---
title: "Mining News Highlights of the Week: HCW Reiterates Buy Rating on Cango and Raises Target Price to $8"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257048179.md"
description: "In Week 37 of 2025, Bitcoin's average hash rate rose to 1045 EH/s, a 7.53% increase from the previous week. The average Bitcoin price increased by 1.32% to $111,481. Notably, HCW Financial reiterated a buy rating on Cango, raising its target price to $8, citing the company's strategic shift to Bitcoin mining. Additionally, American Bitcoin faced a trading halt due to volatility, and the S&P 500 excluded Strategy from its major benchmark index."
datetime: "2025-09-12T07:39:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257048179.md)
  - [en](https://longbridge.com/en/news/257048179.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257048179.md)
generator: "portal-rs"
---

# Mining News Highlights of the Week: HCW Reiterates Buy Rating on Cango and Raises Target Price to $8

Week 37, 2025 (September 5-12): 1. According to cloverpool, the average hash rate of the Bitcoin network was 1045 EH/s, with a high of 1149 EH/s and a low of 946 EH/s, a 7.53% increase from the previous week's average hash rate of 972 EH/s. 2. According to blockchain.com, the average price of Bitcoin was $111,481, with a high of $115,554 and a low of $109,993, a 1.32% increase from the previous week's average price of $110,022. 3. Mining news worth noting include: (1) American Bitcoin, a Bitcoin mining company associated with the Trump family, triggered a temporary trading halt due to volatility; (2) Cango received positive reviews from HCW Financial, a US-based analytical firm. The firm raised its target price to $8.00 and highlighted Cango's strategic shift to Bitcoin mining and its potential long-term growth prospects in its latest research report; (3) The S&P 500 declined to include Strategy in its major benchmark index. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the NYSE.

### Related Stocks

- [CANG.US](https://longbridge.com/en/quote/CANG.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**