BitFuFu, a Bitcoin mining and cloud‑mining provider, reported that its Bitcoin holdings fell by 357 BTC in July while production and managed hashrate also declined. The July operating update filed with the SEC showed holdings at 1,314 BTC on July 31, down from 1,671 BTC a month earlier. Production dropped to 112 BTC from 125 BTC, and average daily output fell to 3.6 BTC from 4.2 BTC. Total managed hashrate decreased to 14.2 EH/s from 15.3 EH/s, with third‑party and hosting contributions falling to 10.6 EH/s and self‑owned hashrate rising to 3.6 EH/s. BitFuFu said the decline was primarily attributable to advance payments for 330 days of future hashrate. It added that reaching about 20 EH/s by mid‑August would indicate that the planned capacity arrived on schedule, though it cautioned that this alone does not confirm recovery of production or adherence to earlier unit‑economics standards. The July filing did not disclose the price of the capacity purchase, the identity of the supplier, or specific terms such as energy costs, uptime requirements, or cancellation protections. It also did not reconcile the new capacity with existing self‑mining, sales, or transfers, making it unclear whether the 357 BTC reduction reflects a sale of Bitcoin or the cost of the capacity arrangement. The company previously indicated it would avoid hashrate growth that jeopardized unit economics, a standard that the undisclosed deal cannot be evaluated against. Additional disclosures about a 44 BTC pledge for loans and miner‑procurement payables, down from 54 BTC in June, were also not explained. The firm expects that securing capacity in June and July will restore total managed hashrate toward the 20 EH/s target, representing an increase of roughly 5.8 EH/s or 41 percent over the July baseline if other factors remain unchanged. The adequacy of the capacity purchase and its impact on BitFuFu's treasury and unit economics remain uncertain pending further contract details and operational disclosures.