BitFuFu cuts Bitcoin holdings to fund mining expansion
The Bitcoin miner held 1,314 BTC as of July 31, down from 1,671 BTC at the end of June.
Nasdaq-listed cloud-mining provider BitFuFu is scaling its Bitcoin mining operations after using a portion of its BTC treasury to secure additional future mining capacity.
The company reported Friday it produced 112 BTC in July, compared with 125 BTC in June, with production split between 72 BTC from self-mining and 40 BTC from cloud mining. Average daily output reached 3.6 BTC during the month.
BitFuFu’s Bitcoin holdings declined to 1,314 BTC from 1,671 BTC, driven mainly by advance payments for new hashrate capacity scheduled to begin operating in August.
BitFuFu ended July with 14.2 EH/s in total managed hashrate, consisting of 3.6 EH/s of self-owned hashrate and 10.6 EH/s from external suppliers and hosting customers. Self-owned hashrate increased 2.9% month over month, reflecting ongoing investment in owned mining capacity.
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The company expects new capacity additions to bring total managed hashrate back to roughly 20 EH/s by mid-August, reinforcing its strategy of expanding infrastructure while maintaining disciplined capital allocation.