Blockchain Press Releases
Cango Inc. Presents Key Highlights of Its Filed Annual Report

SHANGHAI, March 27, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced key highlights from its filed annual report, marked by a successful pivot towards cryptocurrency mining and significant operational milestones, including securing its position as the third-largest publicly traded miner globally and a 400% year-over-year revenue increase.
Fourth Quarter & Full Year 2024 Financial Performance
The Company achieved total revenues of RMB668.0 million (US$91.5 million) in Q4 2024, reflecting a 400% year-over-year increase. This growth was primarily driven by the launch of its Bitcoin mining business, which generated RMB653.0 million (US$89.5 million) in revenues. Net income for the quarter was RMB55.9 million (US$7.7 million), a notable turnaround from a net loss of RMB103.8 million in Q4 2023. Cango maintained strong liquidity with cash, cash equivalents, and short-term investments totaling RMB2.5 billion (US$345.3 million) as of December 31, 2024.
For the full year, Cango reported total revenues of RMB804.5 million (US$110.2 million), with net income reaching RMB299.8 million (US$41.1 million), a significant turnaround from a net loss of RMB37.9 million in 2023. The results reflect the successful integration of Bitcoin mining operations alongside ongoing optimization of its legacy automotive services.
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 US$67,769.9 per Bitcoin (excluding depreciation). As of December 31, 2024, Cango held a total of 933.8 Bitcoin, aligning with its long-term accumulation strategy.
Cango’s mining operations span five countries, including the United States (38% of total hashrate), East Africa (37%), Oman, Paraguay, and Canada. Approximately 90% of its fleet comprises water-cooled Bitmain S19XP Hyd. machines, ensuring competitive energy efficiency and operational stability.
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: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-presents-key-highlights-of-its-filed-annual-report-302413107.html
Blockchain Press Releases
Bybit Leads March Capital Inflows and Reclaims No.2 in Trading Volume

DUBAI, UAE, April 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has staged a remarkable comeback, recording $3.61 billion in asset inflows in March and reclaiming the No.2 spot in trading volume. The latest inflows serve as a testament to the effectiveness of Bybit’s rapid recovery strategies and its unwavering commitment to user security and transparency.
According to DeFiLama data, Bybit led centralized exchanges in capital inflows over the past month, adding $3.61 billion in March and reaching a total value locked (TVL) of $14.9 billion as of March 31, 2025. Over the 31-day period, Bybit’s significant inflows across timeframes (7-day: $612.62 million, 1-month: $3.61 billion) underscore the confidence users have placed in the platform. Bybit has withstood one of the greatest tests in crypto history, setting new benchmarks in rapid recovery strategies across: security recalibration, operational and financial resilience, and trust building.
Bybit Reclaims No. 2 Spot in Trading Volume
Bybit’s introduction of the Retail Price Improvement (RPI) mechanism significantly boosted spot trading volume post-hack, reaffirming its dominance in retail liquidity. RPI orders, tailored specifically for retail clients, drove unparalleled liquidity in key trading pairs like BTC/USDT and ETH/USDT. From February 27 to March 3, Bybit achieved three times the liquidity of the market leader across the top 12 trading pairs.
Throughout this period, Bybit maintained full platform functionality, ensuring uninterrupted withdrawals, new token activities, and robust rewards programs. These strategic efforts not only reinforced user trust but also fueled Bybit’s resurgence, solidifying its position as the go-to exchange for traders worldwide.
New data from CoinGecko (April 1, 2025) confirms that Bybit has reclaimed its position as the world’s second-largest cryptocurrency exchange by trading volume.

Business As Usual: New Token Activities, Innovation, and Rewards
Bybit’s ability to bounce back is driven by several factors, including favorable market conditions and a more constructive regulatory environment under the new U.S. administration. More importantly, Bybit has remained laser-focused on delivering a best-in-class user experience, offering continuous rewards, innovative product features, and seamless service.
Bybit introduced multiple new token listings, including WAL, PARTI, CORN, and NEAR, alongside exciting airdrop campaigns. Notably, the Bybit Web3 AI-DOL Superstar competition—the first Web3 idol competition—showcased the platform’s ability to drive engagement and innovation in decentralized finance.
The spectrum of new initiatives and rewards events demonstrated Bybit’s capability to fend off major crises and to generate post-crisis growth, as is reflected in the positive capital inflows in March.
“We do not let setbacks define us. Bybit remains committed to our users and the broader crypto community, ensuring continuous innovation and stability. Our capability to sustain operations and roll out new initiatives, even during challenging times, demonstrates our resilience, dedication to long-term growth, and the strong support we receive from the industry,” said Joan Han, Sales and Marketing Director of Bybit.
Bybit is also committed to long-term programs for trust-building, transparency and accountability. Users and stakeholders may keep up with Bybit’s regular Proof-of-Reserves updates and the Bybit-led initiative to combat the circulation of illicit funds in the crypto ecosystem, LazarusBounty. The platform is an ongoing project for individuals and groups within the cryptosphere to contribute to the fight against bad actors while receiving rewards and recognition, with over $2.2 million in bounties already awarded to verified contributors.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases
PROFESSIONAL FIGHTERS LEAGUE ANNOUNCES PARTNERSHIP WITH BLOCKCHAIN ANALYTICS LEADER ARKHAM

NEW YORK, April 1, 2025 /PRNewswire/ — The Professional Fighters League (PFL) today announced a multi-year partnership with Arkham, a leading provider of blockchain analytics and real-time cryptocurrency intelligence. The agreement spans the entire PFL ecosystem, including the 2025 PFL World Tournament, Champions Series, PFL Europe, PFL MENA, and the soon-to-launch PFL Africa.
Arkham’s innovative Intel Platform offers an extensive suite of features, including real-time alerts, customizable dashboards, detailed transaction visualization tools, and advanced filtering capabilities. These features are freely accessible across all major blockchain networks, providing unparalleled insights into cryptocurrency transactions and market movements.
To celebrate the partnership, PFL and Arkham will launch an exclusive sweepstakes for fans starting April 1. Participants will have the chance to win an all-expenses-paid trip to the 2025 PFL World Tournament Championship on August 21.
The sweepstakes prize includes:
- Two nights at the luxurious Seminole Hard Rock Hotel and Casino
- Two cage-side tickets to the Championship event
- Post-fight photo opportunity in the SmartCage
- Exclusive meet-and-greet with PFL talent
Fans can enter the sweepstakes by following both PFL and Arkham on Instagram and commenting on the upcoming collaborative post. The sweepstakes will run from April 1 to May 1, 2025. More details will be shared on the official PFL and Arkham social media channels.
“We are excited to partner with Arkham to leverage their cutting-edge blockchain analytics technology,” said Bryan Calka, Chief Commercial Officer of PFL. “Arkham’s sophisticated platform ensures that PFL remains at the forefront of innovation, security, and transparency, aligning seamlessly with our vision to bring unique and valuable experiences to our global fanbase.”
The First Round of the 2025 PFL World Tournament, takes place at Universal Studios Florida on April 3, April 11, April 18, and May 1.
The 2025 PFL World Tournament will air live on ESPN platforms in the U.S., Canada, and across Europe, fans can catch the action live on DAZN, while globally, the tournament will be streamed in 190 countries through 20 premium media partners.
This partnership was sourced and facilitated by KLUTCH Sports Group’s Global Partnerships division, led by Andrew Feinberg.
ABOUT PROFESSIONAL FIGHTERS LEAGUE
Professional Fighters League (PFL) is a global powerhouse in MMA and the fastest-growing sports league world-wide. PFL is the only MMA organization with the “win and advance” format. PFL is broadcast and streamed to 190 countries with 20 leading media partners. PFL is backed by major blue-chip investors including SURJ, Ares, Knighthead, Luxor Capital, Waverley Capital, Elysian Park Ventures, 885 Capital, and numerous NBA, MLB, NHL, and MLS team owners. MMA is the growth sport business of this decade, with 650 million fans worldwide, the youngest audience demographic, and true global revenue streams.
PFLmma.com; Instagram (@PFLmma); Twitter (@PFLMMA); Facebook (/PFLmma)
ABOUT KLUTCH SPORTS GROUP
Founded in 2012 by CEO Rich Paul, KLUTCH Sports Group is a premier agency representing some of the world’s biggest athletes across major professional sports. KLUTCH’s unique, 360 approach helps clients at any stage of their career maximize opportunities across the rapidly changing entertainment, media, and business landscape, and provides strategic support in partnerships, branding, communications, social responsibility, and more. With proven expertise in the intersections of sports, entertainment, and culture, KLUTCH connects top teams, major leagues, and properties with global brands. In 2019, KLUTCH partnered with the leading global talent and entertainment company UTA, and in 2024, was named one of GQ’s 20 Most Creative Companies in the World.
About Arkham
Arkham is a blockchain intelligence company that brings transparency and accountability to on-chain activity. Its suite of offerings includes a proprietary analytics platform, a token-powered intel exchange, and the AI-driven Arkham Oracle, collectively serving millions of users. Backed by prominent investors—among them Tim Draper, Bedrock Capital, Wintermute, GSR Markets, and a co-founder of OpenAI.
www.intel.arkm.com
X: @arkham
IG: @arkham

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Blockchain Press Releases
KuCoin Receives the UNWWO “2025 Corporate Social Responsibility Award”

VICTORIA, Seychelles, April 1, 2025 /PRNewswire/ — On March 21, 2025, the World Women Organization (UNWWO) successfully held the official parallel session of the 69th United Nations Commission on the Status of Women (CSW69) and the Global Women Leadership Summit at the United Nations Headquarters in New York, alongside the celebration of the 30th anniversary of the Beijing Declaration.
The summit brought together over a hundred global female elites from the United Nations, public welfare, business, political, and academic sectors. The representatives engaged in in-depth discussions on core topics such as female leadership, global influence, and sustainable development. During the event, leading figures and organizations that have made outstanding contributions to promoting female empowerment were grandly recognized. Among them, the globally leading digital economy platform KuCoin received the “2025 Corporate Social Responsibility Award” from the UNWWO. Representing KuCoin, CSR Director and Global Human Resources Director Sylvie Dong attended the forum and shared the company’s valuable experiences and steadfast determination in the field of corporate social responsibility.
KuCoin’s Three CSR Innovation Projects Focus on Women and Children
CSR has always been a clear and highly valued core thread throughout KuCoin’s development. In 2024, the company further increased its investment in CSR initiatives.
At the forum, Sylvie Dong provided a detailed introduction to a series of CSR projects that KuCoin had carried out throughout 2024. In collaboration with international organizations such as the United Nations, the American Medical Women’s Association (AMWA), the Smile Simon Green Building Foundation, the Global CSR Foundation, and the Office of the First Lady of the Bahamas, KuCoin launched three projects: “Light Up Africa” Children’s Solar Lamps, “Menstrual Equality” and “Climate Change Buckets”. These projects covered multiple regions, including the Bahamas, Suriname, and Nigeria, benefiting nearly 50,000 women and children.
“Light Up Africa” Children’s Solar Lamps: This project aims to provide solar lamps to school-age children in rural Africa, enabling them to continue studying at night and illuminating their futures. In February 2024, the first batch of 2,500 solar lamps donated by KuCoin was sent to 25 schools in Nigeria. In October, another 7,200 solar lamps were delivered to communities in Sierra Leone, Nigeria, and Ghana, benefiting more students. Sandra Edidion, a student at Nigeria’s Afaha Okonkwo Nwafor College, said, “With these solar lamps, I believe I can do it, and we can all read at night.”
“Menstrual Equality”: This project aims to help young girls and women from disadvantaged groups around the world by providing sustainable menstrual health solutions, enabling them to continue their studies and daily lives with dignity and confidence, and move towards a better future. In March 2024, 1,000 reusable menstrual kits sponsored by KuCoin were sent to three locations: Suriname, St. Jude’s Children’s Research Hospital, and domestic violence shelters in New York and California. At the end of December, the second batch of aid supplies was shipped to the Bahamas, providing much-needed sanitary products for 4,000 local women.
“Climate Change Buckets”: This project is committed to providing basic health protection for pregnant women, infants, and children worldwide, shielding them from the threats of pollution, deadly diseases, and extreme weather caused by climate change. Ann Marie Davis, the First Lady of Commonwealth of Bahamas H. E. Ann Marie Davis, expressed her gratitude for the project, saying, “These buckets will provide assistance to women and girls in communities facing climate change challenges.”
“Through these CSR projects, we have found that providing sanitary pads can significantly increase the return-to-school rate of girls in Suriname, and providing solar lamps can extend the average study time of children in Nigeria by several hours. These small changes are bringing great hope to children and women,” said Sylvie Dong.
KuCoin’s CSR Philosophy and Future Outlook
In her speech, Sylvie Dong emphasized that KuCoin’s CSR practices stem from the founders’ original intentions. The founders of KuCoin firmly believe that the significance of technology lies not in creating financial miracles but in ensuring that the most vulnerable groups can still maintain dignity in the digital age. KuCoin hopes that every employee’s work is meaningful, not only driving one of the world’s most influential industries but also making each employee proud when talking to their family and friends.
The CSR experience and achievements shared by KuCoin at the forum have attracted widespread attention and high praise from global outstanding female representatives present. Jing Zhao Cesarone, the official representative of the World Women’s Organization and the Chair of the Global CSR Foundation, stated at the meeting that she hopes this parallel session will empower global outstanding female leaders, focus and enhance global cooperation, and jointly achieve the goals of the Beijing Declaration. She believes that KuCoin has set an example for global enterprises, demonstrating the great potential and sense of responsibility of digital economy platforms in promoting social sustainable development.
Looking ahead to 2025, KuCoin will continue to increase its investment in CSR, deepen global sustainable development practices, and promote the improvement of global children’s welfare. Nancy Cheung, KuCoin’s Chief Sustainability Officer (CSO), said, “In the past year, KuCoin has achieved significant results in the CSR field and accumulated rich experience. In 2025, we will continue to work together with global partners and communities to build a more sustainable world through innovation and responsibility.” KuCoin will continue to advance the three key projects of “Light Up Africa” Children’s Solar Lamps, “Menstrual Equality,” and “Climate Change Buckets,” and actively seek new public welfare project opportunities.
In 2025, KuCoin is embarking on a new chapter of global compliance and sustainable growth, while further fulfilling its commitment to the United Nations Sustainable Development Goals (SDGs). KuCoin’s receipt of the “2025 Corporate Social Responsibility Award” from the World Women Organization is not only a recognition of its past CSR efforts, but also a testament to the global expectations for its future path in sustainable development. KuCoin will continue to uphold its core values of “security, user-first, and innovation,” striving to create greater positive impact on the global community and to contribute more to the well-being of women and children around the world.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

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