Bitcoin Mining Company BitFuFu Reports Q1 2024 Financial Results

BitFuFu, a bitcoin mining company owned by Bitmain, announced its first quarter 2024 financial results, ending March 31, 2024, with total revenues of $144.4 million and net income of $35.3 million; a combined balance of $163.7 million in cash, cash equivalents, and digital assets; 1,103 BTC of self-mined minerals in the first quarter, at an average cost of $39,000 for mining; and a total mining Total mining capacity 28.6 EH/s.