Cango Stock Rises As Company Grows Bitcoin Holdings And Hashrate

Benzinga

Cango shares continued to climb Thursday following a recent update on its Bitcoin mining operations, according to Benzinga. The company reported producing 450 Bitcoin in June, a slight decline from 484.5 in May, with average daily production down to 15 from 15.63 Bitcoin. Cango's total Bitcoin holdings grew to 3,879.2 by the end of June as the company refrained from selling any Bitcoin during the month. The bitcoin mining business maintained a hashrate of between 29 and 32 exahashes per second in June. It increased its total capacity to 50 exahashes per second after acquiring additional mining machines on June 27.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Kango shares continue to climb Thursday following a recent update on its Bitcoin mining operations

00:07according to Benzinga. The company reported producing 450 Bitcoin in June, a slight decline

00:11from 484.5 in May, with average daily production down 15 from 15.63 Bitcoin. Kango's total Bitcoin

00:19earnings grew to 3,879.2 by the end of June, as the company refrained from selling any Bitcoin

00:24during the month. The Bitcoin mining business maintained a hash rate of between 29 and 32

00:30X hashes per second in June and increased its total capacity to 50 X hashes per second after

00:35acquiring additional mining machines on June 27th. For all things money, visit Benzinga.com.

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