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21 Mar 2026, 09:01
BitFuFu defies Bitcoin value loss as cloud mining revenue increases in 2025 results
BitFuFu reported $475.8 million in 2025 revenue (+2.7%) but posted a net loss of $57.4 million. Cloud mining now accounts for 73.7% of revenue, with nearly 676,000 users and stable retention. Despite profitability pressure, the company maintained a stable balance sheet with approximately $177M in assets. Nasdaq-listed BitFuFu Inc, the Singapore-based Bitcoin miner and cloud mining platform, reported a 2.7% increase in total revenue to $475.8 million and a net loss of $57.4 million in the release of the unaudited version of its financial results for 2025. According to the published document, BitFuFu grew its mining platform, expanded its total hashrate capacity, and recorded a bump in revenue. The company stated that the moves it made in 2025 were a deliberate and disciplined structural transformation designed to build resilience against one of the toughest years the industry has faced since the 2024 halving. Since the April 2024 halving reduced the Bitcoin block reward to 3.125 BTC, the economics of proof-of-work mining have deteriorated across the sector. Hashprice, the daily revenue earned per unit of computing power, has fallen considerably while network difficulty has also risen to successive all-time highs. It is under these conditions that BitFuFu has been able to grow its revenues and hold its treasury balance steady, which is not the standard among its contemporaries. Why did BitFuFu report losses despite rising revenue? The main reason BitFuFu recorded a net loss was because of the $32.8 million fair-value loss on its Bitcoin holdings and digital asset receivables. Most of these value hemorrhage occurred in the fourth quarter as Bitcoin’s price retreated from its October peak of above $126,000 to around $91,000 by late November, a decline of about 28%. The platform recorded $75.6 million in fair-value gain in 2024, when Bitcoin’s appreciation through the year flattered the income statement. Equipment impairments related to unfavorable market conditions compounded the pain. Adjusted EBITDA fell to $8.3 million from $117.9 million the year before. The average cost to produce one Bitcoin from BitFuFu’s self-mining operations climbed to $77,573 in 2025, up from $47,496 in 2024, driven by a 52.1% decline in Bitcoin daily earnings per terahash and an industry-wide surge in network difficulty. In all these, the company’s balance sheet, however, held firm as its combined cash and digital assets remained relatively flat at $177.1 million at year-end, compared with $175.1 million twelve months earlier. BitFuFu turns cloud mining into revenue machine Cloud Mining Solutions, in which customers purchase access to managed hashrate rather than operating their own hardware, generated $350.6 million in 2025, up 29.4% year-on-year and equivalent to 73.7% of total revenue, compared with 58.5% in 2024. Registered users on the cloud platform rose 14.2% to 675,765, and the company recorded a net dollar retention rate of 100%. Cloud Mining Solutions’ total mining capacity under management rose 11.1% to 26.1 exahashes per second despite a contraction in hosting capacity to 478 MW from 551 MW. Equipment sales also made up for a healthy chunk of cash inflow. The firm sold mining equipment worth about $53.7 million in 2025, a healthy increase from the $30.5 million it reported in 2024. Those numbers also accounted for slower demand by year-end compared to the first three quarters. “We continued to scale our cloud-mining platform, growing Cloud Mining Solutions revenue to $350.6 million and expanding total mining capacity under management to 26.1 EH/s,” said Leo Lu, chairman and CEO , adding that the company had “maintained rigorous operational discipline throughout 2025.” The CEO added that they ended the year with $177.1 million of combined cash and digital assets and built a solid foundation to navigate the current weaker market conditions.
21 Mar 2026, 09:00
Trump’s crypto advisor confirms ‘agreement in principle’ on CLARITY Act
It was unclear whether the banking industry will support the stablecoin yield compromise.
21 Mar 2026, 09:00
Nexo Zero-Interest Credit wins FinTech Breakthrough award
Nexo's Zero-Interest Credit product won "Consumer Lending Product of the Year" at the 10th annual FinTech Breakthrough Awards on 19 March 2026. The product lets users borrow against Bitcoin or Ethereum at 0% APR with no fees.
21 Mar 2026, 08:45
LTC Technical Analysis March 21, 2026: Market Structure
LTC is stabilizing at $56.27 while maintaining the uptrend's HH/HL structure above the $55.7395 swing low. BOS above $59.2600 extends the trend, while CHoCH below $55.74 signals a reversal.
21 Mar 2026, 08:45
Palantir secures expanded Pentagon role as Maven becomes permanent AI system
The U.S. Pentagon has decided to turn Palantir’s battlefield AI called ‘Maven system’ a permanent home across the military instead of leaving it in a more temporary lane, according to a March 9 letter from Deputy Secretary of Defense Steve Feinberg to senior Pentagon leaders and military commanders. Steve said the goal is to push Palantir’s system deeper into military operations and keep it there for the long haul, adding that the decision is expected to take effect by the end of the current fiscal year in September. Pentagon gives Palantir’s Maven permanent status across the force In the letter, Steve said putting Maven Smart System into wider use would give troops “the latest tools necessary to detect, deter, and dominate our adversaries in all domains.” He also wrote, “It is imperative that we invest now and with focus to deepen the integration of artificial intelligence (AI) across the Joint Force and establish AI-enabled decision-making as the cornerstone of our strategy.” According to Palantir’s founder Peter Thiel, Maven is command-and-control software, meaning it takes in battlefield data, sorts through it, and helps identify targets. As you should know, U.S. forces have carried out thousands of illegal unconstitutional targeted strikes against Iran over the last three weeks. Turning Maven into a program of record gives it stable funding and makes it easier to spread the system across every branch of the military without having to fight through the same internal hurdles with the Congress each time. Steve’s memo also said that oversight of Maven is being taken away from the National Geospatial-Intelligence Agency and handed to the Pentagon’s Chief Digital and Artificial Intelligence Office within 30 days. Project Maven, formally known as the ‘Algorithmic Warfare Cross Functional Team,’ was first launched in April 2017. The Defense Department launched it to speed up the use of machine learning and data integration in military intelligence work. From the start, the program focused on intelligence, surveillance, target acquisition, reconnaissance, and geospatial intelligence. Its early job was to use computer vision to process images and video for intelligence purposes. Today, Maven supports targeting operations, data integration, analyst visualization, and model training on labeled military datasets tied to assets and infrastructure. US military is expanding classified AI work under Trump The Maven system pulls in information from drones, satellites, and other sensors. It flags possible targets, presents those findings to human analysts, and then sends human decisions into operational systems. A number of contractors have touched the program over the years. Google was involved, then pulled out in 2018 after employee protests. Later support came from Palantir, Anduril, Amazon Web Services, and Anthropic, which withdrew in 2026. At the same time, the Pentagon’s broader AI push is getting more aggressive. A U.S. defense official told MIT Technology Review that training models on classified data is expected to make them more accurate and more useful in some tasks. The Pentagon has also reached agreements with OpenAI and xAI to run models in classified environments while pushing toward what it called an “AI-first” warfighting force as the conflict with Iran gets worse. Defense secretary Pete Hegseth had said in January: “As part of our AI and Autonomy acceleration investments, the Department will invest substantial resources in the expansion of our access to AI compute infrastructure, from datacenters to the edge. We will leverage the hundreds of billions in private sector capital investment being made in America’s AI sector through our growing array of creative partnerships with America’s world-leading companies.” “We must internalize that Military AI is going to be a race for the foreseeable future, and therefore speed wins. We must weaponize learning speed, and measure and manage cycle time and adoption rates as decisive variables in the Al era. We must accept that the risks of not moving fast enough outweigh the risks of imperfect alignment,” added Pete. The smartest crypto minds already read our newsletter. Want in? Join them .
21 Mar 2026, 08:41
Morgan Stanley Moves Closer to Launching Its Own Spot Bitcoin ETF
Morgan Stanley’s updated filing advances plans for a spot Bitcoin ETF under its own brand. The ETF’s structure is designed to meet both operational and regulatory requirements. Continue Reading: Morgan Stanley Moves Closer to Launching Its Own Spot Bitcoin ETF The post Morgan Stanley Moves Closer to Launching Its Own Spot Bitcoin ETF appeared first on COINTURK NEWS .
