TL;DR
- CleanSpark, BitFuFu and Canaan all reported lower Bitcoin production in July, extending a second straight month of declines.
- CleanSpark mined 586 BTC, BitFuFu produced 112 BTC and Canaan delivered 46 BTC.
- BitFuFu’s self-mining segment still grew, while CleanSpark expanded its data-center strategy and Canaan continued stabilizing operations affected by wildfire disruptions.
Bitcoin mining output declined again in July at CleanSpark, BitFuFu and Canaan, despite a recovery in Bitcoin’s price after June’s sharp selloff. The figures show how mining performance remains tied to operating hashrate, infrastructure conditions and the changing economics of securing the network.
CleanSpark produced 586 BTC in July, down about 5% from 614 BTC in June. Its average operating hashrate declined roughly 9%, while average daily production stood near 18.9 BTC. The company ended the month with 13,931 BTC, giving it one of the larger Bitcoin treasuries among publicly traded miners.
BitFuFu mined 112 BTC, compared with 125 BTC in June. Its total managed hashrate fell about 7%, but the company’s self-mining business moved in the opposite direction. Self-mining production increased to 72 BTC from 70 BTC, while cloud-mining output dropped to 40 BTC from 55 BTC.
Bitcoin Mining Output Faces Different Operational Pressures
BitFuFu also used part of its Bitcoin holdings for advance payments tied to future hashrate capacity. Its treasury consequently declined to 1,314 BTC from 1,671 BTC. The move illustrates how miners can deploy digital assets to secure future computing capacity rather than simply sell them into the market.
Canaan recorded the largest production decline, mining 46 BTC in July versus 64 BTC in June. The company said its joint-venture mining operations continued to stabilize after wildfire disruptions at its Alborz site in Texas. Canaan finished July with 1,917 BTC and 3,952 ETH on its balance sheet.
Mining Companies Expand Beyond Bitcoin Production
The three companies also show different strategies for navigating the mining cycle. CleanSpark has increasingly positioned its infrastructure as part of a broader data-center business. In July, it signed a reported $6.6 billion, 20-year lease with an unnamed technology company for its Sandersville, Georgia, campus, adding another potential revenue source alongside Bitcoin mining.
Stock performance has also diverged sharply. CleanSpark remained positive year to date, while BitFuFu and Canaan recorded declines of more than 50% and 70%, respectively. These moves reflect how investors are evaluating miners not only by monthly Bitcoin production, but also by treasury management, infrastructure expansion, capital requirements and exposure to Bitcoin prices.
