BitFuFu’s third quarter revenue grows 47.5% to $90.3 million

BitFuFu, a Bitcoin mining company, reported a 47.5% increase in revenue in the third quarter of 2024, reaching $90.3 million compared to last year. The growth of cloud mining solutions played a key role, with revenue increasing by 51.4% to $68.9 million. The number of registered users increased by 75.3% to a total of 455,764 people. Despite a decrease in production, Bitcoin mining revenue increased by 40.4% to $20.5 million due to the rise in Bitcoin prices. The company also reported an 88.5% increase in mining capacity.