Cango Stock Surges on Increased Bitcoin Holdings & Hashrate 🚀

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.