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BitFuFu’s August Bitcoin production rose 55%, CryptoSlate reports

BitFuFu added 59 BTC to its treasury, but holdings remained 298 BTC below June after it spent coins to fund new capacity, CryptoSlate says.

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1 Source, 24d ago, first seen 24d ago

TLDR

CryptoSlate reports that BitFuFu produced 174 BTC in August, up 55%, with most of the gain coming from cloud-mining customers. The company mined 88 BTC for itself and added 59 BTC to its treasury. The outlet says holdings remained 298 BTC below June after BitFuFu spent coins to fund new capacity.

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1 Source, first seen 24d ago

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Combined views

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1 Source, first seen 24d ago

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1 Source

@CryptoSlateBitFuFu’s August Bitcoin production rose 55% to 174 BTC, but most of the gain came from cloud-mining customers. It self-mined 88 BTC and added 59 BTC to its treasury. Holdings remain 298 BTC below June after the company spent coins to fund new capacity. https://cryptoslate.com/a-bitcoin-miner-burned-through-millions-in-btc-to-buy-compute-but-new-coins-are-not-returning-to-treasury/24d
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    1 Source

    @CryptoSlateBitFuFu’s August Bitcoin production rose 55% to 174 BTC, but most of the gain came from cloud-mining customers. It self-mined 88 BTC and added 59 BTC to its treasury. Holdings remain 298 BTC below June after the company spent coins to fund new capacity. https://cryptoslate.com/a-bitcoin-miner-burned-through-millions-in-btc-to-buy-compute-but-new-coins-are-not-returning-to-treasury/24d
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