BitFuFu Q2 FY26 swings to net loss of USD 20.5 million; revenue drops 62.9% to USD 42.8 million - FUFU News | RalliesBitFuFu Q2 FY26 swings to net loss of USD 20.5 million; revenue drops 62.9% to USD 42.8 million
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FUFU• Management commentary
- CEO Leo Lu says managed hashrate was restored to about 20 EH/s by mid-August after a deliberate hashrate mix optimization.
Liquidity and mining capacity decline
- Cash, cash equivalents, and digital assets fall to USD 119.5 million at June 30 from USD 177.1 million at Dec. 31.
- Total hashrate under management declines 57.7% to 15.3 EH/s; power capacity falls to 273 MW.
Q2 FY26 results show wider loss and lower revenue
- BitFuFu swings to a net loss of USD 20.5 million as revenue drops 62.9% to USD 42.8 million.
- Non-GAAP adjusted EBITDA turns negative at USD 18.4 million, hit by a USD 16.9 million fair-value loss on Bitcoin.
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