Finance

BitFuFu’s Bitcoin Production Dips 19% in September: What’s Behind the Mining Shift?

BitFuFu’s Bitcoin mining dropped 19% in September. Hashrate increased, holdings grew, and users expanded.

October 6, 2025, 4:06 PM

The BitFuFu logo is displayed on a smartphone screen with a blurred stock chart background. By PJ McDonnell / Shutterstock.com.

Executive Summary

BitFuFu reported a 19% month-over-month decrease in Bitcoin production for September, mining 329 BTC compared to 408 BTC in August.

Despite the production dip, the company’s total hashrate under management increased by 1.1% to 36 EH/s, and its average fleet efficiency improved to 17.3 J/TH.

BitFuFu’s Bitcoin holdings grew to 1,959 BTC, and its cloud mining registered user base expanded to 641,526 by the end of September.

The Story So Far

BitFuFu’s decline in Bitcoin production for September, despite an increase in its total hashrate under management and improved fleet efficiency, was primarily influenced by a marginal decrease in total power capacity under management, which the company attributed to ongoing site optimizations.

Why This Matters

BitFuFu’s notable 19% month-over-month decline in Bitcoin production for September, despite an increase in managed hashrate and improved fleet efficiency, signals a potential challenge in raw output that could affect immediate revenue generation from mining. However, the firm’s continued strategy of accumulating Bitcoin and expanding its cloud mining user base suggests a long-term focus on asset growth and sustained demand for its services, presenting a mixed operational landscape for investors to consider.

Who Thinks What?

BitFuFu experienced a significant decline in its Bitcoin production for September, mining 329 BTC, which is a 19% month-over-month decrease from August.

Conversely, the company saw an increase in its total hashrate under management, improved average fleet efficiency, grew its Bitcoin holdings to 1,959 BTC, and expanded its cloud mining user base to over 641,000.

Cryptocurrency mining firm BitFuFu (FUFU) reported a significant decrease in its Bitcoin production for September, mining 329 BTC. This figure represents a 19% month-over-month decline from the 408 BTC produced in August, according to its latest production update released on October 6, 2025.

Operational Performance

On average, BitFuFu produced 11 BTC daily throughout September, a decrease from the approximately 13.2 BTC mined per day in August. This marks a notable shift in the company’s monthly output.

Despite the dip in production, the company saw its total hashrate under management increase by 1.1% to 36 EH/s in September, up from 35.6 EH/s at the end of August. BitFuFu’s self-owned hashrate remained stable at 5.0 EH/s during the same period.

BitFuFu also reported a slight improvement in its average fleet efficiency, reaching 17.3 J/TH in September, an improvement from 17.5 J/TH in August. Total power capacity under management experienced a marginal decrease of 0.6% month-over-month, settling at 624 MW, attributed to ongoing site optimizations.

Financial Position and User Growth

Concurrently, the firm’s Bitcoin holdings grew to 1,959 BTC as of September 30, an increase of 60 BTC from the end of August. This indicates a continued strategy of accumulating mined assets.

The company’s cloud mining segment continued to expand its user base, with registered users reaching 641,526 by the end of September. This growth highlights the ongoing demand for its cloud mining services.

Key Takeaways

BitFuFu’s September update reveals a mixed operational landscape, characterized by declining Bitcoin production alongside improvements in managed hashrate and fleet efficiency. The company maintained its strategy of accumulating Bitcoin while expanding its cloud mining user base.