BitFuFu Sees 55.4% Production Rebound in August, But New Coins Not Returning to Treasury

BitFuFu, a Bitcoin miner and cloud-mining provider, saw its August production rebound by 55.4% as more capacity came online.

The increase was largely due to cloud-mining customers, who accounted for about three quarters of the extra output.

The company's Bitcoin holdings rose by 59 BTC, or $78,231 at current prices, to a total of 1,373 BTC in August. However, this growth is not entirely reflected in the company's treasury, as new coins produced through cloud-mining are excluded from its holdings.

Self-mining output also contributed to the increase, rising by 16 BTC and adding to the company's overall production.