Cost of mining with 59k USD, now the coin price barely covers it, and Q2 will face significant pressure.

In April, BitFuFu produced 145 Bitcoins, a 32% decrease from March, mainly due to power outages in Ethiopia and a reduction in third-party computing power. Total managed hash rate decreased 13.5% month-over-month to 22.4 EH/s; third-party computing power fell from 22.6 to 19.1, while the company’s own computing power was 3.3. By the end of April, holdings increased from 1,794 to 1,812 Bitcoins, with an on-chain cash cost for self-mining of approximately $59k per coin. Source: MLion.