BitFuFu Shifts Strategy as Cloud Mining Becomes Primary Revenue Driver

Singapore based crypto miner BitFuFu reported a major shift in its 2025 business model, with cloud mining surpassing self-mining as its leading source of revenue. The company generated $475.8 million in total revenue, marking a modest 2.7% increase year over year.

Self-Mining Output Drops Sharply

BitFuFu’s self mined Bitcoin production declined significantly, falling to 611 BTC from 2,537 BTC in 2024 — a 76% drop. Revenue from self-mining also decreased by around 60% to $63.1 million. The company attributed the decline to rising mining difficulty, reduced hashrate allocation, and weaker earnings per terahash. Despite lower output, BitFuFu slightly increased its Bitcoin holdings to 1,778 BTC, compared to 1,720 BTC a year earlier.

Cloud Mining Drives Revenue Growth

Cloud mining emerged as the company’s dominant segment, contributing $350.6 million, or about 74% of total revenue. This marks a significant increase from 58.5% in 2024. The shift followed a 52% drop in daily Bitcoin earnings per terahash, prompting the firm to reallocate resources toward more stable, predictable income streams.

Looking ahead, BitFuFu plans to expand its cloud mining operations, increase hashrate capacity, and grow its Bitcoin treasury. CEO Leo Lu emphasized continued investment in infrastructure and strategic partnerships to strengthen long-term growth.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.