Cango Inc. reported a production of 470 Bitcoins in April 2025, with an average of 15.7 Bitcoins produced per day. The total Bitcoins held increased to 2,944.8, while sales figures were not disclosed. The company’s hashrate stands at 32 EH/s, with an average operating hashrate of 29.9 EH/s. Cango has been expanding into crypto while continuing its automotive business in China since 2010.
Cango Inc. (NYSE:CANG), based in Shanghai, has shared its production figures for its cryptocurrency mining activities for April 2025. Reported today, the company produced a total of 470 Bitcoins this month, averaging about 15.7 Bitcoins daily. This marks a notable change from the previous month when Cango reported 530 Bitcoins produced with a daily average of 17.1.
In terms of holdings, Cango now holds a total of 2,944.8 Bitcoins, a significant increase from 2,474.8 Bitcoins reported previously. However, the company has not disclosed any sales figures for the period. The deployed hashrate for Cango remains steady at 32 EH/s, while the average operating hashrate saw a slight dip, recorded at 29.9 EH/s compared to last month’s 30.3 EH/s.
Cango Inc. primarily focuses on Bitcoin mining, and strategically situates its operations across various regions, including North America, the Middle East, South America, and East Africa. The company’s move into the crypto asset market was initiated in November 2024, aiming to grow amid advancements in blockchain technology and the increasing acceptance of cryptocurrencies.
In addition to its crypto initiatives, Cango continues to support its automotive transaction services in China, which it has operated since 2010. The company’s goal remains to simplify car purchasing for consumers in the region. Further details about Cango and its offerings can be found on its website at www.cangoonline.com.
