Weekly Mining Data Highlights: HCW Reaffirms Buy Rating for Cango, Raises Target Price to $8

Odaily Planet Daily News, Week 37 of 2025 (September 5 - September 12): 1. According to cloverpool, Bitcoin's average network hash rate reached 1045 EH/s, with a peak of 1149 EH/s and a low of 946 EH/s, representing a 7.53% increase compared to last week's average hash rate (972 EH/s). 2. According to blockchain.com, Bitcoin's average price was $111,481, with a high of $115,554 and a low of $109,993, marking a 1.32% increase compared to last week's average price ($110,022). 3. Noteworthy mining news includes: (1) American Bitcoin, a Bitcoin mining company linked to the Trump family, triggered a temporary suspension due to volatility; (2) Cango received positive recognition from U.S. financial analysts at HCW, who raised the target price to $8.00 and emphasized Cango's strategic shift toward Bitcoin mining and its potential for long-term growth in their latest research report; (3) The S&P 500 declined to include Strategy in its primary benchmark index. Data partner: NYSE-listed Bitcoin mining company Cango Inc. (CANG).