#Hong Kong #Bitcoin Mining #Crypto Assets #Cango Inc.

Cango Inc. Production Update for June 2025

Overview
Cango Inc., listed on NYSE under the ticker symbol CANG, made significant strides in its crypto mining operations this June. As the cryptocurrency ecosystem continues to evolve, the company is keen on providing transparency and updates to its stakeholders.

Bitcoin Production Metrics
In June 2025, Cango produced 450 Bitcoins, a slight decrease from 484.5 in May. This averages to about 15 Bitcoins produced daily, which shows a minor drop from the earlier threshold of 15.63 per day. By the end of June, Cango held a total of 3,879.2 Bitcoins, up from 3,429.3 the previous month.

Here are some critical numbers from June 2025:

• - Total Bitcoins Produced: 450.0
• - Daily Average Production: 15.00
• - Total Bitcoins Held: 3,879.2
• - Total Bitcoins Sold: 0 (none sold during the month)
• - Deployed Hashrate: Remained steady at 32 EH/s
• - Average Operating Hashrate: Close to the previous month at 29.92 EH/s

These figures indicate a stable operational capacity, even amidst fluctuating production rates.

Acquisition and Expansion
A crucial development in June was the company's completion of the acquisition of on-rack crypto mining machines, boasting an additional hashrate of 18 Exahash per second (EH/s). This strategic move elevates Cango's total hashrate to an impressive 50 EH/s. This expansion is part of Cango's initiative to enhance its production capabilities and adapt to the increasing demand in the crypto market.

Cango Inc.’s Strategic Vision
Cango's entry into the crypto asset market in November 2024 was driven by the growing adoption of digital currencies and advancements in blockchain technology. The company aims to diversify its business portfolio and solidify its position in the digital economy. In addition, it operates an international used car export platform, AutoCango.com, which further demonstrates its breadth of operations.

Conclusion
By continuously updating its stakeholders with production insights and expanding its operational capabilities, Cango Inc. positions itself strongly in the competitive landscape of cryptocurrency mining. Investors and interested parties can look forward to further developments as the firm evolves with the changing dynamics of the market.

For more details about Cango Inc. and its business endeavors, visit Cango Online.