BitFuFu Stays Bullish on Bitcoin Despite April Mining Slowdown

Singapore-based BitFuFu Inc. has reported a slower month for Bitcoin production in April 2026, yet the company continues to expand its Bitcoin treasury and position itself for future growth. The NASDAQ-listed miner produced 145 BTC during the month, down from 214 BTC in March, as temporary operational disruptions and stricter profitability controls weighed on output.

According to the company, a major power outage at its Ethiopia mining facility reduced uptime and affected managed hashrate operations throughout April. At the same time, BitFuFu intentionally reduced exposure to third-party hashrate contracts after deciding that certain agreements no longer met profitability thresholds under prevailing Bitcoin market conditions.

Despite the production decline, BitFuFu maintained its self-owned hashrate at 3.3 EH/s and increased its Bitcoin holdings from 1,794 BTC to 1,812 BTC. CEO Leo Lu described the strategy as a disciplined move focused on long-term sustainability rather than aggressive expansion at any cost. While several mining firms have recently sold Bitcoin reserves to strengthen liquidity, BitFuFu continued accumulating BTC, reinforcing its commitment to Bitcoin as a long-term store of value.

The company’s total hashrate under management fell to 22.4 EH/s, down 13.5% month-over-month, while power capacity decreased to 404 MW. Fleet efficiency also slightly weakened to 18.1 J/TH. Nevertheless, BitFuFu says conditions at the Ethiopia facility improved significantly from May onward, potentially setting the stage for operational recovery in the coming months.

BitFuFu has increasingly positioned itself as more than just a traditional mining company. Through its cloud mining platform and infrastructure services, the firm aims to provide broader access to Bitcoin mining exposure for institutional and retail clients alike. The company believes that maintaining operational flexibility and protecting margins will become increasingly important as mining competition intensifies following the Bitcoin halving cycle.

The update arrives at a time when investors are paying close attention to miners with strong balance sheets and substantial Bitcoin treasuries. With 1,812 BTC on its books, BitFuFu continues to strengthen its position among publicly traded Bitcoin infrastructure companies betting on long-term Bitcoin appreciation.

The post BitFuFu Stays Bullish on Bitcoin Despite April Mining Slowdown appeared first on Bitcoin News Asia.