BitFuFu (NASDAQ:FUFU) reported its second quarter 2025 earnings on August 15, 2025, reporting revenue of $115.4 million, up 47.9% quarter-over-quarter, net income was $47.1 million, and total managed mining capacity reached 36.2 exahashes per second. Cloud mining revenue comprised 81.7% of total revenue, and company cash, cash equivalents, and digital assets rose to $211.4 million as of June 30, 2025. The call featured meaningful updates on operational efficiency, strategic expansion, and the firm’s move toward vertical integration in power generation.

Cloud mining revenue reached $94.3 million, cloud mining revenue increased 75.6% compared to the first quarter and saw a 22.3% year-over-year increase, making it by far the dominant revenue stream at 81.7% of total revenue. As of July 31, 2025, the number of registered cloud mining users exceeded 629,000, marking substantial platform adoption and customer diversification beyond proprietary mining.

BitFuFu’s rapid growth in cloud mining capacity and user base, supported by multi-provider sourcing, underscores its recurring revenue potential.

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Source Fool.com