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BitFuFu October Bitcoin Production Drops to 137 BTC Amid Surging Mining Difficulty

BitFuFu Inc. reported October Bitcoin production of 137 BTC, falling 18% from 167 BTC in September. The decline was driven primarily by self-mining output, which fell from 98 BTC to 67 BTC, while cloud-mining output held steady at 70 BTC. Production slipped despite managed hashrate holding steady at 19.5 EH/s compared to 19.4 EH/s in September and fleet efficiency improving to 16.3 J/TH from 16.7 J/TH. The drop coincided with an 11.8% surge in Bitcoin network mining difficulty to 148.36 trillion. BitFuFu's total Bitcoin treasury increased to 1,454 BTC from 1,388 BTC.

Category

Bitcoin

Sentiment

Bearish

Event

Crypto native

Reading time

1 min