$Cango(CANG.US) has reached 7,000, which is faster than expected. The main reason is that Cango only took three months to increase its average operational computing power from 40.91 EH/s in July to 46.09 EH/s in October. This improvement is largely due to the migration of mining farms and the upgrade of mining hardware.
Previously, Cango planned to replace 30% of its S19 XP mining machines with S21 Pro by the end of 2025. It should have completed part of it by now. If the plan continues next year, with the new mining machines' high computing power and low energy consumption advantages, Cango's mining efficiency can be further improved.
At Cango's current monthly production rate of around 600, it can reach 10,000 by the second quarter of next year. Ten thousand big coins—thinking about it is still a bit scary.
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