BitFuFu's total revenue in the first quarter exceeded US$140 million, a year-on-year increase of 149%

Bitcoin mining company BitFuFu announced its unaudited first quarter financial report as of March 31, 2024, with total revenue of US$144.4 million, up 149% from the same period in 2023 (US$58 million); cloud mining solution revenue was US$81.5 million, up 181% from the same period in 2023 (US$29 million). BitFuFu's first quarter Bitcoin self-mining business revenue was US$60.1 million, up 117% from the same period in 2023 (US$27.7 million). Due to the increase in BTC mining difficulty, the first quarter self-mining BTC output fell 11% from 1,239 BTC in the same period in 2023 to 1,103 BTC. As of March 31, 2024, its combined balance of cash, cash equivalents and digital assets was US$163.7 million. (Globenewswire)