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Cryptocurrency News Articles
Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025
Apr 07, 2025 at 01:06 pm
SHANGHAI, April 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced its production update
Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production.
Cango's Bitcoin production in March reached 530.1 Bitcoins, indicating a 12% increase compared to the previous month's output of 472.7 Bitcoins. The average number of Bitcoins produced per day also rose to 17.1, exceeding the previous month's rate of 16.9.
As of the end of March, Cango's total Bitcoins holdings reached 2,474.8, showing an increase from the previous month's holdings of 1,944.7 Bitcoins. The Company's deployed hashrate remained stable at 32 EH/s, whereas the average operating hashrate improved to 30.3 EH/s, compared to February's rate of 29.7 EH/s.
"We are pleased to highlight these positive results as we continue advancing in the cryptocurrency market," remarked Mr. Jiayuan Lin, Chief Executive Officer of Cango. "Our dedication to optimizing our mining capabilities is evident in these figures, and we anticipate further growth in the upcoming months."
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