Cango(CANG) Prnewswire·2024-12-05 12:00Core Viewpoint - Cango Inc. has provided a production update for its crypto mining business, highlighting its recent acquisition of mining machines and production metrics for November 2024 [1][2][3]. Group 1: Acquisition Details - The company completed the acquisition of on-rack crypto mining machines with a total hashrate of 32 Exahash per second (EH) for a purchase price of US$256 million in cash [2]. - The acquisition involved the assignment of all hash computing power of the mining machines to Cango, with the legal title transfer expected to occur later [2]. Group 2: Bitcoin Production Metrics - In November 2024, Cango produced a total of 363.9 Bitcoins, averaging 18.85 Bitcoins produced per day [3]. - As of November 30, 2024, the total number of Bitcoins held by the company was 363.9, with no Bitcoins sold during the month [3]. - The deployed hashrate was reported at 32 EH/s, while the average operating hashrate was 29.75 EH/s [3].