BitFuFu Reports Revenue Mix Shift Toward Cloud Mining and a Return to Loss
The source says BitFuFu increased its reliance on cloud mining (remote rented Bitcoin mining power) as its revenue composition changed and profitability moved into negative territory.
Summary
No Summary provided as the original text is short
Terms & Concepts
Cloud mining: A service that lets users rent cryptocurrency mining power remotely instead of operating mining hardware themselves.
Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin rewards.