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.
Odaily Planet Daily News: Week 52 of 2025 (December 13 - December 25):
1. According to Cloverpool, the average hashrate of the Bitcoin network is 1064 EH/s, with a high of 1171 EH/s and a low of 1017 EH/s, up 3.27% from the average hashrate of last week (1030 EH/s).
2. According to Cloverpool, the mining difficulty is 148.26 T, the block height is 929,376, and the average block time is 10 minutes and 40 seconds. The difficulty has increased by 0.04% since 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, down 1.22% from the average price of the previous week ($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 U.S. SEC has 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 founder of the HyperFund crypto scam, has been charged with wire fraud and could face up to 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: Cango Inc. (CANG), a NYSE-listed Bitcoin mining company.
