Paul Yu, CEO and director of Cango (CANG), commented, “With our new 50 EH/s deployed capacity now fully operational since July, our average operating hashrate has increased by 6.9% month-over-month. We are also pleased to share that we mined 663.7 Bitcoin (BTC-USD)s this month, propelling our Bitcoin treasury past the 5,000 milestone. This achievement powerfully validates our strategy and strengthens our foundation for sustainable growth. Meanwhile, we have continued ramping up our core mining operations through targeted initiatives to boost fleet efficiency. This includes diligent maintenance of our existing fleet to ensure consistent operations, selective upgrading of older miners to next-generation models, and our recent acquisition of a 50 MW Bitcoin mining facility in the US state of Georgia. Looking ahead, we see significant potential to further optimize our operating efficiency and capture emerging opportunities in the energy and HPC sectors.”
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