- Bitcoin production saw a 91.4% increase compared to the previous month, reaching 400 BTC.
- The total managed hashrate rose by 20.5% month-over-month to 34.1 EH/s as of May 31, 2025.
- Managed power capacity grew 15.0% month-over-month to 651 MW across five continents as of May 31, 2025.
SINGAPORE, June 04, 2025 — BitFuFu Inc. (NASDAQ: FUFU), a leading global Bitcoin mining company and innovator in mining services, has released its unaudited production and mining operational updates for May 2025.
According to Leo Lu, Chairman and CEO of BitFuFu, the company expanded its hashrate and power capacity to new record levels of 34.1 EH/s and 651 MW in May to meet the continued high demand for cloud mining services.
BitFuFu mined 400 BTC in May 2025 alone, with 357 BTC mined by cloud-mining customers. The company attributes the significant 91.4% month-over-month increase in Bitcoin production to a full month’s contribution from the additional hashrate acquired in late April. The company anticipates another strong increase in Bitcoin production in June, as Bitcoin productions benefit from this expanded capacity throughout the entire month.
Lu added that the company strategically sold 178 BTC at an average price of $104,000 during May’s all-time high, after suspending Bitcoin sales for almost four months. These sales allowed BitFuFu to capitalize on favorable market conditions, cover operational expenses efficiently, and bolster liquidity, consistent with their disciplined treasury management strategy. He affirmed the company’s long-term belief in Bitcoin and its commitment to maintaining a substantial balance while managing the business responsibly.
May 2025 Highlights (as of May 31, 2025)
Bitcoin Holdings and Production
- Bitcoin Held: 1,709 BTC1, a decrease of 199 BTC from April 30, 2025, resulting from deliberate treasury sales.
- Bitcoin Production: In May 2025, Bitcoin production reached 400 BTC, a 91.4% increase compared to the previous month, including 357 BTC from cloud mining and 43 BTC from self-mining.
Hashrate Overview
- Total Hashrate Under Management: 34.1 EH/s, reflecting a 20.5% month-over-month increase due to increased hashrate procurement from suppliers and strong cloud mining service demand. The S21 series miners primarily generated the added hashrate.
- Self-Owned Hashrate2: 4.2 EH/s.
- Hashrate from Third-Party Suppliers and Hosting Customers2: 29.9 EH/s.
- Average Fleet Efficiency: 19.1 J/TH.
Power and Infrastructure
- Total Power Capacity Under Management: 651 MW across five continents, a 15.0% month-over-month increase.
Mining Services
- Cloud Mining Users: 615,559 registered users as of May 31, 2025.
About BitFuFu Inc.
BitFuFu Inc. is a leading global innovator in Bitcoin mining and mining services. The company aims to strengthen the Bitcoin network globally through its advanced cloud mining platform, rapidly expanding infrastructure, and innovative mining solutions.
For more information, visit or follow BitFuFu on X @.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” or similar expressions that suggest future events or trends. Forward-looking statements include statements about the Company’s beliefs and expectations, and are not based on historical facts. These statements are based on several assumptions, which may or may not be identified in this release, and on the current expectations of BitFuFu’s management. They are not guarantees of actual performance and involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. While the Company believes it has a reasonable basis for these forward-looking statements, it cautions that they are based on a combination of currently known facts, factors, and projections about the future, which are inherently uncertain. All information in this press release is current as of its date, and the Company undertakes no obligation to update this information unless required by law.
For investor inquiries, please contact:
BitFuFu Investor Relations: Charley Brady, Vice President of Investor Relations:
For general inquiries, please contact:
BitFuFu Media Relations:
1 Includes 689 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud mining customers
2 Hashrate may be used for both self-mining and cloud-mining
