Cango's stock experienced an increase following a positive update on its Bitcoin mining operations. In June, the company produced 450 Bitcoin, slightly less than May’s 484.5, with daily production averaging 15 Bitcoin. Its total holdings grew to approximately 3,879 Bitcoin, which the company did not sell during that month. The firm maintained a hashrate between 29 and 32 exahashes per second, expanding capacity to 50 exahashes after acquiring new mining equipment.