BitFuFu’s September Bitcoin Output Falls Amid Ethiopia Power Dispute

BitFuFu’s Bitcoin mining output fell in September as a dispute over electricity supply delayed its proposed Ethiopian acquisition, while Canaan held production steady and expanded heat reuse. BitFuFu produced 167 BTC, compared with 174 BTC in August. Its own mining operations generated 98 BTC, up from 88 BTC, while cloud-mining output declined to 69 BTC from 86 BTC. The company’s managed computing power fell to 19.4 exahashes per second. The proposed acquisition of an Ethiopian mining operation remains incomplete amid a dispute involving the site’s electricity supplier. BitFuFu has paid $4.1 million and deployed about 13,700 machines at the site, leaving the project’s status tied to the unresolved power issue. Canaan mined 44 BTC in September, matching its August output.

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