Cango, Inc ( CANG ) – ADR shares are trading higher on possible continued strength after the company announced yesterday that it produced 450 Bitcoins for the month of June.

What To Know: The company reported mining 450 Bitcoin in June, down from 484.5 Bitcoin in May. Average daily production fell slightly to 15 Bitcoin from 15.63 Bitcoin in the prior month.

Cango ( CANG ) ended June with 3,879.2 Bitcoin in total holdings, up from 3,429.3 Bitcoin at the end of May. The company did not sell any Bitcoin during the month.

Cango ( CANG ) maintained a deployed hashrate of 32 EH/s and reported an average operating hashrate of 29.92 EH/s in June. On June 27, the company completed the acquisition of additional mining machines, increasing total hashrate to 50 EH/s.

CANG Price Action: Cango ( CANG ) stock closed Wednesday 12.13% higher at $5.27, according to data from Benzinga Pro.

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