Cango Reports October Bitcoin Production, Reaches 6,400 BTC Holdings

Bitmain-affiliate Bitcoin miner Cango (NYSE: CANG) produced 602.6 bitcoins in October, down 2.3% from 616.6 in September, according to its latest monthly update. The company held 6,412.6 bitcoins at month-end, up about 10% from 5,810 a month earlier. Average daily output was 19.44 bitcoins, compared with 20.55 in September. Cango’s deployed hashrate remained at 50 exahashes per second (EH/s), while average operating hashrate rose to 46.09 EH/s from 44.85 EH/s. That places Cango–once an auto export busine ...