BitFuFu Releases 2026 Q1 Financial Report: Revenue Reaches $72.66 Million, Holds 1,794 Bitcoins at Quarter-End
Odaily reported that the Nasdaq-listed Bitcoin mining company BitFuFu has released its unaudited financial report for the first quarter ending March 31, 2026.
The report shows that the company’s total quarterly revenue reached 72.66 million US dollars, of which the cloud mining business contributed 57.5 million US dollars, accounting for approximately 79.1% of total revenue and remaining the core source of income. Revenue from proprietary mining operations was 11.4 million US dollars, accounting for 15.7%, and revenue from hosting and other businesses also saw year-on-year growth.
On operations, the company’s total managed hashrate increased to 25.9 EH/s, up 25.7% year-on-year; power capacity reached 457 MW. During the first quarter, the company continued to optimize its mining machine fleet structure by disposing of old machines and advancing the deployment of new-generation high-efficiency equipment, further improving overall operational efficiency and cost competitiveness. Financially, the company reported an adjusted EBITDA of negative 34.4 million US dollars, mainly due to a 35.6 million US dollar fair value loss caused by a decline in Bitcoin price. As of the end of the quarter, the company held a total of 141.5 million US dollars in cash, cash equivalents, and digital assets, including 1,794 Bitcoins.
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