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Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025
Shanghai, China – April 7, 2025 – Cango Inc. (NYSE: CANG), a leading player in the rapidly evolving Bitcoin mining industry, has announced its production update for March 2025, showcasing significant growth in its crypto mining business.
According to the report, Cango’s total Bitcoin production for the month of March reached an impressive 530.1 Bitcoins, representing a notable 12% increase from the 472.7 Bitcoins produced in February 2025. This substantial surge in production underscores the company’s commitment to optimizing its operations and capitalizing on emerging trends in the market.
The average daily production also saw a rise, reaching 17.1 Bitcoins per day compared to 16.9 in the preceding month. Furthermore, Cango’s total Bitcoin holdings now stand at 2,474.8 units, having increased from 1,944.7 at the end of February.
Notably, the company’s deployed hashrate remained stable throughout March, standing at a consistent 32 EH/s, while its average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in the preceding month.
“We are thrilled to report these outstanding results as we continue to elevate our operations and adapt to the evolving cryptocurrency landscape,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango Inc. “Our relentless focus on optimizing our mining capabilities is reflected in our production figures, and we eagerly anticipate further growth and progress in the coming months.”
The announcement comes at a pivotal moment for the company, as it continues to solidify its position within the competitive Bitcoin mining industry.
Source: PR Newswire
Source: https://cryptocurrencynews.com/crypto/cango-inc-achieves-12-growth-in-bitcoin-production-for-march-2025/
