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March 27, 2025
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Fourth Quarter & Full Year 2024 Financial Performance
The Company achieved total revenues of
For the full year, Cango reported total revenues of
Bitcoin Mining Operational Highlights
Cango deployed 32 exahashes per second (EH/s) of Bitcoin mining capacity in Q4 2024, securing its position as the third-largest publicly traded miner globally. During the quarter, the Company mined 933.8 Bitcoin, achieving an industry-leading efficiency of 17.81 BTC per EH/s. Operational costs were optimized, with an average fleet efficiency of 21.6 joules per terahash (J/TH) and a cash cost of
Cango’s mining operations span five countries, including
Looking ahead, the Company plans to expand its hashrate to 50 EH/s by the end of July 2025 through the completion of its second-phase asset acquisition. Cango aims to further reduce energy costs by leveraging favorable regulatory developments in traditional energy markets and exploring partnerships for sustainable power solutions. Additionally, Cango is committed to enhancing its presence in the digital asset ecosystem while maintaining a disciplined approach to managing its Bitcoin holdings.
Media Contact
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
View original content:https://www.prnewswire.com/news-releases/cango-inc-presents-key-highlights-of-its-filed-annual-report-302413093.html
SOURCE Cango Inc.
March 26, 2025
Entering the cryptocurrency world can be both exciting and intimidating, especially when it comes to cloud mining. The allure of earning passive income is undeniable, but navigating this space requires careful planning and research to avoid common pitfalls. Choosing the right cloud mining platform isn’t just about potential profits—it’s about ensuring legality, security, and sustainability.
In this blog post, we’ll explore three of the most reliable and legally compliant cloud mining platforms for 2025: Zaminer, ECOS, and Binance. We’ll also provide a detailed comparison of their features to help you make an informed decision.
Platform Overview:
| Platform | Key Features | Ease of Use | Overall Rating |
| Zaminer | Real-time mining stats, excellent price-performance ratio, intuitive dashboard, free Bitcoin plan | Very Easy | ★★★★★ |
| ECOS | Cloud mining and trading options, integrated wallet, neat interface with slight clutter | Easy | ★★★★☆ |
| Binance | Wide range of mining contracts and features for earning & storing cryptocurrencies | Moderate | ★★★★☆ |
Top 3 Cloud Mining Platforms in 2025
1. Zaminer
Zaminer has emerged as a leading cloud mining platform in the US and UK, thanks to its user-friendly design, robust security measures, and attractive free mining options. With a $100 bonus for new users upon registration, Zaminer caters to both beginners and experienced miners alike.
Key Features:
– Eco-Friendly Operations: Zaminer emphasizes sustainability in its mining processes.
– Intuitive Interface: The platform is easy to navigate, even for first-time users.
– Daily Rewards: Users receive consistent daily payouts.
– Advanced Security: Strong measures protect user data and investments.
– 24/7 Support: A dedicated team is available to assist users around the clock.
– Automated Earnings: Passive income is generated effortlessly through automated systems.
– Cutting-Edge Hardware: Efficient mining with state-of-the-art technology ensures high performance.
2. ECOS
ECOS is a versatile platform that offers tailored contracts for a variety of investment strategies. It also features a mobile app for tracking mining performance and supports multiple cryptocurrencies for portfolio diversification.
Key Features:
– Energy Efficiency: ECOS uses environmentally friendly operations to reduce energy consumption.
– User-Friendly Interface: The platform is designed for ease of use, though some may find the interface slightly cluttered.
– Extensive Analytics: Users can access detailed analytics to optimize their mining strategies.
– Mobile App: Conveniently monitor your mining progress on the go.
Drawbacks:
– The profit calculator can be misleading at times.
– Primarily supports Bitcoin mining, limiting diversification opportunities.
3. Binance
Binance, one of the world’s largest cryptocurrency exchanges, also offers cloud mining services via Binance Pool. With its extensive ecosystem of crypto services, Binance is a solid choice for those looking to mine popular cryptocurrencies like Bitcoin and Ethereum without investing in costly hardware.
Key Features:
– Beginner-Friendly Interface: The platform is designed to accommodate users with varying levels of experience.
– Wide Range of Services: From mining to storing cryptocurrencies, Binance offers a comprehensive suite of tools.
– No Hardware Required: Users can start mining without purchasing expensive equipment.
– Free Mining Plan: A great option for newcomers looking to test the waters.
Drawbacks:
– Limited control over the mining process compared to other platforms.
Why Zaminer is the Top Choice for Cloud Mining in 2025
Zaminer has quickly risen to prominence as a top-tier cloud mining platform due to its innovative technology, user-centric features, and commitment to transparency. Here’s what sets Zaminer apart:
Transparency and Reliability
Competitive Pricing and Flexible Plans
Understanding the diverse needs of its users, Zaminer offers a range of pricing options and customizable contracts. Whether you’re a beginner or a seasoned investor, the platform’s flexibility makes it accessible to all.
Cutting-Edge Technology
Zaminer stays ahead of the curve with its optimized operations and advanced hardware, maximizing returns while minimizing costs. This ensures users achieve superior performance in an increasingly competitive market.
Exceptional Customer Support
The platform’s dedicated support team is available 24/7 to address any questions or concerns, fostering a sense of community among its users.
Final Thoughts
Selecting the right cloud mining platform is crucial for anyone venturing into cryptocurrency investments. While the promise of passive income through cloud mining is appealing, it’s essential to approach it with caution and due diligence. Platforms like Zaminer, ECOS, and Binance offer unique features and benefits that cater to different types of investors.
Whether you’re a seasoned crypto enthusiast or just starting out, staying informed will help you make smarter and more secure investments in cloud mining. Remember: knowledge is your most valuable asset in this ever-evolving industry!
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
March 26, 2025
United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector.
According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group.
The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG.
“Our innovative approach to energy utilized for mining is uniquely complementary to NYDIG’s bitcoin custody, institutional trading and mining businesses, creating a consolidated business that is more valuable than the sum of its parts,” Chase Lochmiller, CEO and co-founder of Crusoe, said regarding the acquisition.
NYDIG, which already has a strong presence in Bitcoin custody, trading, and mining, plans to continue operating and investing in the newly acquired business. In a separate announcement, the firm said the move will help support Bitcoin’s proof-of-work mechanism and contribute to the network’s long-term security.
Founded in 2018, Crusoe Energy was among the first U.S. Bitcoin mining firms to harness wasted natural gas to fuel the high-performance computing needed for both crypto mining and AI workloads.
Now, the company says it’s ready to shift gears and focus on scaling its AI infrastructure.
“We will continue to channel the same energy-first mentality towards scaling AI infrastructure and accelerating the adoption and proliferation of AI in our everyday lives,” Lochmiller added.
Signs of a transition to AI had already emerged in 2024, when Crusoe announced a multibillion-dollar deal with energy tech firm Lancium to build a 200-megawatt AI data center in Abilene, Texas.
Touted as the “first phase” of a larger expansion, the facility was set to tap into up to 1.2 gigawatts of clean power and support GPU clusters designed for AI training and inference at scale.
At the time, Lochmiller called the project a unique opportunity to “sustainably power the future of AI.” Although a specific launch date wasn’t confirmed, the facility was expected to go live in 2025.
Crusoe’s transition to AI comes at a time when the U.S. government is also turning its attention to the sector. Since returning to office in 2025, President Donald Trump has signed an executive order aimed at encouraging American leadership in artificial intelligence.
March 26, 2025
NYDIG, a leading bitcoin and power firm, has announced it has entered into a definitive agreement to acquire Crusoe’s Bitcoin mining operations. As part of the transaction, NYDIG will acquire over 270MW of power generation technology that drives the production of near-zero direct cost of electricity, expanding NYDIG’s already significant role in supporting bitcoin’s proof-of-work security.
NYDIG will integrate and expand the world-class team that pioneered Crusoe’s bitcoin mining business, supporting NYDIG’s mission of advancing the modern global economy through innovation at the intersection of power, compute, and sound money. The two firms will maintain an ongoing strategic partnership that leverages each firm’s unique capabilities in the HPC industry, with Crusoe contributing its expertise in AI data center development and NYDIG providing its specialized securitization and financing capabilities.
Since its founding in 2017, NYDIG has been at the forefront of innovation with a proven track record of breakthrough product development, including closing an industry-first Investment Grade (IG) credit-rated facility invested solely in a pool of bitcoin-collateralized fiat loans (“HODL loans”) last month. NYDIG combines technology expertise with operational, risk management, and financial markets excellence in two industry-leading, vertically-integrated franchises: Power & Bitcoin Mining and Bitcoin Financial Infrastructure.
As an affiliate of Stone Ridge Holdings Group, NYDIG benefits from significant synergies across a wide variety of products and services. The industry-leading Stone Ridge Energy (SRE) franchise owns and controls over 10GW of U.S. natural gas production, providing a complementary source of power to drive the evolution of bitcoin mining, and reducing energy input cost through the consumption of stranded energy available throughout the life cycle of a natural gas well.
This full-scale Stone Ridge ecosystem makes Crusoe’s Digital Flare Mitigation (DFM) technology a natural fit for NYDIG. DFM captures natural gas that would have otherwise been burned off or “flared” and converts it into electricity to power advanced, modular data centers co-located onsite. Crusoe’s Bitcoin mining operation, growing rapidly, includes more than 20 sites across 7 states and a joint venture in Argentina. NYDIG will operate and expand the business inside its existing Power & Bitcoin Mining division.
“With fiat currencies collapsing against bitcoin around the world—and since I founded NYDIG even the U.S. dollar down 97% for Americans and American firms not yet saving in bitcoin—it is critically important to keep the bitcoin network secure, and at the lowest possible cost,” said Ross Stevens, Founder & Executive Chairman of NYDIG. “At the same time, natural gas is a powerful weapon in the fight against global energy poverty and, across Stone Ridge, we chose to be leaders in this battle. In the years to come, NYDIG will invest in and expand the footprint of DFM and bitcoin—separately and in combination—across the country and around the world, doing our part to advance human flourishing.”
“The proof-of-work consensus mechanism in the bitcoin blockchain algorithmically incentivizes the convergence of energy and computing. Crusoe is proud to have been a pioneer in repurposing otherwise wasted energy resources such as gas flaring to power the bitcoin network. Our innovative approach to energy utilized for mining is uniquely complementary to NYDIG’s bitcoin custody, institutional trading and mining businesses, creating a consolidated business that is more valuable than the sum of its parts,” Chase Lochmiller, CEO and co-founder of Crusoe said. “We will continue to channel the same energy-first mentality towards scaling AI infrastructure and accelerating the adoption and proliferation of AI in our everyday lives.”
“Our partnership with Crusoe was founded on a shared cultural alignment and mutual commitment to driving advancements at the intersection of power and compute,” said Tejas Shah, CEO of NYDIG. “Crusoe has built an extraordinary bitcoin mining business by demonstrating remarkable innovation—bringing together the industry’s top talent to solve complex challenges and unlock untapped energy sources. We’re incredibly excited to integrate this world-class team and their capabilities into our growing business.”
The final closing of the transaction is subject to regulator approvals and customary consents.