Bitcoin Miner BitFuFu Mined 400 BTC in May, Up 91.4% MoM

BitFuFu, a Bitcoin mining company based in Singapore, achieved a notable monthly production in May, generating 400 BTC. This marked a 91.4% increase compared to April. The sharp rise came after a full month of operation from mining machines deployed in late April.

Of the 400 BTC mined, 357 BTC came from cloud mining clients, while 43 BTC were produced through BitFuFu’s mining efforts. More hardware was installed at the end of May, setting the stage for possible further increases in June.

BitFuFu Expands Mining Operations

BitFuFu’s total managed hashrate in May rose by 20.5% from April figures, reaching 34.1 exahashes per second (EH/s). This includes 4.2 EH/s in BitFuFu-owned machines and 29.9 EH/s managed for partners and users. The company maintains an average fleet efficiency of 19.1 joules per terahash, with a power supply of 651 megawatts spread across mining sites on five continents.

As part of its effort to scale infrastructure and broaden accessibility, BitFuFu’s cloud mining platform also continued to grow. By the end of May, it had 615,559 registered users. The company says its goal remains to support the global Bitcoin network by expanding its mining capacity and offering user-friendly cloud-based services.

On the financial front, BitFuFu resumed bitcoin sales in May after a four-month pause. The company sold 178 BTC at an average price of $104,000, capitalizing on bitcoin’s all-time high. Proceeds helped manage operating costs and strengthen its financial position.

As a result of the sale, BitFuFu’s Bitcoin reserves dropped from 1,908 BTC in April to 1,709 BTC in May. Despite this reduction, CEO Leo Lu emphasized that the company remains committed to long-term bitcoin holdings while maintaining a flexible treasury strategy.

MARA Hits Record Monthly BTC Output

In a related move, publicly traded bitcoin mining company MARA Holdings announced it mined 950 BTC in May 2025. This brought its total holdings to 49,179 BTC, marking the highest monthly output since the April 2024 Bitcoin halving.

Moreover, this figure represents a 35% increase from April, when the company mined 706 BTC without selling any. Notably, MARA has continued to hold all of its BTC, unlike some competitors who have sold portions of their reserves.

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