Introduction to Cango Inc.
Cango Inc. (NYSE: CANG) is an organization that has recently ventured into the Bitcoin mining business. The company has operations in various locations world wide, including North America, the Middle East, South America, and East Africa. Cango Inc. also operates an internet international used automotive export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China.
Bitcoin Mining Update for May 2025
The company has announced its production update for the crypto mining business in May 2025. The update includes key metrics akin to the variety of Bitcoins produced, average variety of Bitcoins produced per day, total variety of Bitcoins held, total variety of Bitcoins sold, deployed hashrate, and average operating hashrate.
Key Metrics
The key metrics for May 2025 are as follows:
- Number of Bitcoins produced: 484.5
- Average variety of Bitcoins produced per day: 15.63
- Total variety of Bitcoins held: 3,429.3
- Total variety of Bitcoins sold: –
- Deployed hashrate: 32 EH/s
- Average operating hashrate: 29.86 EH/s
Comparison with Previous Month
The company has also provided a comparison with the previous month, April 2025. The key metrics for April 2025 are as follows:
- Number of Bitcoins produced: 470.0
- Average variety of Bitcoins produced per day: 15.67
- Total variety of Bitcoins held: 2,944.8
- Total variety of Bitcoins sold: –
- Deployed hashrate: 32 EH/s
- Average operating hashrate: 29.94 EH/s
About Cango Inc.
Cango Inc. is committed to diversifying its business portfolio and has entered the crypto asset space in November 2024. The company is driven by advancements in blockchain technology and the growing adoption of digital assets. For more information, please visit: www.cangoonline.com.
Investor Relations Contact
For investor relations inquiries, please 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: cango@piacente.com
Conclusion
In conclusion, Cango Inc. has announced its production update for the crypto mining business in May 2025. The company has provided key metrics and a comparison with the previous month. Cango Inc. is committed to diversifying its business portfolio and is driven by advancements in blockchain technology and the growing adoption of digital assets. With its operations strategically deployed the world over, Cango Inc. is well-positioned to capitalize on the growing demand for digital assets.
