Ether ETFs Push Green Streak to 14 Days as Outflows Return to Bitcoin ETFs
BitFuFu Hits Record 34.1 EH/s Hashrate as Bitcoin Production Surges in May
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Tom Carreras
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By Tom Carreras, AI Boost|Edited by Stephen Alpher
Jun 4, 2025, 6:12 p.m.
- BitFuFu mined 400 BTC in May, a 91% jump from the previous month.
- Hashrate under management rose to 34.1 EH/s, up 20.5% month-over-month.
- The company sold 178 BTC at an average price of $104,000 to help manage operational costs.
Bitcoin mining firm BitFuFu posted a record-setting month in May, boosting its hashrate under management to 34.1 exahashes per second (EH/s) and producing 400 BTC, up 91% from April.
Most of that production came from cloud-mining clients, who generated 357 BTC, while the remaining 43 BTC came from BitFuFu’s self-mining operations. The increase was largely attributed to a full month’s use of additional machines deployed in late April. More hardware was added at the end of May, setting the stage for potential gains in June.
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Hashrate under management jumped 20.5% from April and now includes 4.2 EH/s of self-owned capacity and 29.9 EH/s sourced from partners and customers. Average fleet efficiency stands at 19.1 joules per terahash, while total power capacity reached 651 megawatts, spread across sites on five continents.
BitFuFu also resumed selling bitcoin in May after a four-month pause, offloading 178 BTC at an average price of $104,000. That move, timed around bitcoin’s all-time high, helped the firm cover expenses and reinforce its balance sheet.
The Singapore-based firm now holds 1,709 BTC, down from 1,908 BTC at the end of April. CEO Leo Lu said BitFuFu remains committed to long-term Bitcoin exposure while maintaining a flexible approach to treasury management.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
