Articles for tag: Bitcoin Mining, Cango Inc., cryptocurrency growth, financial performance, hashrate optimization, market trends, production increase

April 7, 2025

Cango Achieves 12% Growth in Bitcoin Mining with Impressive 530 BTC Production Milestone

Cango Inc., a leading player in Bitcoin mining, reported strong growth in its production for March 2025. The company produced 530.1 Bitcoins, marking a 12% increase from February’s 472.7 Bitcoins. Daily production also rose slightly, averaging 17.1 Bitcoins compared to 16.9 the previous month. By the end of March, Cango held 2,474.8 Bitcoins, up from ...

April 4, 2025

Market News

Crypto

Cango to Sell PRC Business for $351.9M: A Strategic Move in the Market

Cango Inc., a notable player in China’s automotive industry, is shifting gears by selling its business for $352 million and diving into cryptocurrency. The buyer, Ursalpha Digital Ltd., will pay an initial amount of about $210.6 million, with the rest disbursed in quarterly installments tied to specific financial conditions. This decision follows a proposal from ...