BitFuFu Bitcoin production jumps 22% as self-mining strategy expands

BitFuFu (NASDAQ:FUFU) reported a 22.1% month-over-month increase in its unaudited Bitcoin production for May 2026, driven by a deliberate pivot toward its proprietary self-mining business and stabilized infrastructure conditions across its international footprint.

The Singapore-based digital asset mining and cloud services company produced a total of 177 BTC during the month, up from 145 BTC in April.

Daily Bitcoin production averaged 5.7 BTC, marking an acceleration from the 4.8 BTC daily average recorded in the preceding month.

The operational upswing was heavily anchored by the company's self-mining operations, which generated 90 BTC—nearly tripling the 32 BTC output achieved in April and representing more than half of the company's total monthly volume.

Conversely, cloud mining production assigned to external customers shifted down to 87 BTC from 113 BTC during the same comparative timeframe.

Corporate leadership attributed the expanded productivity to improved site uptime, noting that the higher output was primarily achieved due to the easing of seasonal power curtailments at its core hosting facilities in Ethiopia.

Meanwhile, the company highlighted its structural flexibility to dynamically reallocate hashrate assets between direct self-mining and third-party cloud mining products as a core competitive advantage, allowing management to prioritize high-margin asset accumulation during periods of broader digital currency market consolidation.

The increase in aggregate Bitcoin output occurred despite a reduction in the firm's total operational footprint.

BitFuFu's total hashrate under management declined to 19.5 exahashes per second (EH/s) in May, compared to 22.4 EH/s in April.

This contraction was predominantly driven by a drop in hashrate contribution from third-party suppliers and hosting customers, which fell to 16.3 EH/s from 19.1 EH/s.

Meanwhile, the company’s proprietary, self-owned hashrate remained relatively steady at 3.2 EH/s.

In tandem with the hashrate contraction, the overall power capacity under corporate management decreased by 14.4% month-over-month to 346 megawatts (MW), down from 404 MW in April.

However, the operational efficiency of the remaining energized mining fleet improved during the period.

BitFuFu reported that its average fleet efficiency reached 17.8 joules per terahash (J/TH), down from 18.1 J/TH in the prior month, reflecting the ongoing optimization of hardware resources.