Cango(CANG) Prnewswire·2025-02-05 10:00Core Viewpoint - Cango Inc. has reported a decrease in Bitcoin production for January 2025 compared to December 2024, while significantly increasing its total Bitcoin holdings [1][2]. Production Update - The number of Bitcoins produced in January 2025 was 538.2, down from 569.9 in December 2024, representing a decrease of approximately 5.5% [2]. - The average number of Bitcoins produced per day in January 2025 was 17.4, compared to 18.4 in December 2024, indicating a decline of about 5.4% [2]. - The total number of Bitcoins held by the company at the end of January 2025 was 1,472.0, a significant increase from 933.8 in December 2024, reflecting a growth of approximately 57.7% [2]. - No Bitcoins were sold during January 2025 [2]. - The deployed hashrate remained stable at 32 EH/s, while the average operating hashrate slightly decreased from 30.4 EH/s in December 2024 to 30.1 EH/s in January 2025 [2]. Company Overview - Cango Inc. is a leading automotive transaction service platform in China, established in 2010, and headquartered in Shanghai [3]. - The company connects various participants in the automotive industry, including car buyers, dealers, and financial institutions, and has developed a comprehensive automotive supply chain ecosystem [3]. - In recent years, Cango has diversified its operations, expanding into industries such as overseas crypto assets [3].