TechFlow reported on August 20 that, according to GlobeNewsWire, Bitcoin mining company BitFuFu released its unaudited financial results for the second quarter ended June 30, 2024. Total revenue reached $129.4 million, up 69.7% year-over-year. Revenue from cloud mining solutions amounted to $77 million, an increase of 66.8% year-over-year; self-mining Bitcoin operations generated $51.1 million in revenue, up 81%. Net income was $1.3 million, compared to $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.
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