Cango Inc. Maintains Mining Efficiency Despite Bitcoin Production Dip

Cango Inc., a leading bitcoin mining company, reported its April 2025 production update for its crypto mining operations on May 7th, 2025. The company mined a total of 470.0 bitcoins in April, a 11.3% decrease from the previous month’s output of 530.1 bitcoins. Daily production averaged 15.7 bitcoins during April compared to 17.1 in March. However, Cango increased its Bitcoin holdings, reaching 2,944.8 as of April 30th, 2025, up from 2,474.8 at the end of March. The company’s deployed hashrate remained steady at 32 EH/s, while average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March.