Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift – CryptoMode
Shanghai, May 7, 2025 / Prnewswire / – Cango Inc. (NYSE: CANG)A main Bitcoin operating company recently published its production update from April 2025 for its Crypto mining operations.
In April 2025, Cango undermined a total of 470.0 bitcoins, a decrease of 11.3% against 530.1 bitcoins extracted in March 2025. Average daily daily production was 15.7 in April, against 17.1 in March.
Despite the decrease in production by one month, Cango increased its total Bitcoin Holdings, reaching 2,944.8 to April 30, 2025, against 2,474.8 at the end of March. The company's deployed hashrate remained coherent at 32 eh / s, while the average operational hashrate was 29.9 eh / s, against 30.3 eh / s in March 2025.
“The drop in production in April was mainly due to a significant increase in world hash, marking its second monthly increase never recorded ever recorded. Our strategic initiatives and our current operational improvements will continue to generate long -term value for our stakeholders.”
About Cango Inc.
Cango Inc. (NYSE: CANG) mainly operates a leading Bitcoin operating company. Cango has deployed its mining operation in strategic locations, notably North America, the Middle East, South America and East Africa. Cango extended to the cryptographic asset market in November 2024, motivated by the development of blockchain technology, increasing the prevalence of cryptographic assets and its efforts to diversify its activities. Meanwhile, Cango has continued to operate the car transaction service in China since 2010, aimed at making shopping of cars simple and pleasant. For more information, users can visit: www.cangoonline.com.
