{"id":808931,"date":"2025-02-05T05:03:34","date_gmt":"2025-02-05T10:03:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/"},"modified":"2025-02-05T05:03:34","modified_gmt":"2025-02-05T10:03:34","slug":"cango-inc-announces-january-2025-production-update-for-crypto-mining-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/","title":{"rendered":"Cango Inc. Announces January 2025 Production Update for Crypto Mining Business"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SHANGHAI<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 5, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;), a leading automotive transaction service platform in <span class=\"xn-location\">China<\/span>, today announced its production update for <span>crypto<\/span> mining business in <span class=\"xn-chron\">January 2025<\/span>.<\/p>\n<p>\n        <b><br \/>\n          <span>Bitcoin<\/span> Mining Update for <span class=\"xn-chron\">January 2025<\/span><\/b>\n      <\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Metrics<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Jan 2025 <span class=\"prnews_span\"><sup>1<\/sup><\/span><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Dec 2024 <span class=\"prnews_span\"><sup>1<\/sup><\/span><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Number of Bitcoins produced<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">538.2<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">569.9<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Average number of Bitcoins produced per day<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">17.4<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">18.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Total number of Bitcoins held <sup>2<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,472.0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">933.8<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Total number of Bitcoins sold <sup>2<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Deployed hashrate <sup>2<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">32 EH\/s<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">32 EH\/s<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prnsbtb1 prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Average operating hashrate <sup>3<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u00a030.1 EH\/s<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">30.4 EH\/s<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <i>1.\u00a0 <\/i><br \/>\n        <i>Unaudited, estimated.<br \/><\/i><br \/>\n        <i>2.\u00a0 <\/i><br \/>\n        <i>As of month-end.<br \/><\/i><br \/>\n        <i>3.\u00a0 <\/i><br \/>\n        <i>Average over the month.<\/i>\n      <\/p>\n<p>\n        <b>About\u00a0Cango Inc.<\/b>\n      <\/p>\n<p>Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in <span class=\"xn-location\">China<\/span>, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in <span class=\"xn-location\">China&#8217;s<\/span> automotive finance industry, the Company is headquartered in <span class=\"xn-location\">Shanghai<\/span> and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products and services centering on used car trading and exporting. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers&#8217; car purchase service platform of choice. In recent years, Cango has diversified its business operations and expanded its operation into other industries, such as overseas <span>crypto<\/span> assets. For more information, please visit: <a href=\"https:\/\/www.cangoonline.com\/\" target=\"_blank\" rel=\"nofollow\">www.cangoonline.com<\/a>.\u00a0<\/p>\n<p>\n        <b>Investor Relations Contact<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Yihe Liu<\/span><br \/>\n        <br \/>Cango Inc.<br \/>Tel: +86 21 3183 5088 ext.5581<br \/>Email: <a href=\"mailto:ir@cangoonline.com\" target=\"_blank\" rel=\"nofollow\">ir@cangoonline.com<\/a>\u00a0<\/p>\n<p>\n        <span class=\"xn-person\">Helen Wu<\/span><br \/>\n        <br \/>Piacente Financial Communications<br \/>Tel: +86 10 6508 0677<br \/>Email: <a href=\"mailto:ir@cangoonline.com\" target=\"_blank\" rel=\"nofollow\">ir@cangoonline.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN12162&amp;sd=2025-02-05\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business-302368570.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business-302368570.html<\/a><\/p>\n<p>SOURCE  Cango Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN12162&amp;Transmission_Id=202502050500PR_NEWS_USPR_____CN12162&amp;DateId=20250205\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SHANGHAI , Feb. 5, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 Total number of Bitcoins held 2 1,472.0 933.8 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a030.1 EH\/s 30.4 EH\/s 1.\u00a0 Unaudited, estimated. 2.\u00a0 As of month-end. 3.\u00a0 Average over the month. About\u00a0Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cango Inc. Announces January 2025 Production Update for Crypto Mining Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-808931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cango Inc. Announces January 2025 Production Update for Crypto Mining Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cango Inc. Announces January 2025 Production Update for Crypto Mining Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SHANGHAI , Feb. 5, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 Total number of Bitcoins held 2 1,472.0 933.8 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a030.1 EH\/s 30.4 EH\/s 1.\u00a0 Unaudited, estimated. 2.\u00a0 As of month-end. 3.\u00a0 Average over the month. About\u00a0Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service &hellip; Continue reading &quot;Cango Inc. Announces January 2025 Production Update for Crypto Mining Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T10:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN12162&amp;sd=2025-02-05\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cango Inc. 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Announces January 2025 Production Update for Crypto Mining Business - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/","og_locale":"en_US","og_type":"article","og_title":"Cango Inc. Announces January 2025 Production Update for Crypto Mining Business - Market Newsdesk","og_description":"PR Newswire SHANGHAI , Feb. 5, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 Total number of Bitcoins held 2 1,472.0 933.8 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a030.1 EH\/s 30.4 EH\/s 1.\u00a0 Unaudited, estimated. 2.\u00a0 As of month-end. 3.\u00a0 Average over the month. About\u00a0Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service &hellip; Continue reading \"Cango Inc. Announces January 2025 Production Update for Crypto Mining Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-05T10:03:34+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN12162&amp;sd=2025-02-05","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-january-2025-production-update-for-crypto-mining-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cango Inc. 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