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Mining News Highlights of the Week: HCW Reiterates Buy Rating on Cango and Raises Target Price to $8
3hours ago

Odaily Planet Daily News, Week 37, 2025 (September 5-12):

1. According to cloverpool, the average computing power of the entire Bitcoin network is 1045 EH/s, with a maximum of 1149 EH/s and a minimum of 946 EH/s, up 7.53% from last week's average computing power (972 EH/s).

2. According to blockchain.com, the average price of Bitcoin was $111,481, with a maximum of $115,554 and a minimum of $109,993, up 1.32% from last week's average price ($110,022).

3. Important mining news worth noting include:

(1) American Bitcoin, a Bitcoin mining company related to the Trump family, triggered a temporary trading halt due to volatility;

(2) Cango has 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 refused to include Strategy in its major benchmark index.

Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.