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BitFuFu rides crypto wave, flexible business model to lofty profits

The provider of digital asset mining services is growing its portfolio of self-operated mining machines and data centers as high crypto prices fuel strong revenue and earnings gains

This article only represents the author's own views.

The good times are rolling for BitFuFu Inc. (FUFU.US), which isn’t showing any signs of settling for the status quo.

Amid the latest resurgence for cryptocurrencies, including a rise of more than 30% in the price of bitcoin over the last six months, the provider of digital asset mining services is enjoying a big jump in its own profits. But Bitfufu isn’t stopping there. It’s rapidly building up its own crypto mining business, which can pay off nicely if the current boom continues — though how long that will happen is anyone’s guess.

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