Cango Inc. Announces June 2025 Production Update for Crypto Mining Business
Rhea-AI Summary
Cango Inc. (NYSE: CANG) released its June 2025 crypto mining production update, reporting the production of 450.0 Bitcoins during the month, compared to 484.5 Bitcoins in May 2025. The company maintained a daily average production of 15.00 Bitcoins, slightly down from 15.63 in May.
The company's total Bitcoin holdings reached 3,879.2 by the end of June, up from 3,429.3 in May. Cango's deployed hashrate remained stable at 32 EH/s with an average operating hashrate of 29.92 EH/s.
Additionally, Cango completed its previously announced acquisition of crypto mining machines with 18 EH/s hashrate capacity on June 27, 2025, increasing the company's total hashrate to 50 EH/s.
Positive
- Increased total Bitcoin holdings to 3,879.2 from 3,429.3 in May 2025
- Successfully completed acquisition of mining machines adding 18 EH/s capacity
- Total hashrate expanded to 50 EH/s following the acquisition
- Maintained stable deployed hashrate of 32 EH/s with high operational efficiency
Negative
- Bitcoin production decreased to 450.0 from 484.5 in May 2025
- Daily average Bitcoin production declined to 15.00 from 15.63 in May 2025
News Market Reaction
On the day this news was published, CANG declined 2.89%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Bitcoin Mining Update for June 2025
Metrics | June 2025 1 | May 2025 1 |
Number of Bitcoins produced | 450.0 | 484.5 |
Average number of Bitcoins produced per day | 15.00 | 15.63 |
Total number of Bitcoins held 2 | 3,879.2 | 3,429.3 |
Total number of Bitcoins sold 2 | - | - |
Deployed hashrate | 32 EH/s | 32 EH/s |
Average operating hashrate 3 | 29.92 EH/s | 29.86 EH/s |
1. Unaudited, estimated. | ||
2. As of month-end. | ||
3. Average over the month. | ||
The company also announced that it has completed the previously announced acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second on June 27, 2025. The acquisition now brings Cango's total hashrate to 50 EH/s.
About Cango Inc.
Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
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SOURCE Cango Inc.
FAQ
How many Bitcoins did Cango (NYSE: CANG) mine in June 2025?
What is Cango's (NYSE: CANG) total Bitcoin holdings as of June 2025?
What was the hashrate acquisition completed by Cango (NYSE: CANG) in June 2025?
How does Cango's (NYSE: CANG) June 2025 Bitcoin production compare to May 2025?
What is Cango's (NYSE: CANG) current total hashrate after the June 2025 acquisition?
