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Cango Inc. Achieves 12% Growth in Bitcoin Production for March 2025

1. Cango produced 530.1 Bitcoins in March 2025, a 12% increase. 2. Daily production average rose to 17.1 Bitcoins, up from 16.9. 3. Total Bitcoin holdings increased to 2,474.8 from 1,944.7 Bitcoins. 4. Average operating hashrate improved to 30.3 EH/s in March 2025. 5. CEO highlighted commitment to enhance mining capabilities amid market growth.

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FAQ

Why Bullish?

Cango's strong production increase reflects operational efficiency. Historical examples show similar announcements typically lead to short-term price rallies in mining stocks.

How important is it?

Significant production growth indicates improved financial performance, likely influencing investor sentiment positively.

Why Short Term?

Investors often react quickly to production updates. Previous examples, like increased production reports from miners, resulted in swift positive market responses.

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BTCRIOTMARAHUTCORZ
, /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production. In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The average number of Bitcoins produced per day also rose to 17.1, up from 16.9 in the previous month. As of the end of March, Cango holds a total of 2,474.8 Bitcoins, an increase from 1,944.7 Bitcoins at the end of February. The Company's deployed hashrate remained stable at 32 EH/s, while the average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in February. "We are pleased to report these positive results as we continue to enhance our operations in the growing cryptocurrency market," said Mr. Jiayuan Lin, Chief Executive Officer of Cango. "Our commitment to optimizing our mining capabilities is reflected in our production figures, and we look forward to further growth in the coming months." Media Contact Juliet YeCango Inc.Tel: +86 21 3183 5088 ext.5581Email: [email protected]  SOURCE Cango Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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