US Stock Market Move | Cango Inc Sponsored ADR (CANG.US) rose over 4% in March, producing 530.1 bitcoins.

On Wednesday, Cango Inc Sponsored ADR (CANG.US) rose more than 4% to $4.025. In terms of news, Cango Inc Sponsored ADR company produced 530.1 bitcoins in March, compared to 472.7 bitcoins in February. The company's revenue for 2024 was 8.045 billion yuan, compared to 17 billion yuan for the same period last year. Net profit was 2.998 billion yuan, compared to a net loss of 37.90 million yuan for the same period last year. The company previously expected to significantly increase the hash rate (a measure of the blockchain network's processing power) over the next few months and aims to increase the deployed hash rate to around 50 EH before the end of the first quarter.