BitFuFu reports Q2 EPS 28c, consensus 9c

Reports Q2 revenue $115.4M, consensus $123.67M. “We delivered strong financial results in the Q2, generating net income of $47.1M-a sharp turnaround from a small loss in the first quarter. This performance more than offsets the impact of last year’s Bitcoin (BTC) halving and higher network difficulty, demonstrating the strength of our business model and the dedication of the BitFuFu (FUFU) team,” said Leo Lu, Chairman and CEO. “Our total managed hash rate reached a record 36.2 EH/s and hosting capacity grew to 728 MW as of quarter-end, expanding further in July to 38.6 EH/s and 752 MW.