In the mining companies’ earnings season, BitFuFu’s losses doubling is a bit jarring. Still, they’re holding onto nearly 1,800 BTC, so their assets remain intact. The fair value loss is 35.6 million—put simply, it’s a paper loss caused by cryptocurrency price fluctuations, not a position cut. Just wait for the rebound.

BTC-0.27%
View Original
WuSaidBlockchainW
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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned