Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Customers Pay $77M

Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% increase in revenue for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, founded in 2020 by CEO Leo Lu, attributed the growth largely to a substantial increase in cloud mining revenue, which accounted for more than half of the quarter’s earnings. (…)