Publicly listed Bitcoin miners CleanSpark and BitFuFu reported lower Bitcoin production in September versus August, while Canaan’s output was unchanged, according to The Block. CleanSpark mined 529 BTC in September, down from 593 BTC a month earlier, and BitFuFu produced 167 BTC, compared with 174 BTC in August. Canaan mined 44 BTC, the same as in August.
CleanSpark said its Bitcoin holdings stood at 13,530 BTC at the end of September, down from 13,703 BTC at the end of August. The company said it sold 2 BTC in the spot market and sold 700 BTC at an average price of $72,928 per coin through the exercise of call options. It also said it will stop issuing monthly mining updates and move to quarterly reporting as it shifts more attention to its expanding data center business.
Last week, CleanSpark completed a $2.276 billion senior secured notes offering to fund construction of its data center campus in Sandersville, Georgia, which the company expects to generate about $6.6 billion in revenue. CleanSpark shares, traded under CLSK, closed at $8.76 on Thursday and were down more than 24% year to date. BitFuFu said self-mining output rose to 98 BTC from 88 BTC, while cloud-mining output fell to 69 BTC from 86 BTC, and its Bitcoin holdings edged up to 1,388 BTC.
Publicly listed Bitcoin miners CleanSpark and BitFuFu reported lower Bitcoin production in September compared with August, while Canaan’s output was unchanged, according to The Block.
September output across the three miners
CleanSpark mined 529 BTC in September, down nearly 11% from 593 BTC in August. BitFuFu produced 167 BTC, down 4% from 174 BTC a month earlier. Canaan mined 44 BTC, unchanged from August.
CleanSpark disclosed lower holdings and Bitcoin sales
As of the end of September, CleanSpark held 13,530 BTC, down from 13,703 BTC at the end of August. The company said it sold 2 BTC in the spot market and sold 700 BTC through the exercise of call options at an average price of $72,928 per coin.
Shift to quarterly reporting and data center expansion
CleanSpark also said it will stop publishing monthly mining updates and switch to quarterly reports, saying it wants to direct more attention to its expanding data center business.
Last week, the company completed a $2.276 billion senior secured notes offering to help fund construction of its data center campus in Sandersville, Georgia. CleanSpark said the campus is expected to generate about $6.6 billion in revenue.
Share price and BitFuFu segment performance
CleanSpark shares, traded under CLSK, closed at $8.76 on Thursday and were down more than 24% for the year.
At BitFuFu, self-mining output rose to 98 BTC in September from 88 BTC in August, an increase of more than 11%. Cloud-mining output fell from 86 BTC to 69 BTC, a drop of nearly 20%. Its Bitcoin holdings edged up to 1,388 BTC.
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