BitFuFu’s 2025 outcomes confirmed a pointy shift in its enterprise combine, with cloud mining overtaking self-mining as the corporate’s fundamental income driver.
The Singapore-based Bitcoin (BTC) miner reported $475.8 million in income for 2025, up 2.7% from a yr 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 yr earlier.
The corporate attributed the change to weaker Bitcoin earnings per terahash, greater mining issue and a decreased share of hashrate allotted to self-mining, because it leaned extra closely on cloud-mining merchandise.
BitFuFu stated it reallocated hashrate from self-mining to cloud mining following a 52% decline in each day Bitcoin earnings per terahash, pushed by greater mining issue and a 47% discount in hashrate allotted to self-mining. Rising Bitcoin costs partially offset the impression.
The corporate stated 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 yr 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 clients.
BitFuFu stated it additionally elevated mining tools gross sales, which rose 76% yr over yr to $53.7 million.
BitFuFu outlines 2026 priorities
Though BitFuFu elevated its Bitcoin holdings by simply 58 BTC final yr, the corporate stated it stays dedicated to increasing its BTC treasury in 2026.
“Waiting for 2026, we are going to scale our cloud mining enterprise, broaden hashrate and energy capability with self-discipline, and proceed constructing our Bitcoin treasury,” the corporate stated in an announcement on X.
BitFuFu CEO Leo Lu stated that the corporate will concentrate on buying mining infrastructure in 2026 and can hold reviewing potential partnership alternatives as a part of its vertical integration technique.
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