This week's top mining news highlights: Cango's total Bitcoin holdings surpass 6,500, and its October operational efficiency exceeds 90%.
TL;DR
Bitcoin network hashrate and price slightly declined in week 44 of 2025. Key mining updates include Cango's holdings surpassing 6,500 BTC and TeraWulf's 87% revenue growth.
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Odaily Odaily News: Week 44 of 2025 (November 7th - November 13th):
1. According to Cloverpool, the average hashrate of the Bitcoin network is 1081 EH/s, with a high of 1186 EH/s and a low of 930 EH/s, a decrease of 0.86% compared to the average hashrate of last week (1090 EH/s).
2. According to blockchain.com, the average price of Bitcoin was $103,178, with a high of $107,482 and a low of $97,870, down 3.76% from the average price of the previous week ($107,206).
2. Notable mining news includes:
(1) Cango mined 126.4 BTC last week, and the total Bitcoin holdings exceeded 6,500;
(2) TeraWulf's third-quarter revenue reached $50.6 million, an increase of 87% year-over-year;
(3) CleanSpark increased the size of its convertible bond offering to $1.15 billion;
(4) Bitdeer will raise $400 million through a convertible senior notes offering;
(5) Bitfarms released its Q3 financial report: it currently holds 1,827 BTC, with total liquidity reaching $814 million;
(6) IREN signed a $9.7 billion deal with Microsoft to provide cloud computing services in Texas.
Data partner: Cango Inc. (CANG), a NYSE-listed Bitcoin mining company.