IREN, BitFuFu Post June Records Amid Mining Revenue Drop

- Cryptocurrency mining firms IREN and BitFuFu broke records in June 2025. - Bitcoin mining revenue fell 8.6% month-over-month during the same period. In June 2025, cryptocurrency mining firms IREN and BitFuFu achieved record-breaking performance, even as the broader Bitcoin mining industry faced declining revenue. On July 7, 2025, The Block reported that Australian-based IREN generated $68 million in monthly revenue and $51 million in hardware profit, a performance driven by the company's renewable energy-powered data centers. IREN also hit its self-mining target of 50 EH/s and expanded its AI Cloud operations by acquiring NVIDIA Blackwell GPUs. Meanwhile, Singapore-based BitFuFu also set new benchmarks, reporting a total hashrate of 36.2 EH/s and managing 728 MW of power capacity. In June, the Nasdaq-listed company mined 445 Bitcoin, which increased its holdings to 1,792 BTC. As of June 30, 2025, these holdings were valued at approximately $193.7 million. Despite these individual successes, the wider Bitcoin mining sector encountered challenges as overall monthly Bitcoin mining revenue declined by 8.6%, dropping from $1.52 billion in May to $1.39 billion in June. These contrasting outcomes highlight the operational achievements of leading firms amid broader market setbacks. According to CoinMarketCap on July 7, Bitcoin (BTC) was trading at $108,031.96 at 17:16 UTC, with its 24-hour trading volume down 0.691%.