The post BitFuFu Reveals Its Unaudited Financial, Operational Reports For Q3 appeared first on Coinpedia Fintech News
BitFuFu, a fast-growing digital asset mining service and world-leading cloud-mining service provider, today reported its unaudited financial and operational results for the quarter ended September 30, 2024. The average cost of mining was $59,452 per BTC, compared to $25,618 per BTC in the 2023 Q3. The Bitcoin produced by self-mining fell 34.0% from 515 BTC to 340 BTC. The BTC produced by customers through cloud mining solutions fell from 1,614 BTC to 957 BTC. Total revenue was US$90.3 million, representing an increase of 47.5% from US$61.2 million in the same period of 2023.