Crypto Kings Strike Gold

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It is a truth universally acknowledged, that a single Bitcoin miner in possession of a good fortune, must be in want of a worthy investment. And so, dear reader, we find ourselves in the midst of a most thrilling tale, as Singapore-based cloud Bitcoin miner BitFuFu logs its most significant production month for the year 🚀.

With an expanded mining fleet, BitFuFu has managed to mine a whopping 445 Bitcoin in June, representing an 11.3% month-over-month increase for the firm 📈. Of this impressive haul, 387 Bitcoin came from cloud mining, while 58 were the result of self-mining 💻.

Leo Lu, chairman and CEO of BitFuFu, was over the moon with the results, declaring June to be the company’s “most productive month of 2025” 🎉. He attributed this success to the “continued expansion of our mining fleet,” which, one can only assume, is a most excellent strategy 🤓.

But, dear reader, this is not the only exciting development in the world of BitFuFu. In January, the company signed a two-year agreement with mining hardware giant Bitmain to purchase up to 80,000 Bitcoin miners 🤯. One can only imagine the possibilities that such a partnership might bring 🤔.

As it stands, BitFuFu currently holds 1,792 Bitcoin, a sum worth over $193 million 💸. While this may seem a paltry amount compared to the top mining firm, MARA Holdings, which holds a staggering 50,000 Bitcoin, it is still a most respectable haul 👏.

A Hashrate of Epic Proportions

But, dear reader, the excitement does not end there. BitFuFu’s hashrate has also increased by 6.2% month-over-month to 36.2 exa hash per second (EH/s) 🚀. This, one can only assume, is a most impressive feat of computational power 💻.

And, if that were not enough, the company’s power capacity has also increased by 11.8% month-over-month to hit 728 megawatts across five continents 🌎. One can only imagine the possibilities that such a vast and powerful network might bring 🤔.

“Reaching record levels of 36.2 EH/s in hashrate and 728 MW in power capacity, we’re proud of the strong operational momentum in the first half of the year, which reflects our ability to scale effectively and execute with discipline,” Lu said, with a most becoming modesty 😊.

A Slight Bump in the Road

Shares in BitFuFu (FUFU) closed the Monday trading session up 1.16% at $3.48 📈. While this may seem a small increase, it is still a most welcome development for investors 👏.

In January, BitFuFu shares surged 13% to $5.60 due to the two-year agreement with mining hardware giant Bitmain 🤯. One can only hope that such success will continue in the future 🤞.

Meanwhile, other miners’ stocks surged in the lead-up to US markets closing early last Thursday ahead of the Independence Day holiday weekend 🎉. Shares of Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT8), MARA Holdings (MARA), and Bitfarms (BITF) spiked between 13% and 28% in the last four sessions leading up to the break 📈.

A Mixed Bag for Bitcoin Miners

But, dear reader, not all Bitcoin mining firms were as fortunate as BitFuFu. Several reported lowered Bitcoin production in June, mainly due to power curtailment in Texas ⚡️. Riot Platforms, for example, reported a 12% decline in May 📉.

Australian-based Bitcoin miner IREN, on the other hand, had a record-breaking month, with revenues reaching 68 million Australian dollars ($44 million) 🎉. This, one can only assume, is a most excellent development for the company 👏.

IREN mined 620 Bitcoin compared to 627 in May, and its hashrate averaged 41.1 EH/s compared to last month’s 38.4 EH/s 🚀. One can only hope that such success will continue in the future 🤞.

Meanwhile, CleanSpark posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity 🤯. It mined 685 Bitcoin, up from 445 in June 2024 📈.

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2025-07-08 09:32