BitFuFu, CleanSpark Rebound as Canaan Continues Monthly Declines

Publicly traded bitcoin miners BitFuFu and CleanSpark rebounded in August after lower production rates in July, while Canaan continued its trend of monthly declines.

BitFuFu produced 174 BTC during August, up more than 55% from 112 BTC in July. The miner's total hashrate under management jumped 45.1% month over month to 20.6 EH/s after the capacity it secured in June and July started to come online.

CleanSpark's production was a bit more steady, rising around 1% to 593 BTC despite its average operating hashrate slipping slightly to 38.3 EH/s.

Canaan, however, saw its bitcoin production slip for a third consecutive month, falling to 44 BTC from 46 BTC in July and 64 BTC in June.