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.