BitFuFu Restores Mining Capacity as Second-Quarter Revenue Falls 63%

BitFuFu restored much of its managed Bitcoin-mining capacity in August, but the rebound followed a difficult second quarter marked by sharply lower revenue and a net loss. The company’s managed hashrate reached 20.6 exahashes per second as of Aug. 31, up 45.1% from 14.2 EH/s a month earlier. BitFuFu produced 174 Bitcoin (BTC) during August, consisting of 88 BTC from self-mining and 86 BTC from cloud mining. Production increased 55.4% month over month. Fleet efficiency also improved.