Nasdaq-listed Bitcoin miner BitFuFu reported producing 214 BTC in March, while selling 80 BTC from its treasury. Total holdings now stand at 1,794 BTC, valued at approximately $131 million.
Company CEO Leo Lu stated the sale aligns with its balance sheet management strategy, emphasizing a long-term objective to increase Bitcoin holdings. BitFuFu remains among the world's largest public companies holding BTC.
Operationally, BitFuFu's total hashrate slightly decreased to 25.9 EH/s and power capacity to 457 MW as older equipment was retired. Cloud mining contributed 171 BTC to the month's production, with the platform positioned to leverage market dynamics.
"We plan to refresh this capacity over time with newer, more energy-efficient equipment," Lu added. "Month-to-month changes in hashrate from third-party suppliers and hosting customers were immaterial and consistent with normal operating variability."