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Cango Inc. Announces April 2025 Production Update for Crypto Mining Business

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Cango Inc. (NYSE: CANG) has released its crypto mining production update for April 2025. The company produced 470.0 Bitcoins in April, down from 530.1 in March 2025, with daily production averaging 15.7 Bitcoins compared to 17.1 in the previous month. The company's total Bitcoin holdings increased to 2,944.8 by month-end, with no Bitcoins sold during the period. Cango maintained its deployed hashrate at 32 EH/s, while the average operating hashrate slightly decreased to 29.9 EH/s from 30.3 EH/s in March.

Cango Inc. (NYSE: CANG) ha pubblicato l'aggiornamento sulla produzione di mining di criptovalute per aprile 2025. L'azienda ha prodotto 470,0 Bitcoin ad aprile, in calo rispetto ai 530,1 di marzo 2025, con una produzione giornaliera media di 15,7 Bitcoin rispetto ai 17,1 del mese precedente. Le riserve totali di Bitcoin della società sono aumentate a 2.944,8 a fine mese, senza vendite di Bitcoin durante il periodo. Cango ha mantenuto il tasso di hash deployato a 32 EH/s, mentre il tasso di hash operativo medio è leggermente diminuito a 29,9 EH/s rispetto ai 30,3 EH/s di marzo.

Cango Inc. (NYSE: CANG) ha publicado su actualización de producción minera de criptomonedas para abril de 2025. La compañía produjo 470,0 Bitcoins en abril, una disminución respecto a los 530,1 de marzo de 2025, con una producción diaria promedio de 15,7 Bitcoins frente a 17,1 en el mes anterior. La tenencia total de Bitcoins de la empresa aumentó a 2.944,8 al final del mes, sin ventas de Bitcoins durante el período. Cango mantuvo su tasa de hash desplegada en 32 EH/s, mientras que la tasa de hash operativa promedio disminuyó ligeramente a 29,9 EH/s desde 30,3 EH/s en marzo.

Cango Inc. (NYSE: CANG)가 2025년 4월 암호화폐 채굴 생산 업데이트를 발표했습니다. 회사는 4월에 470.0 비트코인을 생산했으며, 2025년 3월의 530.1에서 감소했습니다. 일일 생산량은 이전 달 17.1에서 15.7 비트코인으로 평균화되었습니다. 회사의 총 비트코인 보유량은 월말에 2,944.8로 증가했으며, 이 기간 동안 비트코인 판매는 없었습니다. Cango는 배치된 해시레이트를 32 EH/s로 유지했고, 평균 운영 해시레이트는 3월의 30.3 EH/s에서 약간 감소한 29.9 EH/s를 기록했습니다.

Cango Inc. (NYSE : CANG) a publié sa mise à jour de la production minière de cryptomonnaies pour avril 2025. La société a produit 470,0 Bitcoins en avril, en baisse par rapport à 530,1 en mars 2025, avec une production quotidienne moyenne de 15,7 Bitcoins contre 17,1 le mois précédent. Les avoirs totaux en Bitcoin de la société ont augmenté pour atteindre 2 944,8 à la fin du mois, sans vente de Bitcoins durant la période. Cango a maintenu son hashrate déployé à 32 EH/s, tandis que le hashrate opérationnel moyen a légèrement diminué, passant de 30,3 EH/s en mars à 29,9 EH/s.

Cango Inc. (NYSE: CANG) hat sein Update zur Crypto-Mining-Produktion für April 2025 veröffentlicht. Das Unternehmen produzierte im April 470,0 Bitcoins, weniger als die 530,1 im März 2025, mit einer durchschnittlichen Tagesproduktion von 15,7 Bitcoins gegenüber 17,1 im Vormonat. Der Gesamtbestand an Bitcoins des Unternehmens stieg bis Monatsende auf 2.944,8, ohne dass während des Zeitraums Bitcoins verkauft wurden. Cango behielt seine eingesetzte Hashrate bei 32 EH/s bei, während die durchschnittliche operative Hashrate leicht von 30,3 EH/s im März auf 29,9 EH/s sank.

Positive
  • Total Bitcoin holdings increased by 470 to 2,944.8 BTC
  • Maintained strong deployed hashrate at 32 EH/s
  • Company continues to hold all mined Bitcoin, showing confidence in crypto assets
Negative
  • Bitcoin production decreased by 11.3% from 530.1 to 470.0 BTC month-over-month
  • Daily Bitcoin production declined from 17.1 to 15.7 BTC
  • Average operating hashrate slightly decreased from 30.3 EH/s to 29.9 EH/s

SHANGHAI, May 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in April 2025.

Bitcoin Mining Update for April 2025

Metrics

Apr 2025 1

Mar 2025 1

Number of Bitcoins produced

470.0

530.1

Average number of Bitcoins produced per day

15.7

17.1

Total number of Bitcoins held 2

2,944.8

2,474.8

Total number of Bitcoins sold 2

-

-

Deployed hashrate 2

32 EH/s

32 EH/s

Average operating hashrate 3

29.9 EH/s

30.3 EH/s


1.  Unaudited, estimated.

2.  As of month-end.

3.  Average over the month.

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

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cango-inc-announces-april-2025-production-update-for-crypto-mining-business-302447009.html

SOURCE Cango Inc.

FAQ

How many Bitcoins did Cango (CANG) mine in April 2025?

Cango mined 470.0 Bitcoins in April 2025, with an average daily production of 15.7 Bitcoins.

What is Cango's (CANG) total Bitcoin holdings as of April 2025?

Cango held 2,944.8 Bitcoins as of the end of April 2025.

What is Cango's (CANG) current mining hashrate?

Cango maintained a deployed hashrate of 32 EH/s with an average operating hashrate of 29.9 EH/s in April 2025.

How did Cango's (CANG) Bitcoin production change from March to April 2025?

Cango's Bitcoin production decreased from 530.1 BTC in March to 470.0 BTC in April 2025, representing an 11.3% decline.

Did Cango (CANG) sell any Bitcoin in April 2025?

No, Cango did not sell any Bitcoin during April 2025, continuing to hold all mined coins.
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