On January 3rd, according to Cango Inc.’s announcement, the company’s Bitcoin production reached 569.9 in December 2024, an increase of 56% from 363.9 in November. At the end of the month, the holding of Bitcoin increased to 933.8, and no Bitcoin was sold during this period. The average computing power of the company reached 30.4 EH/s, a month on month increase of 2%.
Previously, in December of last year, Shanghai based automotive trading service platform Cango announced the purchase of mining machines from Bitmain for $256 million as part of its Bitcoin mining transformation, and reported a production of 393 bitcoins in November.
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