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CanGu Group produced 663.7 Bitcoins in August, bringing their total holdings to 5197 Bitcoins.

By: theblockbeats.news|2025/09/03 11:32:20

BlockBeats News, September 3rd: Canaan Inc. ("Canaan" or the "Company") released its August 2025 Bitcoin production and operational update on September 2nd. The data shows that the company mined 663.7 bitcoins in August, bringing its total holdings to 5,193.4 bitcoins. The company plans to hold Bitcoin long-term and currently has no selling plans.

Canaan's CEO and Director, Paul Yu, commented on this, stating: "Since achieving full production of the additional 50 EH/s of mining power in July, the company's average monthly operational hash rate has increased by 6.9%. This month's production of 663.7 bitcoins has propelled the company's Bitcoin holdings past the 5,000 bitcoins milestone, a significant achievement that strongly validates our strategic direction and solidifies the foundation for sustainable growth."

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Coinbase is planning to launch the first U.S. stock and cryptocurrency blended index futures, with the index composition including seven giants, COIN, and two BlackRock spot ETFs.