Cango Inc. Announces January 2025 Production Update for Crypto Mining Business
SHANGHAI, Feb. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in January 2025.
Bitcoin Mining Update for January 2025
|
Metrics |
Jan 20251 |
Dec 20242 |
|
Number of Bitcoins produced |
538.2 |
569.9 |
|
Average number of Bitcoins produced per day |
17.4 |
18.4 |
|
Total number of Bitcoins held2 |
1,472.0 |
933.8 |
|
Total number of Bitcoins sold2 |
- |
- |
|
Deployed hashrate2 |
32 EH/s |
32 EH/s |
|
Average operating hashrate3 |
30.1 EH/s |
30.4 EH/s |
1. Unaudited, estimated.
2. As of month-end.
3. Average over the month.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products and services centering on used car trading and exporting. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers' car purchase service platform of choice. In recent years, Cango has diversified its business operations and expanded its operation into other industries, such as overseas crypto assets. For more information, please visit: www.cangoonline.com.
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