BitFuFu's revenue in Q3 doubled as the price of Bitcoin surged, driving up mining demand.

2025-11-13 05:14:18

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BitFuFu, a Bitcoin mining company on the cloud platform in Singapore, has doubled its Q3 revenue compared to the same period last year, reaching 180.7 million USD, thanks to strong demand for cloud mining and equipment. Of this, cloud mining contributed 122 million USD, while equipment sales revenue reached 35 million USD, compared to 0.3 million USD in the same period last year.

The number of cloud mining service users increased by over 40% to 641,526, while the network hashrate also rose to 1.19 billion. The average Bitcoin price in Q3 reached 114,500 USD, compared to 61,000 USD the previous year, driving demand for mining machines.

BitFuFu operates direct mining farms, sells machines, provides hosting, and leases hash rate. CEO Leo Lu emphasized the “dual-engine” model that combines cloud mining and self-mining to help the company maintain revenue and manage volatility. In Q3, the company mined 174 Bitcoin, raising total holdings to 1,962.

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