Bitcoin miner burns through millions in BTC to buy compute, but new coins are not returning to treasury
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BitFuFu Bitcoin production rises 55%, reserves lag - Invest In Crypto News
BitFuFu, a Bitcoin miner and cloud-mining provider, reported a 55.4% rebound in August production as additional capacity came online. Cloud-mining customers accounted for about three quarters of the extra output, while the company’s Bitcoin holdings increased by 59 BTC. The unaudited Sept. 3 operating update put total production at 174 BTC, up from 112 BTC […]
BitFuFu increased its production of Bitcoin by 55.4% in August thanks to greater mining capacity, but the recovery of its treasury was much more moderate. The company closed the month with 1,373 BTC, still 298 BTC below June, while cloud mining contributed most of the growth and its shareholders still do not know the return of the expansion financed with Bitcoin.
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