BitFuFu Production Strategy Update
BitFuFu Reports June Bitcoin Production Decline Amid Strategic Hashrate Expansion Plans
Anonymous
Key Points
1
Supplier hashrate under management declined to 11.8 EH/s in June from 16.3 EH/s in May, helping drive the total hashrate under management down to 15.3 EH/s.
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BitFuFu's stock was trading around $1.44 per share and near its 52-week low (about $1.31), with InvestingPro suggesting the stock may be undervalued at current levels.
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Total power capacity under management stood at 273 MW in June, down from 346 MW in May, as BitFuFu continues expanding while constraining capacity growth.
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BitFuFu disclosed a share repurchase program as part of its disciplined capital allocation strategy.
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June daily bitcoin production averaged 4.2 BTC, with 70 BTC from self-mining and 55 BTC from cloud mining, contributing to the 125 BTC produced in June.
BitFuFu Inc. (NASDAQ: FUFU) produced 125 Bitcoin in June 2026, a 29.4% drop from May, as total hashrate under management fell from 19.5 EH/s to 15.3 EH/s, according to Goldea Capital. The Singapore-based miner held 1,671 BTC on June 30, down from 1,855 BTC in May, driven by client receipts and upfront payments for future hashrate.
Despite the production dip, BitFuFu expanded its self-owned hashrate to 3.5 EH/s after deploying 1,200 Antminer S21 XP units. The company also secured 5.3 EH/s of new supplier hashrate under a nine-month agreement starting in August 2026, signaling a push to rebuild capacity, TipRanks reported.
Supplier Hashrate Collapse Drove June Production Down
The biggest drag on June output was a sharp drop in supplier hashrate. Supplier hashrate under management fell from 16.3 EH/s in May to 11.8 EH/s in June, according to Investing.com. That single decline accounts for most of the 4.2 EH/s lost across the total fleet. Total power capacity under management also fell, from 346 MW in May to 273 MW in June.
Daily Bitcoin production averaged 4.2 BTC in June. Of the 125 BTC produced, 70 BTC came from self-mining and 55 BTC came from cloud mining, Head Topics reported. The company's average fleet efficiency stood at 17.9 joules per terahash, a measure of how much energy each machine uses to mine.
BitFuFu Deploys New Miners, Eyes August Capacity Boost
BitFuFu is actively rebuilding its mining footprint. The company deployed 1,200 S21 XP miners in June, pushing self-owned hashrate up to 3.5 EH/s, TipRanks reported. It also signed deals to deploy 2,000 more S21 XP units in July. Each S21 XP is among the most energy-efficient miners on the market.
Looking further ahead, BitFuFu secured 5.3 EH/s of supplier hashrate under a nine-month agreement starting in August 2026, according to Goldea Capital. That deal alone could more than offset the supplier hashrate lost in June. The company did not disclose the cost or counterparty of the agreement.
Stock Near 52-Week Low as Investors Weigh Undervaluation
BitFuFu shares were trading around $1.44, close to their 52-week low of $1.31, according to Investing.com. InvestingPro flagged the stock as potentially undervalued at current levels. The company listed on the Nasdaq under the ticker FUFU and is based in Singapore.
BitFuFu also disclosed a share repurchase program as part of what it calls disciplined capital allocation. The program signals management confidence in the stock at these prices. No specific buyback size or timeline was disclosed in the June production update.
Long-Term Strategy Bets on Owned and Supplier Hashrate Mix
BitFuFu's model blends self-mining with cloud mining services for clients. Self-mining gives the company direct Bitcoin exposure. Cloud mining brings in recurring revenue from clients who pay upfront for hashrate access. The June BTC holdings drop reflects those client payments flowing in, Goldea Capital noted.
The company is doubling down on infrastructure investment and scaling. With new miner deployments in July and a major supplier hashrate deal kicking in August, BitFuFu is positioning for a stronger second half of 2026. Whether the stock reflects that recovery remains to be seen, TipRanks reported.
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