Bitfufu announces full year 2024 unaudited financial results

Singapore, march 25, 2025 (globe newswire) -- bitfufu inc. (“bitfufu” or the “company”) (nasdaq: fufu), a global leader in bitcoin mining and comprehensive mining services, today announced its unaudited financial results for the full year ended december 31, 2024. full year 2024 financial highlights total revenue was us$463.3 million in 2024, representing an increase of 63.1% from us$284.1 million in 2023 revenue from cloud-mining solutions was us$271.0 million in 2024, representing an increase of 52.2% from us$178.0 million in 2023 revenue from bitcoin self-mining operations was us$157.5 million in 2024, representing an increase of 57.2% from us$100.2 million in 2023 net income was us$54.0 million in 2024, representing an increase of 414.3% from us$10.5 million in 2023 adjusted ebitda (a non-gaap metric) was us$117.5 million in 2024, representing an increase of 181.8% from us$41.7 million in 2023 combined balance of cash and cash equivalents and digital assets1 were us$175.1 million as of december 31, 2024, representing an increase of 130.4% from us$76.0 million as of december 31, 2023 “in 2024, we delivered another year of strong financial performance, driven by continued revenue growth across both our cloud-mining solutions and self-mining businesses,” said leo lu, chairman and ceo of bitfufu.
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