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

Week 37, 2025 (September 5-12): 1. According to cloverpool, the average hash rate of the Bitcoin network was 1045 EH/s, with a high of 1149 EH/s and a low of 946 EH/s, a 7.53% increase from the previous week's average hash rate of 972 EH/s. 2. According to blockchain.com, the average price of Bitcoin was $111,481, with a high of $115,554 and a low of $109,993, a 1.32% increase from the previous week's average price of $110,022. 3. Mining news worth noting include: (1) American Bitcoin, a Bitcoin mining company associated with the Trump family, triggered a temporary trading halt due to volatility; (2) Cango 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 declined to include Strategy in its major benchmark index. Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the NYSE.

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