Cango Reports April Bitcoin Mining Update with Increased Reserves

Cango, a publicly listed Bitcoin mining company, has released its operational update for April. According to Foresight News, the company mined 230.04 BTC during the month, with an average cash cost of $68,061 per Bitcoin. As of April 30, Cango's Bitcoin reserves have increased to 1,057.46 BTC. The company's total operational hash rate stands at 31.58 EH/s, comprising 20.43 EH/s from self-mining and 11.15 EH/s from hash rate leasing. Cango operates 26 sites globally and is in the process of phasing out its S19 series mining machines in favor of the more energy-efficient S21 series.