TechFlow News, May 30: Bitcoin mining company and cloud mining service provider BitFuFu released its unaudited financial results for the first quarter of 2026.
The financial report shows that the company’s total revenue for the quarter amounted to $72.66 million, a 6.8% decline year-on-year; net loss stood at $35 million, up from $16.9 million in the same period last year.
BitFuFu stated that during this quarter, it recognized approximately $35.6 million in fair value losses related to digital assets and associated receivables and payables, significantly impacting overall performance.
As of March 31, 2026, BitFuFu held 1,794 BTC, with total cash and digital assets amounting to approximately $141.5 million.
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