Bitcoin mining firm BitFuFu (NASDAQ: FUFU) reported a net loss of $57.4 million for the full year 2025 on Friday alongside a 2.7% increase in total revenue.
Total revenue reached $475.8 million by the end of December, compared to $463.3 million in 2024. Cloud mining solutions generated $350.6 million to account for 73.7% of total revenue.
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Self-mining operations brought in $63.1 million, representing 13.3% of total revenue. This segment saw a significant decline from the previous year. The net loss reversed a $54.0 million profit from 2024.
Fair value changes in cryptocurrencies and equipment impairment drove the overall loss. A $32.8 million non-cash fair value loss tied to a decrease in the price of Bitcoin impacted this profitability metric.
Combined cash, cash equivalents, and cryptocurrencies stood at $177.1 million. This liquidity position remained relatively flat year-over-year. Mining equipment sales contributed $53.7 million, or 11.3%, to the yearly revenue total.
Other business segments, including hosting, generated $8.4 million to make up 1.7% of total revenue. Total mining capacity under management grew 11.1% to 26.1 EH/s. Hosting capacity dropped to 478 MW over the same period.
Cloud mining registered users increased by 14.2% to reach 675,765 individuals. BitFuFu produced 3,662 Bitcoin during the year. Customers mined 3,051 of those coins through cloud mining.
Self-mining operations yielded 611 coins. The average cost to mine a single Bitcoin from self-mining operations surged to $77,573. This metric represents a steep increase from $47,496 in 2024.
Total Bitcoin holdings reached 1,778 coins at the end of the year. This total represents a 3.4% increase from the previous year.