INSUBCONTINENT EXCLUSIVE:
Singapore-based cloud Bitcoin miner BitFuFu has logged its most significant production month for the year, attributed to an expanded mining
It said that 387 Bitcoin (BTC) came from cloud mining and 58 from self-mining.Leo Lu, chairman and CEO of BitFuFu, said June has been its
currently worth over $193 million
In comparison, the top mining firm, MARA Holdings, holds 50,000 Bitcoin, while No
hashrate also increased 6.2% month-over-month to 36.2 exa hash per second (EH/s), a measurement of computational power, with 32.4 EH/s
Its stock price has risen 8.82% in the last five days.In January, BitFuFu shares surged 13% to $5.60 due to the two-year agreement with
Independence Day holiday weekend.Shares of Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT8), MARA Holdings (MARA), and Bitfarms
mining firms reported lowered Bitcoin production in June, mainly due to power curtailment in Texas, with Riot Platforms reporting a 12%
million), driven by higher Bitcoin prices that offset the decline in production caused by a shorter month in June, the firm said on
Monday.Related: Bitcoin miners gambled on AI last year, and it paid offIREN mined 620 Bitcoin compared to 627 in May, and its hashrate
EH/s a year earlier, representing a 145.1% jump in mining capacity
It mined 685 Bitcoin, up from 445 in June 2024.Magazine: Fake JD stablecoins, scammers impersonate Solana devs: Asia Express
