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Wu Shuo has learned that Bitcoin mining companies and cloud mining service provider BitFuFu released an unaudited financial report for the first quarter of 2026.
Q1 total revenue was $72.66 million, down 6.8% year-over-year; net loss was $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 total cash and digital assets amounting to $141.5 million.