New cryptocurrency mining company Cango's Bitcoin production reached 569.9 coins in December
ChainCatcher news, according to an announcement from Cango Inc., the company's Bitcoin production reached 569.9 coins in December 2024, a 56% increase from 363.9 coins in November. The Bitcoin holdings at the end of the month rose to 933.8 coins, with no Bitcoin sold during the period. The company's average hash rate reached 30.4 EH/s, a month-on-month increase of 2%.
Previous news, in December last year, Shanghai-based automotive trading service platform Cango announced the purchase of mining machines from Bitmain for $256 million as part of its transformation into Bitcoin mining, and reported a production of 393 coins in November.
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