BitFuFu's May Operations Signal Strong Momentum: Production Surges 91.4% as Mining Capacity Hits New Peak

BitFuFu has just unveiled its May 2025 operational metrics, and the numbers paint a picture of accelerating growth in the Bitcoin mining sector. The company’s hashrate under management climbed to 34.1 EH/s—a 20.5% monthly jump—while total power infrastructure expanded to 651 MW distributed across five continents.

Production Breakthrough: 400 BTC Mined in May

The standout headline is Bitcoin production’s explosive growth: BitFuFu generated 400 BTC throughout May, representing a 91.4% month-over-month surge. This production haul comprised 357 BTC from cloud mining operations and 43 BTC from self-mining activities. According to Leo Lu, CEO of BitFuFu, the significant jump stems directly from the hashrate additions procured in late April, which delivered a full month’s impact during May. The company anticipates an even stronger June performance as newly acquired capacity from late May operates through the entire month.

Scaling Infrastructure to Meet Demand

The expansion across all operational dimensions reflects BitFuFu’s response to persistent market demand for cloud mining services. The hashrate growth was predominantly driven by S21 series miners sourced from suppliers. Self-owned hashrate reached 4.2 EH/s, while third-party supplier and hosting operations accounted for 29.9 EH/s of the total 34.1 EH/s capacity. The fleet maintained an average efficiency rating of 19.1 J/TH, a metric that underscores operational optimization.

The power infrastructure expansion—up 15% month-over-month to 651 MW—demonstrates the company’s commitment to supporting this enlarged mining footprint globally.

Liquidity Management and Bitcoin Holdings

On the treasury side, BitFuFu took strategic action after a four-month period of suspending Bitcoin sales. The company executed opportunistic sales of 178 BTC at an average price of $104,000 during May’s market peak. These sales addressed operational expenses and strengthened balance sheet liquidity while maintaining a substantial Bitcoin reserve of 1,709 BTC as of May 31. This mix of growth investment and disciplined capital management suggests a balanced approach to long-term value creation.

Growing User Base and Market Position

Cloud mining adoption continues its upward trajectory, with 615,559 registered users now utilizing BitFuFu’s platform. This expanding user base, combined with the infrastructure investments, positions the company at the forefront of mining services innovation as Bitcoin’s network activity evolves.