Cango Reports Lower March Bitcoin Mining Cost, Sells 2,000 BTC to Repay Loans
The company said its average cash cost per Bitcoin fell 19.3% to $68,215.83, while total hashrate reached 37.01 EH/s across self-operated and leased mining capacity.
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Terms & Concepts
Hashrate: The total computing power used to mine Bitcoin and secure the blockchain network.
EH/s: Exahashes per second, a unit that measures large-scale Bitcoin mining computational power.
BTC-backed loans: Loans secured by Bitcoin collateral, allowing holders to borrow funds without immediately selling their crypto.