Cango(CANG) Prnewswire·2025-05-07 10:00Core Insights - Cango Inc. reported a total Bitcoin production of 470.0 Bitcoins in April 2025, reflecting an 11.3% decrease from 530.1 Bitcoins in March 2025 [1][2] - The company's total Bitcoin holdings increased to 2,944.8 Bitcoins as of April 30, 2025, up from 2,474.8 Bitcoins at the end of March [2] - The decline in production was attributed to a significant surge in the global hashrate, which led to an 8% increase in mining difficulty compared to March [3] Production and Performance - Average daily Bitcoin production in April was 15.7, down from 17.1 in March [1] - The deployed hashrate remained stable at 32 EH/s, while the average operating hashrate decreased slightly to 29.9 EH/s from 30.3 EH/s in March [2] Strategic Positioning - Cango's Bitcoin holdings are valued at approximately $279 million, indicating confidence in long-term value generation despite short-term production fluctuations [3] - The company has been expanding its operations in the crypto assets market since November 2024, driven by advancements in blockchain technology and the growing prevalence of crypto assets [4]