BitFuFu reports loss as cloud mining revenue grows

BitFuFu experienced a significant financial downturn in 2025, reporting a net loss of $57.4 million compared to a profit in the previous year. This shift was driven by increased costs associated with bitcoin mining, including higher equipment impairment charges and a substantial rise in the average cost to mine a single bitcoin, which climbed to $77,573. Despite these challenges, the company saw its total revenue increase slightly to $475.8 million, largely due to a strategic pivot towards cloud mining services, which now constitute nearly three-quarters of its total revenue.