Svmuureported that Nasdaq-listed Bitcoin mining company BitFuFu has released its unaudited financial results for the first quarter ended March 31, 2026.
The financial report shows that the company achieved total quarterly revenue of $72.66 million. Cloud computing power service revenue contributed $57.5 million, accounting for approximately 79.1% of total revenue, continuing as the core revenue source. Proprietary mining revenue was $11.4 million, representing 15.7% of the total, while hosting and other business revenues also saw year-on-year growth.
On the operational front, the company's managed total hashrate increased to 25.9 EH/s, a year-on-year growth of 25.7%, and its power capacity reached 457MW. During the first quarter, the company continued to optimize its mining fleet structure by disposing of older mining machines and advancing the deployment of a new generation of high-efficiency equipment, further improving overall operational efficiency and cost competitiveness. Financially, the company reported an adjusted EBITDA of negative $34.4 million, primarily impacted by a $35.6 million fair value loss resulting from the decline in Bitcoin price. As of the end of the quarter, the company held a total of $141.5 million in cash, cash equivalents, and digital assets, including 1,794 Bitcoins.