Cloud Mining Company’s Revenue Surges, Helped by Skyrocketing Bitcoin Price!

Jakarta, Pintu News – In a recently released report, BitFuFu, a Singapore-based cloud mining company, announced a significant increase in revenue in the third quarter. Their revenue doubled to $180.7 million compared to the previous year, fueled by the post-halving surge in Bitcoin price. It was also driven by increased demand for cloud mining solutions and mining equipment sales.

Increased Revenue from Cloud Mining

In the third quarter of this year, BitFuFu recorded revenue of $122 million from the cloud mining segment alone. This represents a significant increase over the same period last year. This growth was mainly due to an increase in the number of users opting to rent hashrate instead of managing their own mining hardware.

In addition, mining equipment sales have also seen a drastic surge, from just $0.3 million last year to $35 million this year. This surge suggests that more and more market participants are interested in investing in mining equipment in response to the rising price of Bitcoin.

Also Read: Shocking Prediction from Donald Trump’s Son: Bitcoin Will Break $1 Million!

Bitcoin’s rising price drives demand

The average price of Bitcoin during the third quarter of last year was $61,000, while this year it has jumped to $114,500. This price increase has directly influenced the increased interest and activity in Bitcoin mining. It has also influenced many market participants’ decisions to buy or rent mining equipment.

BitFuFu managed to attract over 641,526 users for its cloud mining services, an increase of over 40% from the previous year. This growth shows that more and more people are seeing Bitcoin mining as a profitable investment, especially with the predictions of Bitcoin prices continuing to rise.

Bitcoin Mining’s Contribution to Revenue

Despite the mining reward cut that occurred in April 2024, BitFuFu continues to allocate its capacity for Bitcoin mining. BitFuFu CEO, Leo Lu, stated that Bitcoin mining activities still contribute significantly to the company’s growth and revenue.

During the third quarter, BitFuFu managed to mine a total of 174 Bitcoins and increased their total Bitcoin holdings by 19% to 1,962 coins. This shows that despite the challenges, Bitcoin mining is still an important source of revenue for the company.

Conclusion

In conclusion, BitFuFu managed to capitalize on favorable market conditions by doubling its revenue in the third quarter. With the continued rise in Bitcoin price and strong demand for cloud mining solutions, BitFuFu looks set to continue growing for the foreseeable future.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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FAQ

• How much was BitFuFu’s revenue in the third quarter of this year?
  • BitFuFu’s revenue in the third quarter of this year reached $180.7 million, doubling from the previous year.
• What led to BitFuFu’s revenue increase?

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• How much Bitcoin did BitFuFu manage to mine in the third quarter?
  • BitFuFu managed to mine 174 Bitcoins in the third quarter of this year.
• What is BitFuFu’s total Bitcoin holding after the third quarter?
  • After the third quarter, BitFuFu’s total Bitcoin holdings increased by 19% to 1,962 coins.
• How will the April 2024 halving affect BitFuFu’s operations?

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Reference

• Cointelegraph. Bitfufu Q3 Revenue Doubles on Cloud Mining Demand. Accessed on November 14, 2025