1 week ago
Bitcoin mining steadfast BitFuFu posted a record-setting period successful May, boosting its hashrate nether absorption to 34.1 exahashes per 2nd (EH/s) and producing 400 BTC, up 91% from April.
Most of that accumulation came from cloud-mining clients, who generated 357 BTC, portion the remaining 43 BTC came from BitFuFu’s self-mining operations. The summation was mostly attributed to a afloat month’s usage of further machines deployed successful precocious April. More hardware was added astatine the extremity of May, mounting the signifier for imaginable gains successful June.
Hashrate nether absorption jumped 20.5% from April and present includes 4.2 EH/s of self-owned capableness and 29.9 EH/s sourced from partners and customers. Average fleet ratio stands astatine 19.1 joules per terahash, portion full powerfulness capableness reached 651 megawatts, dispersed crossed sites connected 5 continents.
BitFuFu besides resumed selling bitcoin successful May aft a four-month pause, offloading 178 BTC astatine an mean terms of $104,000. That move, timed astir bitcoin’s all-time high, helped the steadfast screen expenses and reenforce its equilibrium sheet.
The Singapore-based steadfast present holds 1,709 BTC, down from 1,908 BTC astatine the extremity of April. CEO Leo Lu said BitFuFu remains committed to semipermanent Bitcoin vulnerability portion maintaining a flexible attack to treasury management.
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