BitFuFu, a Singapore based cloud mining organisation just crushed it in May, hitting a record-breaking 34.1 EH/s in hashrate and producing 400 Bitcoin, a 91% jump from April. Most of that Bitcoin Production came from its cloud-mining clients, who mined 357 BTC, while the company’s own self-mining operations brought in 43 BTC. This growth followed a full month of new machines that went live in late April, with even more added at the end of May, hinting at another strong month ahead. its total hashrate under management surged 20.5% from April, made up of 4.2 EH/s from self-owned rigs and 29.9 EH/s from partners and customers. The company's mining setup is spread across five continents, operating with a fleet efficiency of 19.1 J/TH and a power capacity of 651 megawatts.
On top of the mining success, BitFuFu resumed Bitcoin sales in May after a four-month break, selling 178 BTC at an average price of $104,000, right around digital gold’s all-time high. This helped boost its balance sheet while keeping operations smooth. They now hold 1,709, slightly down from April, but CEO Leo Lu says the company remains focused on long-term peer-to-peer finance exposure while staying flexible with treasury decisions.
MicroStrategy, Metaplanet and Riot are some of the key competitors when it comes to BTC holdings. MicroStrategy holds 580,955 BTCs, Metaplanet holds 8,888, and Riot Platforms hold 19,225.
If the company wants to surpass Strategy, it would need to buy 579,246 bitcoins, which is a huge gap. Even to come closer to Metaplanet it will need to have 7719.
Their record-breaking performance in May highlights the growing dominance in the Bitcoin sector. Overall, BitFuFu is demonstrating strong operational growth, financial agility, and global reach—solidifying its role as a major player in the evolving crypto mining landscape.
Deepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.