Singapore-based cryptocurrency miner BitFuFu reported its highest Bitcoin production month to date in June, driven by fleet expansion.
June Performance Breakdown
The company mined a total of 445 Bitcoin (BTC) during June, a significant 11.3% month-on-month increase. Production breakdown:
- 387 BTC from cloud mining operations
- 58 BTC derived from direct self-mining
BitFuFu Chairman and CEO Leo Lu cited the “continued expansion of our mining fleet” as the primary factor for this achievement, calling June “the most productive month of 2025” to date.
Fleet Expansion
In January 2025, BitFuFu secured a two-year agreement with mining hardware manufacturer Bitmain to acquire up to 80,000 mining rigs, supporting this growth trajectory.
Hashrate and Power Capacity
Alongside the production increase, BitFuFu’s operational metrics saw substantial growth:
- Hashrate increased 6.2% MoM to 36.2 exahashes per second (EH/s)
- Power capacity jumped 11.8% MoM to 728 megawatts across operations spanning five continents
Lu also noted a significant expansion of the sources for computing power, with 32.4 EH/s provided by third-party suppliers and hosting partners.
Stock Performance
Shares in BitFuFu (FUFU) closed Monday up 1.16% at $3.48. Analysis of the preceding five days indicated an 8.82% price increase despite muted reaction to the firm’s results.
Analysts suggested investor sentiment appears more focused on near-term market dynamics than company-specific metrics.
Industry Context
Other Bitcoin miners experienced mixed results in June:
- Riot Platforms reported production declines amid Texas power curtailments
- CleanSpark saw hash growth accelerating rapidly month-on-month (145.1%), significantly expanding its BTC holdings
- IREN, despite a slight production decrease, noted revenue growth driven by higher Bitcoin prices
The overall crypto market presented challenges for many miners in the month, with price volatility affecting operational narratives.
