CleanSpark and BitFuFu Report Lower September Bitcoin Mining Output

According to ME News, on October 16 (UTC+8), Bitcoin mining companies CleanSpark and BitFuFu reported a month-over-month decline in September Bitcoin production, while Canaan’s output remained flat compared to August. CleanSpark mined 529 BTC in September, a nearly 11% decrease from 593 BTC in August; BitFuFu produced 167 BTC, down 4% from 174 BTC in August; Canaan mined 44 BTC, unchanged from August. As of the end of September, CleanSpark held 13,530 BTC, down from 13,703 BTC at the end of August. The company stated it sold 2 BTC on the spot market and exercised call options to sell 700 BTC at an average price of $72,928 per BTC. CleanSpark also announced it will discontinue monthly mining updates and transition to quarterly reporting to focus more resources on its rapidly expanding data center business. Last week, the company completed a $2.276 billion senior secured note offering to fund the construction of the Sandersville data center campus in Georgia, expected to generate approximately $6.6 billion in revenue. CleanSpark’s stock, CLSK, closed at $8.76 on Thursday, down more than 24% year-to-date. BitFuFu’s self-mined output rose to 98 BTC in September from 88 BTC in August, an increase of over 11%, while its cloud mining output declined from 86 BTC to 69 BTC, a drop of nearly 20%. Its Bitcoin holdings increased slightly to 1,388 BTC. (Source: ChainCatcher)