BitFuFu(US:FUFU) Globenewswire·2026-03-20 10:00Core Viewpoint - BitFuFu Inc. reported its unaudited financial results for the full year ended December 31, 2025, highlighting a total revenue increase of 2.7% year-over-year, driven by growth in Cloud Mining Solutions and Mining Equipment Sales, despite a decline in Self-Mining Operations revenue [2][12]. Financial Highlights - Total revenue for 2025 was $475.8 million, up from $463.3 million in 2024 [2][12]. - Revenue from Cloud Mining Solutions reached $350.6 million, a 29.4% increase from $271.0 million in 2024 [13]. - Self-Mining Operations revenue decreased to $63.1 million from $157.5 million in 2024, a decline of 60% [14]. - Mining Equipment Sales revenue increased to $53.7 million from $30.5 million in 2024 [15]. - Revenue from Other, including Hosting Services, grew to $8.4 million from $4.3 million in 2024 [16]. Operational Highlights - Total mining capacity increased by 11.1% to 26.1 EH/s as of December 31, 2025, compared to 23.5 EH/s in 2024 [9]. - Hosting capacity declined to 478 MW from 551 MW in 2024 [7]. - Cloud Mining Solutions registered users increased by 14.2% to 675,765 [9]. - Bitcoin holdings increased by 3.4% to 1,778 BTC as of December 31, 2025 [9]. Cost and Expenses - Cost of revenue in 2025 was $448.6 million, up 3.5% from $433.6 million in 2024 [17][18]. - The average cost to mine Bitcoin from Self-Mining Operations was $77,573 per BTC, compared to $47,496 per BTC in 2024 [19]. - Operating expenses decreased significantly to $15.4 million from $38.3 million in 2024, primarily due to lower share-based compensation [20]. Net Loss and Adjusted EBITDA - The company reported a net loss of $57.4 million in 2025, compared to a net profit of $54.0 million in 2024 [8][22]. - Adjusted EBITDA was $8.3 million in 2025, down from $117.9 million in 2024 [23]. Liquidity and Capital Resources - As of December 31, 2025, the company had cash and cash equivalents and digital assets totaling $177.1 million, slightly up from $175.1 million in 2024 [24].