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Cango Reports Higher Bitcoin Production in May
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Cango Reports Higher Bitcoin Production in May
Jun 3, 2025 4:18 AM

06:47 AM EDT, 06/03/2025 (MT Newswires) -- Cango ( CANG ) said Tuesday it mined 484.5 bitcoins in May, up from 470 bitcoins in April.

The company said it averaged 15.63 bitcoins per day during the month, compared with 15.67 last month, while its deployed hashrate remained steady at 32 EH/s.

Cango's ( CANG ) average operating hashrate in May was 29.86 EH/s, slightly lower than 29.94 EH/s in April, the company said.

As of the end of May, Cango ( CANG ) held 3,429.3 bitcoins, compared with 2,944.8 bitcoins a month earlier.

Shares of the company were up more than 3% in recent Tuesday premarket activity.

Price: 4.91, Change: +0.17, Percent Change: +3.59

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