🚀 BitFuFu's Impressive Q3 Performance is out! 🚀

We’re thrilled to share our outstanding third-quarter results for 2024!

📈 Key Highlights:

As part of our strategic transition, we’re building a diverse and robust BTC mining infrastructure. This October, we acquired a majority stake in an 80-MW Bitcoin mining facility in #Ethiopia, marking a transition from our asset-light strategy.

We’re also actively exploring a potential M&A pipeline of over 100 MW, evaluating both traditional grid and off-grid options. In addition, we’re assessing new regions with favorable energy rates to further reduce costs and enhance our long-term operational stability.

💬 Our CEO Leo said, “The third quarter was the first full quarter following the Bitcoin halving event in late April, which reduced the Bitcoin block subsidy from 6.25 to 3.125 Bitcoin per block. Despite the halving event, #BitFuFu had another successful quarter generating positive adjusted EBITDA. In fact, I am proud to say that the third quarter of 2024 is the 11th consecutive quarter BitFuFu has generated positive adjusted EBITDA. This consistency demonstrates the profitability and resilience of our business model, regardless of whether the price of Bitcoin is in a bear market or bull market.”

👉 Explore our detailed quarterly results here:

#Q3 #Q3Earnings #Bitcoin #CloudMining