{"id":820257,"date":"2025-03-03T05:03:58","date_gmt":"2025-03-03T10:03:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business\/"},"modified":"2025-03-03T05:03:58","modified_gmt":"2025-03-03T10:03:58","slug":"cango-inc-announces-february-2025-production-update-for-crypto-mining-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business\/","title":{"rendered":"Cango Inc. Announces February 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\">March 3, 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 crypto mining business in <span class=\"xn-chron\">February 2025<\/span>.<\/p>\n<p>\n        <b>Bitcoin Mining Update for <span class=\"xn-chron\">February 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\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Feb 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\">\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<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">472.7<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">538.2<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">16.9<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">17.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,944.7<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,472.0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\">\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\">\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\">\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\">\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\">\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\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u00a0\u00a029.7 EH\/s\u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u00a0 30.1 EH\/s\u00a0 \u00a0<\/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 crypto 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=CN31351&amp;sd=2025-03-03\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business-302389881.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business-302389881.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=CN31351&amp;Transmission_Id=202503030500PR_NEWS_USPR_____CN31351&amp;DateId=20250303\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SHANGHAI , March 3, 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 February 2025. Bitcoin Mining Update for February 2025 Metrics Feb 2025 1 Jan 2025 1 Number of Bitcoins produced 472.7 538.2 Average number of Bitcoins produced per day 16.9 17.4 Total number of Bitcoins held 2 1,944.7 1,472.0 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a0\u00a029.7 EH\/s\u00a0 \u00a0 \u00a0 30.1 EH\/s\u00a0 \u00a0 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cango Inc. Announces February 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-820257","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cango Inc. Announces February 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-february-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 February 2025 Production Update for Crypto Mining Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SHANGHAI , March 3, 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 February 2025. Bitcoin Mining Update for February 2025 Metrics Feb 2025 1 Jan 2025 1 Number of Bitcoins produced 472.7 538.2 Average number of Bitcoins produced per day 16.9 17.4 Total number of Bitcoins held 2 1,944.7 1,472.0 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a0\u00a029.7 EH\/s\u00a0 \u00a0 \u00a0 30.1 EH\/s\u00a0 \u00a0 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 &hellip; Continue reading &quot;Cango Inc. Announces February 2025 Production Update for Crypto Mining Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T10:03:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN31351&amp;sd=2025-03-03\" \/>\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-february-2025-production-update-for-crypto-mining-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cango-inc-announces-february-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 February 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-february-2025-production-update-for-crypto-mining-business\/","og_locale":"en_US","og_type":"article","og_title":"Cango Inc. Announces February 2025 Production Update for Crypto Mining Business - Market Newsdesk","og_description":"PR Newswire SHANGHAI , March 3, 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 February 2025. Bitcoin Mining Update for February 2025 Metrics Feb 2025 1 Jan 2025 1 Number of Bitcoins produced 472.7 538.2 Average number of Bitcoins produced per day 16.9 17.4 Total number of Bitcoins held 2 1,944.7 1,472.0 Total number of Bitcoins sold 2 &#8211; &#8211; Deployed hashrate 2 32 EH\/s 32 EH\/s Average operating hashrate 3 \u00a0\u00a029.7 EH\/s\u00a0 \u00a0 \u00a0 30.1 EH\/s\u00a0 \u00a0 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 &hellip; Continue reading \"Cango Inc. Announces February 2025 Production Update for Crypto Mining Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-2025-production-update-for-crypto-mining-business\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-03T10:03:58+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN31351&amp;sd=2025-03-03","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-february-2025-production-update-for-crypto-mining-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-february-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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