BitFuFu’s 2025 outcomes confirmed a pointy shift in its enterprise combine, with cloud mining overtaking self-mining as the corporate’s primary 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, increased mining problem and a lowered 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 day by day Bitcoin earnings per terahash, pushed by increased mining problem and a 47% discount in hashrate allotted to self-mining. Rising Bitcoin costs partially offset the affect.
Supply: BitFuFu
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 section 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 prospects.
Supply: BitFuFu
BitFuFu stated it additionally elevated mining gear 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.
“Looking forward to 2026, we’ll 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.
Supply: BitFuFu
BitFuFu CEO Leo Lu stated that the corporate will deal with buying mining infrastructure in 2026 and can preserve reviewing potential partnership alternatives as a part of its vertical integration technique.
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