BitFuFu Net Income Soars 3,441% As CEO Leo Lu Cites Cloud Mining As Key Growth Driver

BitFuFu (NASDAQ: FUFU) reported 2Q net income of $47.1M, up 3,441% YoY due to increased cloud mining demand. Chairman Leo Lu says institutional adoption and scale are driving growth, with cloud mining accounting for 82% of revenue. Company aims to reduce costs and pursue sustainable energy models.

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