Cango Inc. Announces May 2025 Production Update for Crypto Mining Business
HONG KONG, June 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in May 2025.
Bitcoin Mining Update for May 2025
Metrics | May 2025 1 | Apr 2025 1 |
Number of Bitcoins produced | 484.5 | 470.0 |
Average number of Bitcoins produced per day | 15.63 | 15.67 |
Total number of Bitcoins held 2 | 3,429.3 | 2,944.8 |
Total number of Bitcoins sold 2 | - | - |
Deployed hashrate 2 | 32 EH/s | 32 EH/s |
Average operating hashrate 3 | 29.86 EH/s | 29.94 EH/s |
1. Unaudited, estimated. | ||
2. As of month-end. | ||
3. Average over the month. | ||
About Cango Inc.
Cango Inc. (NYSE:CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: [email protected]
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SOURCE Cango Inc.