BitFuFu significantly reduced its self-mined Bitcoin output in 2025, pivoting toward cloud mining as its primary revenue driver.
The Singapore-based firm reported $475.8 million in total revenue, a modest 2.7% year-over-year increase. However, self-mining production dropped sharply to 611 BTC from 2,537 BTC in 2024, marking a 76% decline. Revenue from self-mining fell about 60% to $63.1 million.
The company attributed the shift to rising mining difficulty and a steep drop in earnings per terahash, which fell over 50%. BitFuFu also reduced the share of hashrate allocated to self-mining.
Cloud mining emerged as the dominant segment, generating $350.6 million and accounting for roughly 74% of total revenue. The company said the transition improves capital efficiency and provides more predictable income streams.
Looking ahead, BitFuFu plans to expand its infrastructure and continue growing its Bitcoin treasury.
