October 13th 2026, 10:01 PM
BitFuFu's Bitcoin Output Drops, Acquisition Uncertainty Lingers
Key Summary
BitFuFu's September Bitcoin output fell to 167 BTC, down 4% from August, while its holdings rose to 1,388. The company's acquisition of an Ethiopian mining facility remains uncertain due to a contractual dispute with the power supplier, which could impact production and operations.
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Recent Bitcoin Output
BitFuFu mined 167 bitcoin in September, 4% fewer than in August, and warned of a 'material risk' that its proposed acquisition of an Ethiopian mining facility may not close.Holdings and Hashrate
The company's holdings rose by 15 bitcoin to 1,388 as of Sept. 30. Hashrate under management slipped to 19.4 EH/s from 20.6 EH/s.Acquisition Uncertainty
Under an agreement signed in October 2024, BitFuFu is seeking to acquire a majority stake in an Ethiopian company that operates an 80-megawatt mining facility. The deal has not closed, and not all of its conditions have been met or waived.Power Supply Dispute
The company recently learned that the target is in a contractual dispute with its power supplier, to which BitFuFu is not a party. On Sept. 28, the supplier warned it would seize the target's collateralized equipment and assets if payment was not made within 10 days.#Bitcoin#Singapore#Ethiopia#FUFU