Cango Inc. Reports Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate

Reuters

2025/05/06

Cango Inc. Reports Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate

Cango Inc. has released its production update for its crypto mining business in April 2025. During this month, the company produced 470.0 Bitcoins, a decrease from the 530.1 Bitcoins produced in March 2025. The average number of Bitcoins produced per day also saw a decline, with 15.7 Bitcoins produced daily in April compared to 17.1 in March. As of the end of April, Cango Inc. held a total of 2,944.8 Bitcoins, which is an increase from the 2,474.8 Bitcoins held at the end of March. No Bitcoins were sold during these months. The deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate slightly decreased, averaging 29.9 EH/s in April compared to 30.3 EH/s in March. These figures are unaudited and estimated.

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: CN80643) on May 06, 2025, and is solely responsible for the information contained therein.

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Reports Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate","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 Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate\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 crypto mining business in April 2025. During this month, the company produced 470.0 Bitcoins, a decrease from the 530.1 Bitcoins produced in March 2025. The average number of Bitcoins produced per day also saw a decline, with 15.7 Bitcoins produced daily in April compared to 17.1 in March. As of the end of April, Cango Inc. held a total of 2,944.8 Bitcoins, which is an increase from the 2,474.8 Bitcoins held at the end of March. 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Reports Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\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 smaller\">2025-05-06 18:01</p>\n</div>\n</a>\n</h4>\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 Decrease in Bitcoin Production for April 2025 Despite Steady Hashrate\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 crypto mining business in April 2025. 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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: CN80643) on May 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CANG","symbol_name":"燦谷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250506:nNDLc26lYr:1","article_id":"2533507553","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533507553","pubTimestamp":1746525704,"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 crypto mining business in April 2025. 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