BitFuFu’s Self-Mining Output Decreases by 34% to 340 BTC in Q3

BitFuFu has reported a 34% decrease in its self-mining bitcoin output in the third quarter of 2024. Production declined from 515 BTC last year to 340 BTC.

The reduction in output is attributed to rising operational costs and increased mining difficulty. Despite this, income from self-mining rose by 40.4%, due to the higher price of bitcoin.

The company plans to optimize its mining operations and invest in more efficient equipment to restore production volumes.