BitFuFu reported second-quarter revenue of $42.8 million, down 62.9% from a year earlier, as weaker cloud-mining demand, lower selling prices and the absence of mining-equipment sales weighed on results. Cloud Mining Solutions revenue fell 73.6% to $24.9 million from $94.3 million, while self-mining revenue slipped to $14.0 million from $14.8 million as a 47% increase in average hashrate allocated to self-mining partly offset a 27.5% drop in the average Bitcoin price and lower BTC earnings per terahash caused by higher network difficulty. The company posted a $20.5 million net loss, compared with $47.1 million in net income in the same quarter of 2025, and recorded a $16.9 million fair-value loss on digital assets, leaving adjusted EBITDA at negative $18.4 million. Total managed hashrate fell to 15.3 EH/s at the end of June from 36.2 EH/s a year earlier, and power capacity declined to 273 megawatts from 728 megawatts, though BitFuFu said managed hashrate had recovered to about 20 EH/s by mid-August after securing additional capacity. BitFuFu held 1,671 BTC as of June 30, down from 1,792 BTC a year earlier, and said it sold Bitcoin during the period to fund operations and procure hashrate. Cash, cash equivalents and digital assets totaled $119.5 million, down from $177.1 million at the end of 2025.