Mining News Highlights of the Week: Cango Releases Q2 Report, Showing Strong Revenue and Profit Performance

Week 36, 2025 (August 30-September 4): 1. According to cloverpool, the average Bitcoin network hashrate was 973 EH/s, with a high of 1064 EH/s and a low of 851 EH/s, a decrease of -0.54% from the previous week's average hashrate of 978 EH/s. 2. According to blockchain.com, the average Bitcoin price was $110,023, with a high of $112,643 and a low of $107,250, a decrease of 2.68% from the previous week's average price of $113,048. 3. Mining news worth noting include: (1) American Bitcoin was listed on the US stock market and expanded its Bitcoin mining business from 10 EH/s to 24 EH/s; (2) JPMorgan Chase: The total market capitalization of 13 US-listed Bitcoin mining companies reached a record high in August, a 23% increase from the previous month; (3) Cango released its Q2 financial report, showing strong revenue and profit performance. The book loss from two one-time accounting adjustments was not a real loss for the business. The company is targeting the high-value scenario of "AI computing power and energy synergy" in the long term. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the NYSE.