BitFuFu mining company faced paradoxical dynamics in June: bitcoin mining collapsed by almost a third, while its own computing power reached an all-time high. According to my data, the company mined only 125 BTC in a month, which is 29.4% less compared to the previous period.
The key reason for such a sharp decline was the reduction in the total hash rate under BitFuFu's management from 19.5 EH/s to 15.3 EH/s. This decrease is associated with the expiration of a number of cloud mining contracts, which temporarily weakened the total computing power. However, this is where the strategic turn lies: the company's own hash rate soared to a record 3.5 EH/s. This growth became possible thanks to the deployment of 1,200 of the latest Antminer S21 XP ASIC miners.
Against the backdrop of these changes, bitcoin reserves decreased to 1,671 BTC. Part of the accumulated funds was directed to prepay for new capacity totaling 5.3 EH/s, which indicates aggressive expansion. BitFuFu is clearly betting on long-term growth of its own infrastructure, rather than on cloud contracts, which bring short-term liquidity but reduce control over the hash rate.
Analytical conclusion: The 30% drop in mining is not a sign of weakness, but a temporary cost for strategic restructuring. The record own hash rate and prepaid capacity of 5.3 EH/s signal that BitFuFu is preparing for the next growth cycle. In the face of growing competition in mining, such a focus on own assets is a reasonable step that will likely pay off after the halving, when efficiency becomes a key factor for survival.