Bitcoin Miner May Output Diverges as AI Computing and Bitcoin Mining Competition Intensifies

CoinFeed June 18 news, according to The Block, Bitdeer, BitFuFu, Canaan and CleanSpark released unaudited May production data, mining a total of 1,859 BTC. Bitdeer self-mined 921 BTC, a year-on-year increase of 370%, but held only 171 BTC, having sold heavily over the past year to fund AI Cloud construction, with related annualized revenue of about $69 million and slowing growth. BitFuFu, amid declining total hashrate and partial power curtailment, saw self-mining output rise to 90 BTC, surpassing cloud mining for the first time. Canaan added 114 BTC from self-mining and hosting combined, with inventory rising to 1,867 BTC and 3,952 ETH, and is advancing a 'hashrate heating' project.