mara and riot competing against 105 eh/s of chinese hashrate running at $0.03/kwh that doesn't show up in any mining report. western miners paying $0.06+ for power trading at valuations that assume they control marginal production. they don't. china's 14% of global hashrate operates underground with 50% lower costs and zero compliance overhead. every difficulty adjustment erodes margins these stocks need to justify their multiples. ...

Bitcoin Mining Resurgence in China - Bitcoin mining has quietly resurged in China despite the 2021 ban [1] - China now contributes about 14% of global hashrate, ranking third worldwide [1] - CryptoQuant estimates that 15%-20% of global Bitcoin mining may currently originate from China [1] Geographical Distribution - Miners have re-emerged in low-cost, energy-surplus regions like Xinjiang and Sichuan [1] - New facilities are being built in regions like Xinjiang and Sichuan [1]

Core Insights - BitFuFu Inc. reported its unaudited production and mining operation updates for October 2025, highlighting fluctuations in managed hashrate and the execution of a new hashrate contract to meet cloud mining demand [1][2]. Bitcoin Holdings and Production - As of October 31, 2025, BitFuFu held 1,953 BTC, a decrease of 6 BTC from September 30, 2025 [6]. - The company produced 253 BTC in October, with 223 BTC from cloud mining and 30 BTC from self-mining [6]. - The decline in production was attributed to rising network difficulty, power curtailment programs, and the expiration of third-party contracted hashrate [6]. Hashrate Overview - Total hashrate under management was 30.5 EH/s, reflecting a 15.3% month-over-month decrease [6]. - Self-owned hashrate remained unchanged at 5.0 EH/s [6]. - The hashrate from third-party suppliers and hosting customers was 25.5 EH/s [6]. - Average fleet efficiency was reported at 18.2 J/TH [6]. Power and Infrastructure - Total power capacity under management decreased to 555 MW, marking an 11.1% month-over-month decline [3]. Mining Services - BitFuFu announced a new miner purchase and hosting program for ANTMINER S21+ Hyd Bitcoin miners, available to customers globally [6]. - The number of cloud mining users increased to 645,801 as of October 31, 2025, up from 641,526 at the end of September 2025 [6]. Upcoming Conferences - BitFuFu will participate in the Cantor Crypto & AI/Energy Infrastructure Conference in Miami, FL, from November 10-12, 2025, and Mining Disrupt 2025 in Dallas, TX, from November 12-13, 2025 [6].

New Record Global Bitcoin Mining Hashrate1,100,000,000,000,000,000,000x per second https://t.co/SUoCx7Y2Rq ...

🚨 JUST IN: $BTC hashrate hits record 1.2T as mining difficulty drops 2.7%. https://t.co/WQ3nzwtuom ...

RT Nick Szabo (@NickSzabo4)@hadalj @jimmysong No. Mining security works based on relative not absolute hashrate (if that were not true, Bitcoin in its early years would have been preposterously insecure, and it wasn't). ...

JUST IN: #Bitcoin's hashrate hit a NEW ALL TIME HIGH 🚀 https://t.co/7z8YdRfTEr ...

JUST IN: #Bitcoin's hashrate hit a NEW ALL TIME HIGH 🚀 https://t.co/iAHatveW4b ...

LITECOIN HASHRATE TRIPLES - 2025 may yet prove to be @litecoin's most exciting year in history... Get the latest research into its on-chain growth as ETF speculation runs wild ⬇️ https://t.co/Z0d2q9M2qZ ...

#Bitcoin hashrate is exploding.PRICE FOLLOWS HASH! https://t.co/Q8LJHFRxjo ...