BitFuFu Inc. (FUFU) posted a first quarter net loss of $16.9 million, compared to net income of $35.3 million, a year ago. Net loss per share was $0.10 compared to profit of $0.22. Adjusted EBITDA was negative at $10.8 million, compared to positive $49.9 million in the same period of 2024.
Total revenue in the first quarter was $78.0 million, a decrease of 46.0% from $144.4 million in the same period of 2024, primarily due to the decline in cloud mining revenue and self-mining revenue.
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Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.