BitFuFu Q3 revenue doubles as miners rush amid rising Bitcoin prices
BitFuFu said its Q3 revenue doubled as a sharp rise in Bitcoin’s average price — from $61,000 to $114,500 year‑over‑year — pushed miners to expand capacity. Higher prices prompted many operators to buy machines outright and to use cloud mining services when hardware was constrained, lifting both equipment sales and hosting/cloud contracts for the provider.
The jump matters because it highlights how BTC price swings quickly translate into capital expenditure and service demand across the mining supply chain. For BitFuFu, the mix of direct sales and cloud offerings reduced friction for miners seeking capacity, while tighter hardware availability could sustain demand in the near term. Investors and miners should watch for price volatility and equipment lead times, which will determine whether this revenue spike becomes a sustained trend or a shorter cyclical boost.