Wu Blockchain (@WuBlockchain): Bitcoin miner Cango has temporarily taken about 30% of its mining capacity offline, reducing its average operating hashrate to 34.55 EH/s versus 50 EH…
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Bitcoin miner Cango has temporarily taken about 30% of its mining capacity offline, reducing its average operating hashrate to 34.55 EH/s versus 50 EH/s deployed, as declining mining profitability pressures operations. The company said the move is part of efforts to optimize equipment. https://theenergymag.com/news/2026-03-06/cango-unplug-bitcoin-hashrate/