CoinWorld News reports that Wu said that Bitcoin mining companies and cloud mining service provider bitfufu released their unaudited financial results for the first quarter of 2026. The report shows that total revenue for Q1 was $72.66 million, a 6.8% decrease year-over-year, with a net loss of $35 million, compared to a net loss of $16.9 million in the same period last year. The company stated that this quarter recorded a fair value loss of $35.6 million on digital assets and related receivables/payables. As of March 31, bitfufu held 1,794 BTC, with a total of $141.5 million in cash and digital assets.

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DaoSidequester
· 06-02 04:46
Fair value loss of 35.6 million, the coin price fluctuation hurt too deeply
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GaslightPoet
· 05-31 08:10
Q1 revenue declined, cloud mining is also hard to do
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PlanB_Follower
· 05-30 08:33
A shift from profit to loss, a microcosm of the industry's winter downturn
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MemeSourdough
· 05-30 08:29
Cash plus digital assets totaling 140 million, liquidity is decent
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L2Sidequester
· 05-30 07:38
Wait until the audited version is released to review the details.
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OrderCancellerAfterTheRain
· 05-30 07:29
Holding BTC without selling, is that considered a long-term positive outlook?
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GoldEmber
· 05-30 07:29
Net loss of 35 million, mining costs cannot be reduced
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Salt-BakedSentimentChart
· 05-30 07:29
The mining company's financial report is indeed disappointing; losses have doubled.
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NarrativeCartographer
· 05-30 07:26
Mining company earnings season, every company has its own difficult story to tell
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KiteAndBlock
· 05-30 07:23
The name bitfufu always makes me think of Fufu.
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