BitFuFu’s 2025 outcomes confirmed a pointy shift in its enterprise combine, with cloud mining overtaking self-mining as the corporate’s principal income driver.
The Singapore-based Bitcoin ($BTC) miner reported $475.8 million in income for 2025, up 2.7% from a 12 months earlier.
Its self-mining output fell to 611 $BTC from 2,537 $BTC in 2024, a drop of 76%, whereas its Bitcoin holdings edged as much as 1,778 $BTC from 1,720 $BTC a 12 months earlier.
The corporate attributed the change to weaker Bitcoin earnings per terahash, increased mining issue and a lowered share of hashrate allotted to self-mining, because it leaned extra closely on cloud-mining merchandise.
BitFuFu mentioned it reallocated hashrate from self-mining to cloud mining following a 52% decline in every day Bitcoin earnings per terahash, pushed by increased mining issue and a 47% discount in hashrate allotted to self-mining. Rising Bitcoin costs partially offset the affect.
Supply: BitFuFu
The corporate mentioned it shifted hashrate away from self-mining to enhance capital effectivity and make income extra predictable.
Income from self-mining fell about 60% to $63.1 million in 2025 from $157.5 million a 12 months earlier.
Cloud mining overtakes self-mining
Cloud mining income accounted for round 74% of BitFuFu’s revenues in 2025, amounting to $350.6 million. In distinction, cloud mining accounted for 58.5% of income in 2024, when the phase generated $271 million.
The corporate reported 3,662 $BTC in mixed annual manufacturing throughout its self-mining operations and buyer cloud-mining exercise, together with 611 $BTC from self-mining and three,051 $BTC produced by cloud-mining prospects.
Supply: BitFuFu
BitFuFu mentioned it additionally elevated mining gear gross sales, which rose 76% 12 months over 12 months to $53.7 million.
BitFuFu outlines 2026 priorities
Though BitFuFu elevated its Bitcoin holdings by simply 58 $BTC final 12 months, the corporate mentioned it stays dedicated to increasing its $BTC treasury in 2026.
“Waiting for 2026, we’ll scale our cloud mining enterprise, develop hashrate and energy capability with self-discipline, and proceed constructing our Bitcoin treasury,” the corporate mentioned in a press release on X.
Supply: BitFuFu
BitFuFu CEO Leo Lu mentioned that the corporate will deal with buying mining infrastructure in 2026 and can preserve reviewing potential partnership alternatives as a part of its vertical integration technique.
Journal: The controversy over Bitcoin’s four-year cycle is over: Benjamin Cowen
