Mining company and cloud-mining provider BitFuFu saw its Bitcoin holdings decline by 357 BTC in July, falling from 1,671 to 1,314 BTC, due to advance payments for 330 days of future hashrate. Total production dropped to 112 BTC from 125 BTC the prior month, with managed hashrate declining to 14.2 EH/s from 15.3 EH/s. Management targets approximately 20 EH/s by mid-August, implying a 41% increase from end-of-July levels. The deal terms, including price, supplier identity, energy costs and cancellation protections, remain undisclosed, making it impossible to assess compliance with the company’s previously stated unit economics standards.
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