Cango (NASDAQ: CANG) announced today that it mined 650.5 Bitcoin in July, up 45% from 450 BTC in June. Cango’s deployed hashrate increased from June’s 32 EH/s to 50 EH/s, while its average operating hashrate climbed to 40.91 EH/s in July from 29.92 EH/s in June.
Cango’s bitcoin treasury grew to 4,529.7 BTC by month’s end, up from 3,879.2 BTC in June, and Cango did not sell any bitcoin during the month.
Paul Yu, CEO and Director of Cango, said, “With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure.”
Recently Cango went through a major leadership shakeup which placed several industry veterans in charge of the company.
Read More: MARA’s July bitcoin production slips 1% as energized hashrate rises
At time of publication, CANG hasn’t moved in pre-market hours.
