---
title: "This week's top mining news highlights: Greenridge Capital gives Cango a \"Buy\" rating with a target price of $4.00; Bitcoin mining difficulty increased by 0.04% to 148.26T."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270819232.md"
description: "Greenridge Capital has given Cango a \"Buy\" rating with a target price of $4.00. Bitcoin mining difficulty increased by 0.04% to 148.26T. Notable events include Tether-related companies selling Northern Data’s mining business, the US SEC accusing VBit's founder of fraud, and Canaan Technology launching a $30 million stock buyback program."
datetime: "2025-12-26T04:00:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270819232.md)
  - [en](https://longbridge.com/en/news/270819232.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270819232.md)
---

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# This week's top mining news highlights: Greenridge Capital gives Cango a "Buy" rating with a target price of $4.00; Bitcoin mining difficulty increased by 0.04% to 148.26T.

Week 52 of 2025 (December 13 - December 25): 1. According to Cloverpool, the average hashrate of the Bitcoin network was 1064 EH/s, with a high of 1171 EH/s and a low of 1017 EH/s, a 3.27% increase from the previous week's average hashrate (1030 EH/s). 2. According to Cloverpool, the mining difficulty was 148.26 T, the block height was 929,376, and the average block time was 10 minutes and 40 seconds, a 0.04% increase from the last adjustment. 3. According to blockchain.com, the average price of Bitcoin was $87,718, with a high of $90,542 and a low of $85,053, a 1.22% decrease from the previous week's average price ($88,801). 4. Notable mining news includes: (1) Tether-related companies sold Northern Data’s mining business, and Rumble subsequently announced its acquisition of Northern Data; (2) The US SEC accused the founder of Bitcoin mining company VBit of misappropriating $48.5 million and committing fraud; (3) Greenridge Capital gave Cango a “buy” rating with a target price of $4.00; (4) “Bitcoin Rodney,” the initiator of the HyperFund crypto scam, was charged with additional wire fraud and could face decades in prison; (5) Hyperscale Data increased its Bitcoin holdings to 515 and allocated $30.5 million to continue purchasing; (6) Canaan Technology launched a $30 million stock buyback program. Data partner: NYSE-listed Bitcoin mining company Cango Inc. (CANG).

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