pushed the company from a profit to a full-year net loss of $57.4 million.
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The history behind this eventBitFuFu Posts $35 Million Q1 2026 Loss as Bitcoin Falls, Managed Hashrate Rises to 25.9 EH/s
BitFuFu is a Bitcoin mining company focused on cloud mining and self-mining, with profitability affected by Bitcoin prices, mining difficulty and hashrate capacity. Bitcoin’s decline in the first quarter of 2026 resulted in a fair-value loss on the company’s holdings, underscoring miners’ acute financial sensitivity to market volatility.
BitFuFu reported a $35.6 million fair-value loss for the first quarter of 2026, driving a quarterly net loss of $35 million. Its total managed hashrate nevertheless rose 25.7% from the previous period to 25.9 EH/s. Cloud mining generated nearly 80% of revenue, making it the company’s main source of operating support.
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