BitFuFu (FUFU) has released an update.
BitFuFu Inc. has reported a significant increase in total assets, from $210,033 thousand to $293,201 thousand between December 31, 2023, and June 30, 2024, as per their unaudited interim condensed consolidated balance sheets. Their revenues have more than doubled in the first half of 2024 compared to the same period in 2023, with costs also rising, resulting in a gross profit of $32,680 thousand. Despite increased operating expenses and unrealized fair value loss of digital assets, the company’s retained earnings showed a substantial improvement.
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