Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Pr
May 7, 2025
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Cango Inc. (NYSE: CANG) reported its April 2025 bitcoin mining performance, showing a 11.3% decrease in monthly production to 470.0 Bitcoins from 530.1 in March. Despite lower production, the company expanded its Bitcoin holdings to 2,944.8 BTC (valued at $279 million) as of April 30, up from 2,474.8 BTC in March.
The company maintained its deployed hashrate at 32 EH/s, with average operating hashrate slightly declining to 29.9 EH/s from 30.3 EH/s. CEO Jiayuan Lin attributed the production decline to a significant surge in global hashrate and an 8% increase in mining difficulty compared to March.
Cango Inc. (NYSE: CANG) ha riportato le prestazioni del mining di bitcoin di aprile 2025, mostrando una diminuzione dell’11,3% nella produzione mensile a 470,0 Bitcoin rispetto ai 530,1 di marzo. Nonostante la riduzione della produzione, l’azienda ha aumentato le sue riserve di Bitcoin a 2.944,8 BTC (valutati 279 milioni di dollari) al 30 aprile, rispetto ai 2.474,8 BTC di marzo.
La società ha mantenuto la hashrate operativa a 32 EH/s, con una leggera diminuzione della hashrate media operativa a 29,9 EH/s rispetto ai 30,3 EH/s precedenti. Il CEO Jiayuan Lin ha attribuito il calo della produzione a un significativo aumento della hashrate globale e a un incremento dell’8% della difficoltà di mining rispetto a marzo.
Cango Inc. (NYSE: CANG) informó sobre su rendimiento de minería de bitcoin en abril de 2025, mostrando una disminución del 11,3% en la producción mensual a 470,0 Bitcoins desde 530,1 en marzo. A pesar de la menor producción, la compañía incrementó sus reservas de Bitcoin a 2.944,8 BTC (valorados en 279 millones de dólares) al 30 de abril, desde 2.474,8 BTC en marzo.
La empresa mantuvo su tasa de hash desplegada en 32 EH/s, con una ligera disminución en la tasa de hash operativa promedio a 29,9 EH/s desde 30,3 EH/s. El CEO Jiayuan Lin atribuyó la caída en la producción a un aumento significativo en la tasa de hash global y un incremento del 8% en la dificultad de minería en comparación con marzo.
Cango Inc. (NYSE: CANG)는 2025년 4월 비트코인 채굴 실적을 발표하며, 월간 생산량이 3월의 530.1개에서 11.3% 감소한 470.0 비트코인을 기록했습니다. 생산량은 줄었지만, 회사는 4월 30일 기준 비트코인 보유량을 3월의 2,474.8 BTC에서 2,944.8 BTC(약 2억 7,900만 달러)로 늘렸습니다.
회사는 배치된 해시레이트를 32 EH/s로 유지했으며, 평균 운영 해시레이트는 30.3 EH/s에서 29.9 EH/s로 약간 감소했습니다. CEO 지아위안 린은 생산 감소가 전 세계 해시레이트의 급격한 상승과 3월 대비 8% 증가한 채굴 난이도 때문이라고 설명했습니다.
Cango Inc. (NYSE : CANG) a rapporté ses performances de minage de bitcoins pour avril 2025, affichant une baisse de 11,3 % de la production mensuelle à 470,0 bitcoins contre 530,1 en mars. Malgré une production plus faible, la société a augmenté ses avoirs en bitcoins à 2 944,8 BTC (évalués à 279 millions de dollars) au 30 avril, contre 2 474,8 BTC en mars.
L’entreprise a maintenu son hashrate déployé à 32 EH/s, avec une légère baisse du hashrate opérationnel moyen à 29,9 EH/s contre 30,3 EH/s. Le PDG Jiayuan Lin a attribué la baisse de production à une forte augmentation du hashrate mondial et à une hausse de 8 % de la difficulté du minage par rapport à mars.
Cango Inc. (NYSE: CANG) meldete seine Bitcoin-Mining-Leistung für April 2025 und verzeichnete einen Rückgang der monatlichen Produktion um 11,3% auf 470,0 Bitcoins gegenüber 530,1 im März. Trotz der geringeren Produktion hat das Unternehmen seine Bitcoin-Bestände auf 2.944,8 BTC (im Wert von 279 Millionen US-Dollar) zum 30. April erhöht, nach 2.474,8 BTC im März.
Das Unternehmen hielt seine eingesetzte Hashrate bei 32 EH/s, wobei die durchschnittliche Betriebs-Hashrate leicht von 30,3 EH/s auf 29,9 EH/s zurückging. CEO Jiayuan Lin führte den Produktionsrückgang auf einen deutlichen Anstieg der globalen Hashrate und eine um 8 % gestiegene Mining-Schwierigkeit im Vergleich zum März zurück.
Positive
- Increased total Bitcoin holdings to 2,944.8 BTC, worth $279 million
- Maintained stable deployed hashrate at 32 EH/s
- Continued commitment to Bitcoin holding strategy for long-term value creation
Negative
- 11.3% decrease in monthly Bitcoin production (470.0 vs 530.1)
- Decline in average daily Bitcoin production to 15.7 from 17.1
- Slight decrease in average operating hashrate to 29.9 EH/s from 30.3 EH/s
05/07/2025 – 06:00 AM
SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.
In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.
Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.
“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
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SOURCE Cango Inc.
How many Bitcoins did CANG mine in April 2025?
Cango Inc. mined 470.0 Bitcoins in April 2025, down 11.3% from 530.1 Bitcoins in March 2025.
What is CANG’s total Bitcoin holdings as of April 30, 2025?
Cango Inc. held 2,944.8 Bitcoins as of April 30, 2025, valued at $279 million.
What caused the decrease in CANG’s Bitcoin production in April 2025?
The production decline was due to a significant surge in global hashrate and an 8% increase in mining difficulty compared to March.
What is CANG’s current deployed hashrate?
Cango Inc. maintains a deployed hashrate of 32 EH/s, with an average operating hashrate of 29.9 EH/s.
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