BitFuFu Reveals Unaudited Financial, Operating Reports for Q3

BitFuFu, a fast-growing digital asset mining service and the world's leading cloud-mining service provider, today reported its unadjusted financial and operating results for the quarter ended September 30, 2024. Mining costs averaged $59,452 per BTC, compared to $25,618. Q3 in 2023 in BTC. Self-mined bitcoins fell by 34.0% to 340 BTC from 515 BTC. BTC produced by customers through cloud mining solutions fell from 1,614 BTC to 957 BTC. Total revenue was $90.3 million, a 47.5 percent increase from $61.2 million in the same period in 2023.