1. Cango produced 450 bitcoins in June 2025, down from 484.5 in May. 2. Total bitcoins held increased to 3,879.2 from 3,429.3. 3. Company's hashrate rose to 50 EH/s after recent machine acquisitions. 4. Average operating hashrate remained stable at approximately 29.92 EH/s. 5. Cango diversifies operations in crypto mining and used car exports.
Despite a decrease in production, Cango's total bitcoin holdings increased, indicating positive growth. The acquisition of additional mining machines enhances operational capacity, similar to past expansions in Bitcoin mining firms that generally led to price appreciation.
The article presents significant operational growth and updates that directly impact Cango's market position. Investors typically respond to information about production changes and capacity expansion promptly.
The immediate effects from June's production update and acquisitions are likely to influence stock price shortly. Similar updates in crypto mining often result in swift investor reactions.