BitFuFu mined 137 BTC in October, down from 167 in September
BitFuFu reported October Bitcoin production of 137 BTC, down from 167 BTC in September, while managed hashrate stayed near 19.5 EH/s. The company’s BTC holdings rose to 1,454 BTC from 1,388 BTC, showing that coin retention and production are distinct measures.
Key metrics
Managed hashrate: 19.5 EH/s, compared with 19.4 EH/s in September. Bitcoin produced: 137 BTC, compared with 167 BTC. BTC holdings: 1,454, compared with 1,388. Source: company update.
Difficulty effect on output
Network difficulty increased about 11.8% in October, from 132.76 trillion to 148.36 trillion. Higher difficulty reduces expected block rewards for a miner that keeps the same share of network hashrate, which helps explain lower coin output despite steady capacity.
Operational mix
Self-mining: 67 BTC, down from 98 BTC. Cloud-mining: 70 BTC, up from 69 BTC. Total decline: 30 BTC month over month, with a larger impact on self-mining than on cloud-mining.
Broader context: Bitcoin network hashrate has recovered above one zettahash, according to NewsBTC. Increased competition strengthens network security while tightening mining economics for individual operators.
Efficiency and capacity
Average fleet efficiency improved to 16.3 J/TH from 16.7 J/TH. Power capacity under management was 317 MW, compared with 324 MW. Improved efficiency lowers energy per unit of work but does not automatically offset higher difficulty, power prices, financing costs, or changes in Bitcoin’s market price.
Interpreting the metrics
Managed hashrate can include client-owned or third-party machines, not only assets on BitFuFu’s balance sheet. Distinguish: self-owned hashrate, contractual capacity, energy efficiency, coins received, and coins retained. Treasury growth increases Bitcoin exposure but does not reveal cost per BTC or cash requirements to operate the fleet.
What to watch in November
Focus on self-mined output, third-party contribution, installed and energized capacity, average fleet efficiency, and the share of production retained. These unaudited operating metrics do not represent full profitability but show that mining is competitive and that hardware efficiency gains can coincide with lower coin production when difficulty rises.
This article was written by the News Desk and edited by Samuel Rae.
Featured image: Illustrative photograph of Bitcoin mining racks in a data centre at the 2018 Argo Blockchain Mirabel facility. This is a generic mining illustration and does not depict a BitFuFu, IREN, or TeraWulf facility. Photo: MikeBogosian via Wikimedia Commons, licensed under CC BY-SA 4.0.
Authors credited by the source: NewsBTC Editorial Team
Published by Holder based on an external source.
