Cloud Mining, Global Scale: How BitFuFu Is Powering the Next Phase of Bitcoin Adoption

At the 2025 Bitcoin Conference in Las Vegas, the energy in the room is unmistakable—larger crowds, louder conversations, and an overall sense of momentum for the crypto industry. Amid the buzz, Bitpush sat down with Charley Brady, VP of Investor Relations at BitFuFu, a world-leading Bitcoin miner and mining services innovator, to talk about mining, regulation, strategy, and how BitFuFu is navigating both retail and institutional demand.

“The Market Is Clearly Back”

Bitpush:
This year’s conference feels a lot more energetic than last year. What’s your take?

Charley Brady:
Absolutely. There’s a lot more excitement and a bigger turnout. It reflects how the overall market has improved in the last year. I think this momentum will continue to pick up.

Breaking Down Cloud Mining at Scale

Bitpush:
BitFuFu is the largest cloud mining company globally. What does that mean for everyday users and institutions?

Charley Brady:
Cloud mining accounts for roughly 60% of our revenue. As of April 30, 2025, our total hashrate under management reached 28.3 EH/s. We lease out portions of that capacity to retail and institutional customers who want to mine Bitcoin without handling the technical or financial overhead themselves. Anyone can start mining by signing up on our website, completing KYC, choosing a mining pool, and connecting their Bitcoin wallet. The mined Bitcoin goes directly to the user’s wallet—we prioritize transparency at every step.

Global Infrastructure, Local Advantage

Bitpush:
Where are the actual mining rigs located?

Charley Brady:
we have 566 MW across five continents as of April 30, 2025, we have in Paraguay, Brazil, Oman, Finland, Indonesia, and Ethiopia. These are real physical data centers. Our latest acquisition was a 51 MW site in Oklahoma, where electricity costs just $0.03 per kilowatt-hour—very competitive. we're going out and actively looking at sites to acquire sites, and targeting expansion to 650–800 MW by the end of 2025, and 1 gigawatt by 2026.

Why Cloud Mining Smooths Out the Bitcoin Cycle

Bitpush:
Bitcoin’s price is volatile. How does BitFuFu stay profitable in bear markets?

Charley Brady:
Great question. We’ve been profitable every year since our founding in late 2020—even through the downturns. Cloud mining allows us to lock in contracts at fixed rates, bringing in upfront cash flow regardless of short-term Bitcoin price swings. This stabilizes revenue in a way that pure self-mining companies can’t replicate.

Bitpush:
Will BitFuFu hold all BTC on balance sheet?

Charley Brady:
We held around 1,904 BTC as of the end of April. Our strategy is to HODL as much as possible. We only sell some to cover electricity and operational costs, because we believe in Bitcoin's long-term value.

Navigating Regulation

Bitpush:
How do you view the current regulatory environment in the U.S.?

Charley Brady:
This is arguably the best environment we’ve seen. The administration is pro-Bitcoin, and the new SEC chair is crypto-friendly. That gives institutional investors the confidence to get more involved. Cloud mining helps even more—we take on the regulatory and operational risks, not the customer. If one jurisdiction changes its laws, we can simply shift machines elsewhere. We operate globally, so that kind of geographic flexibility is a huge asset.

Bitcoin as Treasury Strategy

Bitpush:
We’re seeing companies start to hold BTC on their balance sheets. Are you seeing demand for that?

Charley Brady:
Yes, and in fact, some companies are using cloud mining as a treasury strategy. Instead of buying Bitcoin outright on an exchange, they mine it through us. It offers more flexibility—they can choose the contract duration and risk profile that fits their treasury goals.

Looking Ahead: Consolidation, Expansion, and the BTC Future

Bitpush:
What’s your outlook for the mining industry over the next 3–5 years?

Charley Brady:
We’re already seeing consolidation. Smaller miners with outdated machines can’t keep up after the halving. Many choose to exit rather than reinvest in expensive upgrades. But we’ve noticed that a number of them turn to cloud mining to stay involved. It’s a capital-light way to keep mining without the overhead of running their own rigs.

Bitpush:
Will BitFuFu mine other cryptocurrencies in the future?

Charley Brady:
Unlikely. Bitcoin is unique in its proof-of-work model, liquidity, and recognition. Our focus is and will remain on being the world’s leading Bitcoin miner.

Bitpush:
Any predictions for the rest of the year?

Charley Brady:
No specific price calls, but I’ll say this: the sentiment is extremely bullish. Improved regulation, growing institutional interest, and treasury adoption are all pointing to higher demand for Bitcoin. We're excited for what’s ahead.

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