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Two Blokes Wed at 6:30 PM -
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BitFuFu faced a sharp Q1 revenue and capacity decline, but operational recovery and hashrate expansion post-Q1 signal a positive turnaround. Cloud mining remains BitFuFu's dominant revenue source, with registered users nearly doubling YoY to over 607,000 users, signaling growing retail demand despite infrastructure lag. BitFuFu's close ties with BITMAIN offer hardware procurement advantages but pose related-party and concentration risks, though liquidity remains healthy for now.
