BitFuFu’s May Bitcoin Surge: Record Hashrate & Massive Gains!

by

What You Should Know (You Might Want to Sit Down for This):

  • BitFuFu mined 400 BTC in May, a 91% leap from the previous month. Talk about a glow-up!
  • Hashrate under management skyrocketed to 34.1 EH/s, up 20.5% month-over-month. The numbers don’t lie.
  • The company sold 178 BTC at an average price of $104,000. Ah, the sweet taste of profit!

Ah, May! The month that BitFuFu decided to not just dip its toes into the bitcoin mining pool, but cannonball right in. A dazzling 400 BTC mined, a 91% increase from the previous month — because, why not aim for the stars when you’ve already reached the moon? The true magic, however, comes from their cloud-mining clients, who churned out 357 BTC, while BitFuFu’s own mining machine army delivered a humble 43 BTC. And, oh, did I mention they’ve been adding new hardware like it’s going out of style? It’s the “late April addition” that was really the star here, with the cherry on top being even more machines rolled out at the tail end of May. Prepare for an even bigger boom in June.

But, wait! There’s more! BitFuFu’s hashrate under management had a Cinderella moment, soaring to 34.1 EH/s, up a modest 20.5% from April. Now, this impressive number includes a smattering of self-owned power (4.2 EH/s) and a whopping 29.9 EH/s from their partners and customers. Oh, and did I mention their fleet’s efficiency? A measly 19.1 joules per terahash. It’s like they found the secret sauce to mining success — which, in case you were wondering, also comes with 651 megawatts of power spread across five continents. Because, why not conquer the world, right?

But here’s the kicker. After a mere four-month hiatus, BitFuFu resumed selling bitcoin in May. Not exactly a “buy low, sell high” situation, but close enough — 178 BTC sold at an average price of $104,000. A stroke of genius, since bitcoin was riding high. This little move wasn’t just for fun; it helped cover operational costs and gave their balance sheet a much-needed flex. In case you were wondering, they now hold 1,709 BTC, a slight drop from April’s 1,908, but hey, no big deal. CEO Leo Lu confidently declares BitFuFu’s long-term commitment to Bitcoin exposure. They’re in it for the long haul, but they also like to have a little flexibility in how they manage their treasure chest.

Read More

2025-06-04 22:06