BitFuFu (NASDAQ:FUFU), a leading digital asset mining service provider, today announced its unaudited financial results for the fiscal year ended December 31, 2025.
The company reported record total revenue of $475.8 million, a 2.7% increase year-over-year.
Growth was primarily fueled by the Cloud Mining Solutions segment, which saw revenue jump 29.4% to $350.6 million, offsetting a decline in self-mining revenue caused by higher network difficulty and strategic hashrate reallocation.
The company's bottom line was significantly impacted by the inherent volatility of the cryptocurrency market.
BitFuFu reported a net loss of $57.4 million for 2025, compared to a net profit of $54 million in 2024.
A primary driver of this swing was a $32.8 million non-cash fair value loss on digital assets and receivables, alongside impairment charges on older mining equipment.
Despite these headwinds, the company maintained positive operational momentum, ending the year with an adjusted EBITDA of $8.3 million and a combined cash and digital asset balance of $177.1 million.
Operationally, BitFuFu continues to scale its global footprint.
Total mining capacity under management reached 26.1 EH/s by year-end, with a fleet efficiency of 18.3 J/TH.
The company produced a total of 3,662 BTC throughout 2025.
In early 2026, management focused on fortifying the balance sheet, reducing its line of credit borrowings from $40 million down to $15 million as of February 28, 2026, while maintaining a treasury of 1,830 BTC.