BitFuFu Announces May 2026 Bitcoin Production and Operational Updates
Rhea-AI Summary
BitFuFu (NASDAQ:FUFU) reported May 2026 unaudited Bitcoin production and key operating metrics.
- Bitcoin production: 177 BTC, up 22.1% month-over-month
- Self-mining: 90 BTC vs. 32 BTC in April, over half of total output
- Bitcoin held: 1,855 BTC, up 43 BTC
- Total hashrate: 19.5 EH/s vs. 22.4 EH/s in April
- Average fleet efficiency: 17.8 J/TH vs. 18.1 J/TH
- Power capacity under management: 346 MW, a 14.4% month-over-month decrease
The company highlighted flexible allocation between self-mining and cloud mining and attributed higher production mainly to eased power curtailment in Ethiopia.
AI-generated analysis. Not financial advice.
Positive
- Bitcoin production 177 BTC, up 22.1% month-over-month from 145 BTC
- Self-mining output increased to 90 BTC from 32 BTC, now over half of production
- Bitcoin holdings grew to 1,855 BTC, an increase of 43 BTC
- Average fleet efficiency improved to 17.8 J/TH from 18.1 J/TH
Negative
- Total hashrate under management declined to 19.5 EH/s from 22.4 EH/s
- Hashrate from third-party suppliers and hosting customers fell to 16.3 EH/s from 19.1 EH/s
- Total power capacity under management decreased 14.4% month-over-month to 346 MW
- Cloud mining production decreased to 87 BTC from 113 BTC
Key Figures
Market Reality Check
Peers on Argus
FUFU gained 3.64% while peers showed mixed moves: HIVE (+1.28%), AMRK (+2.17%), SWIN (+3.8%) up, but CNCK (-1.71%) down. With no peers in the momentum scanner, this points to a company-specific reaction to the production update rather than a broad sector rotation.
Previous Crypto Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 14 | Monthly crypto update | Negative | -0.5% | April production and power capacity dropped due to Ethiopia power outage impact. |
| Apr 16 | Product/conference news | Positive | +5.9% | Launch of ANTMINER S21 XP hosted mining with competitive pricing and conference presence. |
| Apr 10 | Monthly crypto update | Neutral | -1.0% | March metrics with 214 BTC produced and higher hashrate but some machine disposals. |
| Mar 05 | Monthly crypto update | Positive | -1.1% | February production and holdings solid with net cash and reduced borrowings reported. |
| Feb 05 | Monthly crypto update | Positive | -8.7% | January update showed higher BTC production and improved efficiency, yet shares fell. |
Crypto-tag updates have often seen flat-to-negative next-day moves, even when operational metrics improved.
Recent crypto-tag updates show BitFuFu regularly disclosing detailed production and infrastructure metrics. January 2026 featured 229 BTC produced and 1,796 BTC held, with hashrate at 29.6 EH/s. February and March updates highlighted 227 BTC and 214 BTC production, and hashrate trending down from 26.4 EH/s to 25.9 EH/s. April’s update reported 145 BTC production and 1,812 BTC held after Ethiopia-related power issues. Today’s May metrics continue this series, showing a rebound in production and a shift toward self-mining.
Historical Comparison
In the past five crypto-tag updates, FUFU’s average next-day move was -1.08%, with several negative reactions even on operationally positive news.
Across January–April 2026 crypto updates, BitFuFu’s BTC production trended from 229 BTC down to 145 BTC, while hashrate and power capacity gradually declined and fleet efficiency generally improved. Today’s May report fits into this sequence by showing a recovery in production and greater emphasis on self-mining within a still-reduced hashrate and power footprint.
Regulatory & Risk Context
An effective Form F-3 from November 7, 2025 covers the resale of up to 1,008,000 Class A Ordinary Shares by a selling shareholder. The company states it is not selling any securities under this prospectus and will not receive proceeds from these resales, which go to the selling shareholder.
Market Pulse Summary
This announcement highlights stronger May 2026 production, with total output rising to 177 BTC and self-mining jumping to 90 BTC, while Bitcoin holdings reached 1,855 BTC. At the same time, total hashrate fell to 19.5 EH/s and power capacity to 346 MW, continuing an infrastructure downtrend seen in prior months. Investors may watch how this shift toward self-mining, alongside lower capacity, affects future production and balance-sheet Bitcoin levels.
Key Terms
self-mining technical
cloud mining technical
hashrate technical
EH/s technical
AI-generated analysis. Not financial advice.
SINGAPORE, June 09, 2026 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited Bitcoin production and operational metrics for May 2026.
“In May, BitFuFu delivered strong operational results with total Bitcoin production rising
Our platform's flexibility to dynamically reallocate hashrate between self-mining and cloud mining is a key competitive advantage, and we will continue to deploy it with discipline. As our Bitcoin holdings grow to 1,855 BTC, we remain committed to optimizing asset utilization, maximizing fleet efficiency, and creating lasting value for our shareholders through operational excellence and a strong Bitcoin balance sheet,” said Leo Lu, Chairman and CEO of BitFuFu.
May 2026 Highlights (as of May 31, 2026)
| May 2026 | April 2026 | |
| Bitcoin Held | 1,855 BTC | 1,812 BTC |
| Bitcoin Production | 177 BTC | 145 BTC |
| Daily Bitcoin Production | 5.7 BTC | 4.8 BTC |
| Self-Mining Production | 90 BTC | 32 BTC |
| Cloud Mining Production | 87 BTC | 113 BTC |
| Hashrate | 19.5 EH/s | 22.4 EH/s |
| Self-Owned Hashrate | 3.2 EH/s | 3.3 EH/s |
| Hashrate from Third-Party Suppliers and Hosting Customers | 16.3 EH/s | 19.1 EH/s |
| Average Fleet Efficiency | 17.8 J/TH | 18.1 J/TH |
| Power Capacity | 346 MW | 404 MW |
Bitcoin Holdings and Production:
- Bitcoin Held: 1,855 BTC1, an increase of 43 BTC from April 30, 2026.
- Bitcoin Production: 177 BTC (including 87 BTC from cloud mining and 90 BTC from self-mining), representing a
22.1% month-over-month increase. The increase was primarily attributable to the easing of power curtailment at the mining facilities in Ethiopia, resulting in higher miner uptime and increased Bitcoin production.
Hashrate Overview:
- Total Hashrate Under Management: 19.5 EH/s, compared with 22.4 EH/s in April 2026.
- Self-Owned Hashrate2: 3.2 EH/s.
- Hashrate from Third-Party Suppliers and Hosting Customers2: 16.3 EH/s.
- Average Fleet Efficiency: 17.8 J/TH
Power and Infrastructure:
- Total Power Capacity Under Management: 346 MW, a month-over-month decrease of
14.4% .
About BitFuFu Inc.
BitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling infrastructure, and innovative mining services.
For more information, visit ir.bitfufu.com or follow BitFuFu on X @BitFuFuOfficial.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu’s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor Contact:
BitFuFu Investor Relations
ir@bitfufu.com
Charley Brady
Vice President, Investor Relations:
charley.b@bitfufu.com
Media Contact:
BitFuFu Media Relations
pr@bitfufu.com
____________________________
1 Includes 119 BTC pledged for loans and excludes BTC produced by cloud mining customers.
2 Hashrate may be used for both self-mining and cloud mining.
