Mining data highlights of the week: Cango announced the completion of the secondary acquisition and the appointment of a new management team, HCW gave it an $8 buy rating for the first time
07-25 03:59

Odaily Planet Daily News 2025 Week 30 (July 18-July 24):

1. According to cloverpool, the average computing power of the entire Bitcoin network is 916 EH/s, the highest is 942 EH/s, and the lowest is 879 EH/s, which is 2.38% higher than the average computing power last week (917 EH/s).

2. According to blockchain.com, the average price of Bitcoin was $118,395, with a maximum of $120,919 and a minimum of $116,185, up 0.28% from last week's average price ($109,096).

3. Mining news worth noting include:

(1) Cango announced the completion of its secondary acquisition and the appointment of a new management team;

(2) HC Wainwright gave Cango its first buy rating, with a target price of $8;

(3) Crypto mining company Bitzero received $25 million in financing, which it plans to use to expand its mining operations;

(4) Bitcoin mining company Mawson has fired its CEO for alleged fraud and misconduct.

Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

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