Mining company Cango's total Bitcoin holdings exceed 7,500, and its stock price has dropped over 40% in the past year

According to Theblock, Bitcoin miner Cango Inc. released its mining operation update report on Monday, showing that it produced a total of 569 bitcoins in December, up from 546.7 in November. The average daily output also increased from 18.22 to 18.35 bitcoins compared to the previous month. As of the end of December, Cango held a total of 7,528.3 bitcoins.

U.S. stock market data shows that CANG (Cango) shares have fallen nearly 44% over the past year. According to previous reports from ChainCatcher, Cango received a $10.5 million investment from Enduring Wealth Capital Limited (EWCL).