Cango Inc. Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s

Reuters

07/01

Cango Inc. Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s

Cango Inc. has released its production update for its cryptomining business for June 2025. The company reported producing 450 Bitcoins in June, a decrease from the 484.5 Bitcoins produced in May 2025, with an average production rate of 15.00 Bitcoins per day compared to 15.63 in the previous month. As of the end of June, Cango held a total of 3,879.2 Bitcoins, up from 3,429.3 at the end of May. The company did not report any Bitcoin sales for either month. The deployed hashrate remained steady at 32 EH/s, while the average operating hashrate showed a slight increase from 29.86 EH/s in May to 29.92 EH/s in June. Additionally, Cango completed its acquisition of on-rack cryptomining machines with a total hashrate of 18 Exahash per second on June 27, 2025, bringing its total hashrate to 50 EH/s.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN22117) on July 01, 2025, and is solely responsible for the information contained therein.

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Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cango Inc. Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cango Inc. has released its production update for its cryptomining business for June 2025. The company reported producing 450 Bitcoins in June, a decrease from the 484.5 Bitcoins produced in May 2025, with an average production rate of 15.00 Bitcoins per day compared to 15.63 in the previous month. As of the end of June, Cango held a total of 3,879.2 Bitcoins, up from 3,429.3 at the end of May. The company did not report any Bitcoin sales for either month. The deployed hashrate remained steady at 32 EH/s, while the average operating hashrate showed a slight increase from 29.86 EH/s in May to 29.92 EH/s in June. Additionally, Cango completed its acquisition of on-rack cryptomining machines with a total hashrate of 18 Exahash per second on June 27, 2025, bringing its total hashrate to 50 EH/s.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via PR Newswire (Ref. 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Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-01 18:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cango Inc. Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cango Inc. has released its production update for its cryptomining business for June 2025. The company reported producing 450 Bitcoins in June, a decrease from the 484.5 Bitcoins produced in May 2025, with an average production rate of 15.00 Bitcoins per day compared to 15.63 in the previous month. As of the end of June, Cango held a total of 3,879.2 Bitcoins, up from 3,429.3 at the end of May. The company did not report any Bitcoin sales for either month. The deployed hashrate remained steady at 32 EH/s, while the average operating hashrate showed a slight increase from 29.86 EH/s in May to 29.92 EH/s in June. Additionally, Cango completed its acquisition of on-rack cryptomining machines with a total hashrate of 18 Exahash per second on June 27, 2025, bringing its total hashrate to 50 EH/s.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN22117) on July 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4214","symbol_name":"汽车零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDL8ztN5J:1","article_id":"2548008803","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548008803","pubTimestamp":1751366219,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Cango Inc. has released its production update for its cryptomining business for June 2025. 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