Cango Inc. Reports 45% Increase in Bitcoin Production for July 2025, Expands Hashrate to 50 EH/s

Reuters

08/05

Cango Inc. Reports 45% Increase in Bitcoin Production for July 2025, Expands Hashrate to 50 EH/s

Cango Inc. has released its Bitcoin production and mining operations update for July 2025. The company reported a notable increase in Bitcoin production, with 650.5 Bitcoins produced in July, up from 450.0 in June, marking a 45% month-over-month increase. The average number of Bitcoins produced per day also rose to 20.99 from 15.00 in the previous month. Cango's total Bitcoin holdings reached 4,529.7 by the end of July, up from 3,879.2 at the end of June. The company's deployed hashrate expanded significantly to 50 EH/s from 32 EH/s, while the average operating hashrate increased to 40.91 EH/s from 29.92 EH/s. Paul Yu, CEO and Director of Cango, highlighted the company's robust operational efficiency and growth potential, emphasizing its commitment to scaling and vertical integration to diversify and strengthen its portfolio of mining sites and energy infrastructure. Cango remains focused on holding Bitcoin for the long term and does not currently intend to sell its holdings.

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 CNW (Ref. ID: C3998) on August 05, 2025, and is solely responsible for the information contained therein.

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Reports 45% Increase in Bitcoin Production for July 2025, 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 45% Increase in Bitcoin Production for July 2025, 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 Bitcoin production and mining operations update for July 2025. The company reported a notable increase in Bitcoin production, with 650.5 Bitcoins produced in July, up from 450.0 in June, marking a 45% month-over-month increase. The average number of Bitcoins produced per day also rose to 20.99 from 15.00 in the previous month. Cango's total Bitcoin holdings reached 4,529.7 by the end of July, up from 3,879.2 at the end of June. 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Reports 45% Increase in Bitcoin Production for July 2025, Expands Hashrate to 50 EH/s\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\">2025-08-05 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 45% Increase in Bitcoin Production for July 2025, 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 Bitcoin production and mining operations update for July 2025. The company reported a notable increase in Bitcoin production, with 650.5 Bitcoins produced in July, up from 450.0 in June, marking a 45% month-over-month increase. The average number of Bitcoins produced per day also rose to 20.99 from 15.00 in the previous month. Cango's total Bitcoin holdings reached 4,529.7 by the end of July, up from 3,879.2 at the end of June. The company's deployed hashrate expanded significantly to 50 EH/s from 32 EH/s, while the average operating hashrate increased to 40.91 EH/s from 29.92 EH/s. Paul Yu, CEO and Director of Cango, highlighted the company's robust operational efficiency and growth potential, emphasizing its commitment to scaling and vertical integration to diversify and strengthen its portfolio of mining sites and energy infrastructure. Cango remains focused on holding Bitcoin for the long term and does not currently intend to sell its holdings.\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 CNW (Ref. ID: C3998) on August 05, 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":"BK4122","symbol_name":"互聯網與直銷零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250805:nNDLbhm129:1","article_id":"2557592367","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557592367","pubTimestamp":1754388070,"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 Bitcoin production and mining operations update for July 2025. 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Cango Inc. published the original content used to generate this news brief via CNW (Ref. ID: C3998) on August 05, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}