Cango Inc. Announces January 2025 Production Update for Crypto Mining Business
Cango Inc. (NYSE: CANG) has released its crypto mining production update for January 2025. The company produced 538.2 Bitcoins in January 2025, compared to 569.9 Bitcoins in December 2024. The average daily Bitcoin production decreased to 17.4 from 18.4 in the previous month.
The company's total Bitcoin holdings increased to 1,472.0 as of January 2025 end, up from 933.8 at the end of December 2024. Cango maintained its deployed hashrate at 32 EH/s, while the average operating hashrate slightly decreased to 30.1 EH/s from 30.4 EH/s in December.
Cango Inc. (NYSE: CANG) ha pubblicato l'aggiornamento sulla produzione di mining di criptovalute per gennaio 2025. La società ha prodotto 538,2 Bitcoin a gennaio 2025, rispetto ai 569,9 Bitcoin di dicembre 2024. La produzione media giornaliera di Bitcoin è diminuita a 17,4 da 18,4 del mese precedente.
Le partecipazioni totali in Bitcoin dell'azienda sono aumentate a 1.472,0 alla fine di gennaio 2025, rispetto ai 933,8 della fine di dicembre 2024. Cango ha mantenuto il proprio hashrate distribuito a 32 EH/s, mentre l'hashrate operativo medio è leggermente diminuito a 30,1 EH/s rispetto ai 30,4 EH/s di dicembre.
Cango Inc. (NYSE: CANG) ha publicado su informe de producción de minería de criptomonedas para enero de 2025. La compañía produjo 538,2 Bitcoins en enero de 2025, en comparación con 569,9 Bitcoins en diciembre de 2024. La producción media diaria de Bitcoin disminuyó a 17,4 desde 18,4 del mes anterior.
Las tenencias totales de Bitcoin de la compañía aumentaron a 1.472,0 a finales de enero de 2025, frente a 933,8 a finales de diciembre de 2024. Cango mantuvo su hashrate desplegado en 32 EH/s, mientras que el hashrate operativo promedio disminuyó ligeramente a 30,1 EH/s desde 30,4 EH/s en diciembre.
Cango Inc. (NYSE: CANG)는 2025년 1월 암호화폐 채굴 생산 업데이트를 발표했습니다. 이 회사는 2025년 1월에 538.2 비트코인을 생산했으며, 이는 2024년 12월의 569.9 비트코인과 비교됩니다. 일일 평균 비트코인 생산량은 지난달의 18.4에서 17.4로 감소했습니다.
회사의 총 비트코인 보유량은 2025년 1월 말 기준 1,472.0으로 증가했으며, 이는 2024년 12월 말의 933.8에서 증가한 수치입니다. Cango는 배포된 해시레이트를 32 EH/s로 유지했으며, 평균 운영 해시레이트는 12월의 30.4 EH/s에서 30.1 EH/s로 약간 감소했습니다.
Cango Inc. (NYSE: CANG) a publié sa mise à jour de production de minage de crypto-monnaies pour janvier 2025. La société a produit 538,2 Bitcoins en janvier 2025, contre 569,9 Bitcoins en décembre 2024. La production quotidienne moyenne de Bitcoins a diminué à 17,4 contre 18,4 le mois précédent.
Les avoirs totaux en Bitcoins de l'entreprise ont augmenté à 1.472,0 à la fin de janvier 2025, contre 933,8 à la fin de décembre 2024. Cango a maintenu son hashrate déployé à 32 EH/s, tandis que le hashrate opérationnel moyen a légèrement diminué à 30,1 EH/s contre 30,4 EH/s en décembre.
Cango Inc. (NYSE: CANG) hat sein Produktionsupdate für das Krypto-Mining für Januar 2025 veröffentlicht. Das Unternehmen produzierte 538,2 Bitcoins im Januar 2025, verglichen mit 569,9 Bitcoins im Dezember 2024. Die durchschnittliche tägliche Bitcoin-Produktion sank von 18,4 auf 17,4 im Vormonat.
Der Gesamtbestand an Bitcoins des Unternehmens erhöhte sich zum Ende Januar 2025 auf 1.472,0, gegenüber 933,8 Ende Dezember 2024. Cango hielt seine bereitgestellte Hashrate bei 32 EH/s, während die durchschnittliche Betriebshashrate leicht auf 30,1 EH/s von 30,4 EH/s im Dezember fiel.
- Increased total Bitcoin holdings by 538.2 to 1,472.0 BTC
- Maintained stable deployed hashrate at 32 EH/s
- Strong daily production rate of 17.4 BTC
- 5.6% decrease in monthly Bitcoin production (538.2 vs 569.9)
- Slight decline in average operating hashrate to 30.1 EH/s from 30.4 EH/s
- Decreased daily Bitcoin production from 18.4 to 17.4 BTC
Insights
The January 2025 mining report reveals interesting operational dynamics at Cango. The 5.6% month-over-month decrease in Bitcoin production (from 569.9 to 538.2 BTC) despite relatively stable hashrate metrics suggests external factors at play, likely including network difficulty adjustments and global mining competition.
The company's maintained deployed hashrate of 32 EH/s represents significant computing power, positioning Cango as a major player in the mining sector. The minimal decline in average operating hashrate (30.1 EH/s vs 30.4 EH/s) indicates strong operational stability with a commendable 94% efficiency ratio between operating and deployed hashrate.
Most notably, Cango's accumulation strategy has led to a 57.6% increase in Bitcoin holdings, reaching 1,472 BTC. This hodling approach, maintaining all mined Bitcoin, suggests strong balance sheet confidence and potential anticipation of future price appreciation. The strategy also provides flexibility for future strategic options, whether for treasury management, collateralization, or market opportunities.
The slight decrease in daily production efficiency (17.4 vs 18.4 BTC/day) while maintaining hashrate levels indicates increasing network competition and difficulty adjustments, a natural evolution in the Bitcoin mining ecosystem that affects all miners proportionally. This highlights the importance of operational excellence and cost management to maintain profitability margins.
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 | - | - |
Deployed hashrate 2 | 32 EH/s | 32 EH/s |
Average operating hashrate 3 | 30.1 EH/s | 30.4 EH/s |
1. Unaudited, estimated.
2. As of month-end.
3. Average over the month.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in
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
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SOURCE Cango Inc.
FAQ
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