Crypto Mining
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Wu Blockchain· 2025-08-07 12:06
Crypto Mining Industry News - American Bitcoin raised $220 million [1] - A French MP proposed using surplus nuclear power for Bitcoin mining [1] - Ukrainian President Zelensky signed a decree sanctioning 60 companies helping Russia evade sanctions through crypto [1]
BitFuFu Announces July 2025 Bitcoin Production and Operation Updates: Record 38.6 EH/s Hashrate, 467 BTC Mined
Globenewswire· 2025-08-05 12:00
Core Insights - BitFuFu Inc. reported significant growth in Bitcoin production and mining operations for July 2025, highlighting a 43% month-over-month increase in self-mining output [2][6][7] - The company achieved a record hashrate of 38.6 EH/s and total power capacity of 752 MW, marking a 3.3% month-over-month increase in power capacity [3][6][7] - BitFuFu's Bitcoin holdings decreased slightly to 1,784 BTC, primarily due to vendor payments, while total Bitcoin production reached 467 BTC, a 4.9% increase from the previous month [7] Bitcoin Holdings and Production - Bitcoin production for July 2025 was 467 BTC, with 384 BTC from cloud mining and 83 BTC from self-mining [7] - The self-mining output increased by 43.1% month-over-month, demonstrating the effectiveness of the company's dual-engine model [2][6] - Bitcoin holdings decreased by 8 BTC from June 30, 2025, due to payments made to vendors [7] Hashrate Overview - Total hashrate under management reached 38.6 EH/s, reflecting a 6.6% month-over-month increase [7] - Self-owned hashrate accounted for 3.8 EH/s, while hashrate from third-party suppliers and hosting customers was 34.8 EH/s [7] - The average fleet efficiency was reported at 19.5 J/TH [7] Power and Infrastructure - Total power capacity under management was 752 MW, with a 3.3% month-over-month increase [3][6] - The company operates across five continents, indicating a broad geographical footprint in its mining operations [3] Mining Services - BitFuFu has a growing cloud mining user base, with 629,487 registered users as of July 31, 2025 [8] - The BitFuFuPool mining pool surpassed 20 EH/s in July 2025, showcasing the company's competitive position in the mining services sector [8]
