#Cryptocurrency #USA #Hong Kong #Bitcoin Mining #Cango Inc

Cango Inc. Releases October 2025 Bitcoin Production Update

On November 4, 2025, Cango Inc. (NYSE: CANG), a key player in the Bitcoin mining sector, unveiled its operational results for October 2025. The figures indicate a solid progression in Bitcoin production, revealing the company's strategic focus and robust performance in the competitive cryptocurrency landscape.

Cango’s operational metrics for October showed a small dip in Bitcoin produced, with a total of 602.6 Bitcoins, compared to 616.6 Bitcoins in September. The daily average production was also slightly down at 19.44 Bitcoins per day, from 20.55 Bitcoins the previous month. Despite this, the company reported an increase in total Bitcoin holdings, which surged to 6,412.6 Bitcoins, up from 5,810 Bitcoins at the end of September.

One notable highlight from Cango's report is the stability of its distributed hashrate, which remained constant at 50 EH/s. Furthermore, the operational average hashrate saw an impressive increase to 46.09 EH/s, which represents a significant operational maturity as the company continues to optimize its mining processes.

Paul Yu, the CEO and Director of Cango, remarked on the successful performance, stating: “In October, we increased our average operational hashrate to over 90%, while our Bitcoin holdings surpassed the threshold of 6,000 BTC, reaching just over 6,400 BTC by month’s end. These results highlight the operational maturity we have achieved as we approach our one-year milestone of strategic transformation.”

Cango is transitioning toward a more U.S.-centric operational model. The completion of its ADR program, along with the planned direct listing of its ordinary shares on the New York Stock Exchange expected in November, illustrates this commitment. Yu emphasized: “We believe these operational and financial milestones position us strongly to capture emerging opportunities in energy and artificial intelligence sectors going forward.”

Cango Inc. made its initial entry into the cryptocurrency market in November 2024, propelled by advancements in blockchain technology and the growing adoption of digital assets. The company has strategically positioned itself with mining operations across North America, the Middle East, South America, and East Africa.

In conjunction with its cryptocurrency ventures, Cango continues its international online used car export business through AutoCango.com. This platform simplifies access for global customers to high-quality vehicle inventories sourced from China.

For further information about Cango and its strategic initiatives, please visit their website at www.cangoonline.com or contact their investor relations team.

Investor Relations Contact:

Juliet Ye, Head of Communications
Cango Inc.
Email: [email protected]
Tel: [phone number]

Overall, Cango Inc.'s operational updates reflect the company's proactive approach in a dynamic market. With its solid performance metrics and strategic actions, Cango is poised for continued growth and success in the evolving landscape of cryptocurrency and emerging technologies.