<ul><li>BitFuFu Inc., a cloud mining company funded by Bitmain, has faced challenges in its Bitcoin mining operations in Q3 2024.</li><li>The average cost to mine one Bitcoin has surged to $59,452, a significant increase compared to Q3 2023.</li><li>BitFuFu's self-mining output declined by 34% and cloud mining output dropped by 40% in Q3 2024.</li><li>To address these challenges, BitFuFu has acquired an 80-MW Bitcoin mining plant in Ethiopia to reduce expenses and increase mining capacity.</li></ul>

BitFuFu Faces Rising Bitcoin Mining Costs and Falling Output

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