BitFuFu Inc. Shrugs Off Soft Bitcoin Mining Environment with Cloud Mining Business.

BitFuFu Inc. (FUFU) produced 227 Bitcoin in February, down from 229 in January due to an 11% month-over-month decline in its hash rate to 26.4 exahash per second. The company held 1,830 Bitcoins in its treasury and exited February with $40 million in cash and cash equivalents. CEO Leo Lu stated that they maintain a disciplined approach to hashrate procurement and continue to generate positive cash flow from their cloud mining business.