BitFuFu boosts bitcoin output 55% to 174 BTC in August
- —Self-mining produced 88 BTC, cloud mining 86 BTC versus 40 a month earlier
- —Hashrate under management rose to 20.6 EH/s, with 82% owned by external parties
- —Energy efficiency improved to 16.7 J/TH from 18 J/TH in July
- —The company's treasury grew to 1,373 BTC, valued at about $109 million
Why it matters: Rising output and hashrate amid shrinking post-halving rewards show mining consolidating in favor of large operators.
Source: Crypto Briefing