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

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Cango Inc. (NYSE: CANG) has released its crypto mining production update for March 2025. The company demonstrated improved Bitcoin production metrics, mining 530.1 Bitcoins in March compared to 472.7 in February 2025. The daily Bitcoin production rate increased to 17.1 Bitcoins from 16.9 in the previous month.

The company maintained its deployed hashrate at 32 EH/s, while the average operating hashrate slightly improved to 30.3 EH/s from 29.7 EH/s in February. By the end of March, Cango's total Bitcoin holdings reached 2,474.8 Bitcoins, up from 1,944.7 in February, with no Bitcoins sold during this period.

Cango Inc. (NYSE: CANG) ha pubblicato il suo aggiornamento sulla produzione di mining di criptovalute per marzo 2025. L'azienda ha mostrato metriche di produzione di Bitcoin migliorate, estraendo 530,1 Bitcoin a marzo rispetto ai 472,7 di febbraio 2025. Il tasso di produzione giornaliero di Bitcoin è aumentato a 17,1 Bitcoin rispetto ai 16,9 del mese precedente.

L'azienda ha mantenuto il suo hashrate distribuito a 32 EH/s, mentre l'hashrate operativo medio è leggermente migliorato a 30,3 EH/s rispetto ai 29,7 EH/s di febbraio. Alla fine di marzo, le riserve totali di Bitcoin di Cango hanno raggiunto 2.474,8 Bitcoin, in aumento rispetto ai 1.944,7 di febbraio, senza vendite di Bitcoin durante questo periodo.

Cango Inc. (NYSE: CANG) ha publicado su actualización de producción de minería de criptomonedas para marzo de 2025. La empresa mostró métricas de producción de Bitcoin mejoradas, minando 530,1 Bitcoins en marzo en comparación con 472,7 en febrero de 2025. La tasa de producción diaria de Bitcoin aumentó a 17,1 Bitcoins desde 16,9 en el mes anterior.

La empresa mantuvo su hashrate desplegado en 32 EH/s, mientras que el hashrate operativo promedio mejoró ligeramente a 30,3 EH/s desde 29,7 EH/s en febrero. Al final de marzo, las reservas totales de Bitcoin de Cango alcanzaron 2.474,8 Bitcoins, un aumento desde 1.944,7 en febrero, sin ventas de Bitcoins durante este período.

Cango Inc. (NYSE: CANG)는 2025년 3월 암호화폐 채굴 생산 업데이트를 발표했습니다. 이 회사는 2025년 2월 472.7 비트코인에 비해 3월에 530.1 비트코인을 채굴하며 개선된 비트코인 생산 지표를 보여주었습니다. 일일 비트코인 생산 비율은 지난 달 16.9에서 17.1 비트코인으로 증가했습니다.

회사는 32 EH/s의 해시레이트를 유지했으며, 평균 운영 해시레이트는 2월의 29.7 EH/s에서 30.3 EH/s로 약간 개선되었습니다. 3월 말까지 Cango의 총 비트코인 보유량은 2,474.8 비트코인에 도달했으며, 이는 2월의 1,944.7 비트코인에서 증가한 수치로, 이 기간 동안 비트코인을 판매하지 않았습니다.

Cango Inc. (NYSE: CANG) a publié sa mise à jour sur la production de minage de cryptomonnaies pour mars 2025. L'entreprise a démontré des indicateurs de production de Bitcoin améliorés, minant 530,1 Bitcoins en mars par rapport à 472,7 en février 2025. Le taux de production quotidien de Bitcoin a augmenté à 17,1 Bitcoins contre 16,9 le mois précédent.

L'entreprise a maintenu son taux de hachage déployé à 32 EH/s, tandis que le taux de hachage opérationnel moyen s'est légèrement amélioré à 30,3 EH/s contre 29,7 EH/s en février. À la fin de mars, les réserves totales de Bitcoin de Cango ont atteint 2 474,8 Bitcoins, en hausse par rapport à 1 944,7 en février, sans vente de Bitcoins pendant cette période.

Cango Inc. (NYSE: CANG) hat sein Update zur Krypto-Mining-Produktion für März 2025 veröffentlicht. Das Unternehmen zeigte verbesserte Bitcoin-Produktionskennzahlen und minedete 530,1 Bitcoins im März im Vergleich zu 472,7 im Februar 2025. Die tägliche Bitcoin-Produktionsrate stieg auf 17,1 Bitcoins von 16,9 im Vormonat.

Das Unternehmen hielt sein eingesetztes Hashrate bei 32 EH/s, während das durchschnittliche Betriebshashrate leicht auf 30,3 EH/s von 29,7 EH/s im Februar verbesserte. Ende März erreichte Cangos Gesamtbestand an Bitcoin 2.474,8 Bitcoins, ein Anstieg von 1.944,7 im Februar, ohne dass in diesem Zeitraum Bitcoins verkauft wurden.

Positive
  • Bitcoin production increased 12.1% MoM to 530.1 BTC
  • Daily Bitcoin production improved to 17.1 BTC from 16.9 BTC
  • Bitcoin holdings grew by 530.1 BTC to 2,474.8 BTC
  • Average operating hashrate improved to 30.3 EH/s from 29.7 EH/s
Negative
  • No Bitcoin sales recorded, potentially indicating missed profit-taking opportunities

SHANGHAI, April 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025.

Bitcoin Mining Update for March 2025

Metrics

Mar 2025 1

Feb 2025 1

Number of Bitcoins produced

530.1

472.7

Average number of Bitcoins produced per day

17.1

16.9

Total number of Bitcoins held 2

2,474.8

1,944.7

Total number of Bitcoins sold 2

-

-

Deployed hashrate 2

32 EH/s

32 EH/s

Average operating hashrate 3

30.3 EH/s

29.7 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:https://www.prnewswire.com/news-releases/cango-inc-announces-march-2025-production-update-for-crypto-mining-business-302416854.html

SOURCE Cango Inc.

FAQ

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

Cango mined 530.1 Bitcoins in March 2025, with an average daily production of 17.1 Bitcoins.

What is CANG's current Bitcoin holdings as of March 2025?

Cango held 2,474.8 Bitcoins as of March 31, 2025.

How much did CANG's Bitcoin production increase from February to March 2025?

Production increased by 57.4 Bitcoins, from 472.7 in February to 530.1 in March 2025.

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

Cango maintains a deployed hashrate of 32 EH/s with an average operating hashrate of 30.3 EH/s in March 2025.
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