BitFuFu (FUFU) has released an update.
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BitFuFu Inc. reported a 47.5% increase in total revenue for Q3 2024, reaching $90.3 million, driven by significant growth in cloud-mining services and self-mining operations. Despite a 34% drop in Bitcoin production due to increased blockchain difficulty, the company maintained profitability with positive adjusted EBITDA for the eleventh consecutive quarter. BitFuFu’s strategic focus on vertical integration and global expansion aims to enhance efficiency and long-term shareholder value.
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