Cango Inc. Releases November 2025 Bitcoin Production Update and Mining Activities

Cango Inc. Bitcoin Production Update for November 2025

Cango Inc., a prominent player in the cryptocurrency mining sector, made significant announcements regarding its bitcoin production and mining activities today. Reporting a total bitcoin production of 546.7 bitcoins in November 2025, the company noted a decrease from 602.6 bitcoins produced in October 2025. This translates to an average daily production of 18.22 bitcoins, down from the earlier average of 19.44.

As of the end of November, Cango retained a substantial total of 6,959.3 bitcoins in its possession, compared to 6,412.6 bitcoins the previous month. The mining operations maintained a hash rate of 50 EH/s, with an operational average hash rate of 44.38 EH/s, slightly reduced from 46.09 EH/s in October. It's important to highlight that these figures are estimates and have not been formally audited.

Paul Yu, the CEO of Cango Inc., shared a reflective perspective on the company's journey. “November marked our one-year milestone in strategic transformation, showcasing not only our achievements but also the clear direction we are heading. Earlier this year, we expanded our hash rate from 32 EH/s to 50 EH/s, which stands as a testament to our consistent optimization efforts that resulted in operational hash rate levels nearing 90% toward the end of the month.”

Cango's operational focus remains aligned with long-term bitcoin holding strategies, as the company currently has no plans to sell its bitcoin assets. Yu emphasized that their recent transition to being listed on the New York Stock Exchange via the conclusion of their ADR program represents a pivotal achievement, facilitating direct share ownership and enhancing the company's visibility in the U.S. market.

“Such accomplishments solidify our foundation and propel our long-term vision as we strive to evolve from a leading bitcoin miner into a globally distributed AI computing network powered by green energy,” added Yu. This strategic vision is likely to play a crucial role in their future endeavors, particularly with the ongoing advancements in blockchain technologies and the accelerated adoption of digital assets.

Cango Inc. operates not only in the bitcoin mining domain but also maintains strong international engagement in the export of used cars through its platform, AutoCango.com. This initiative allows global consumers to conveniently access a diverse inventory of quality vehicles sourced from China, highlighting the company's commitment to expanding its portfolio amidst the growing crypto landscape.

For further insights about Cango Inc. and its offerings, interested parties can visit their official website at www.cangoonline.com.

In summary, as Cango Inc. navigates its strategic transformation within the cryptocurrency space, its updates for November 2025 encapsulate a year of growth and evolving capabilities, positioning the company for a promising future in both bitcoin mining and broader digital asset innovations.