Cango Inc. Declares Growth in Crypto Mining Performance
Cango Inc. Declares Growth in Crypto Mining Performance
Cango Inc. (NYSE: CANG), a key player in the cryptocurrency mining sector, has released its production update for June 2025, showcasing notable growth in its operations and overall performance. This announcement highlights the company's ongoing commitment to amplifying its mining capabilities.
Bitcoin Mining Insights for June 2025
In June 2025, Cango Inc. produced a total of 450 Bitcoins, a slight decrease from the 484.5 Bitcoins produced in May. The average daily Bitcoin production decreased to 15.00 Bitcoins per day, down from 15.63 in May. However, it's essential to note the substantial progress Cango has made, as they have also increased their total Bitcoins held to 3,879.2, compared to 3,429.3 in the previous month.
Operational Hashrate Updates
The company reported a deployed hashrate of 32 EH/s, remaining stable from the previous month. Furthermore, the average operating hashrate showed a slight increase to 29.92 EH/s in June, compared to 29.86 EH/s in May. This consistency in hashrate indicates the company's commitment to maintaining operational efficiency.
Strategic Developments
Cango has successfully completed the acquisition of additional crypto mining machines as of June 27, 2025, increasing its total hashrate to an impressive 50 EH/s. This acquisition aligns with the company's growth strategy, focusing on enhancing its mining capacity and maximizing production potential.
About Cango Inc.
Cango Inc. (NYSE: CANG) is primarily involved in Bitcoin mining with operations strategically located in regions such as North America, the Middle East, South America, and East Africa. The company ventured into the crypto asset space in November 2024, emphasizing its dedication to diversifying its business portfolio amidst increasing digital asset adoption.
In conjunction with its mining operations, Cango Inc. continues to operate an online international used car export platform, facilitating the connection between global customers and high-quality vehicles from China.
Investor Relations
For investors seeking more information, Yihe Liu from Cango Inc. is available to address inquiries. Investors can contact Cango at +86 21 3183 5088 ext. 5581 for insights into the company's performance and future direction.
Frequently Asked Questions
What was the total Bitcoin production in June 2025 for Cango Inc.?
Cango Inc. produced a total of 450 Bitcoins in June 2025.
How does the production in June compare to May?
In May, Cango produced 484.5 Bitcoins, reflecting a slight decrease in production in June.
What was the average daily Bitcoin production in June?
The average daily Bitcoin production in June 2025 was 15.00 Bitcoins.
What is the total number of Bitcoins currently held by Cango Inc.?
Cango Inc. currently holds 3,879.2 Bitcoins as of June 2025.
How has the company's hashrate changed?
The deployed hashrate remains at 32 EH/s, while the average operating hashrate slightly increased to 29.92 EH/s in June.
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