BitFuFu mined fewer bitcoins in October despite a steady hashrate
BitFuFu mined 137 BTC in October, down from 167 in September, while managed hashrate held near 19.5 EH/s. The company linked the drop partly to network difficulty, according to NewsBTC.
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what happened
According to NewsBTC, BitFuFu reported on November 6 that it mined 137 BTC in October, compared with 167 BTC in September. Its managed hashrate barely changed, at 19.5 EH/s against 19.4 EH/s a month earlier. The company partly blamed the decline on Bitcoin network difficulty, which rose about 11.8% during the month, from 132.76 trillion to 148.36 trillion.
The split inside the business shows a more uneven picture. Self-mined output fell from 98 BTC to 67 BTC, while cloud-mining output was nearly flat at 70 BTC versus 69 BTC. Average fleet efficiency improved to 16.3 joules per terahash from 16.7, and power capacity under management dipped to 317 MW from 324 MW. Bitcoin held at month-end rose to 1,454 from 1,388.
why it matters
When difficulty climbs, the same computing power wins a smaller share of block rewards, so miners earn fewer coins even if their fleets stay unchanged. Power costs, equipment efficiency, financing and the Bitcoin price all shape whether that squeeze is manageable. Better efficiency, as BitFuFu reported, softens the effect but does not cancel it. A growing coin balance says little about the cost of producing each BTC.
market impact
Bitcoin miners: rising network difficulty cuts output for the same hashrate
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on polymarket
sources
- BitFuFu’s October Bitcoin Mining Output Falls Despite Steady Hashrate — newsbtc.com, 7 November 2026 at 15:00 UTC
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