#Cryptocurrency #USA #Bitcoin Mining #Georgia #Cango Inc

Cango Inc.'s Recent Bitcoin Production Update for August 2025

Cango Inc. (NYSE: CANG), a leader in cryptocurrency mining, has recently shared its operational updates regarding Bitcoin production for the month of August 2025. The company's growth trajectory highlights significant advancements in its mining capabilities, reflecting its commitment to optimizing operational efficiency and achieving sustained profitability in the rapidly evolving blockchain landscape.

According to the newly released data, Cango produced a total of 663.7 Bitcoins in August 2025, surpassing the output of 650.5 Bitcoins from the previous month of July. This increase translates to an average daily production rate of 21.41 Bitcoins, compared to 20.99 Bitcoins per day recorded in July. Cango's total Bitcoin holdings also saw a remarkable boost, rising to 5,193.4 Bitcoins by the end of August, up from 4,529.7 Bitcoins at the end of the previous month.

The company's distributed hash rate remained steady at 50 EH/s, while its operational hash rate averaged 43.74 EH/s, indicating a 6.9% monthly increase and showcasing the effectiveness of its mining operations. Notably, Cango emphasizes its long-term holding strategy for Bitcoin, distinctly indicating that the company has no plans to sell any of its holdings at this time.

Cango's CEO, Paul Yu, described the advancements as a pivotal achievement for the organization. He stated, “With our new capacity of 50 EH/s fully operational since July, we have seen a significant month-over-month increase. Exceeding the 5,000 Bitcoin mark in our treasury is a strong validation of our strategic decisions. We are also actively enhancing our mining operations through targeted initiatives aimed at improving fleet efficiency. Our proactive maintenance ensures consistent performance, and our selective upgrades of older mining units to newer models will propel us further.”

Furthermore, Cango has recently made headlines with its acquisition of a 50 MW Bitcoin mining facility located in Georgia, USA. This move marks an important expansion in its operational footprint, allowing for enhanced mining capabilities and supporting its ambitions in the blockchain ecosystem. The company believes there's considerable potential for further operational optimization and aims to seize emerging opportunities in the energy sector and High-Performance Computing (HPC).

In addition to its Bitcoin mining efforts, Cango Inc. continues to maintain its international online used car export business through AutoCango.com. This platform simplifies global access to high-quality vehicle inventories sourced from China, catering to customers worldwide. Cango’s dual focus on cryptocurrency and automotive sectors demonstrates its strategic diversification strategy and commitment to innovation.

As Cango Inc. forges ahead, the company remains optimistic about the impact of technology advancements within the cryptocurrency realm and the potential for sustainable growth in the years to come. Future updates are expected to provide further insights into the company’s performance and operational strategies, keeping stakeholders informed and engaged.

For further information about Cango Inc., visit www.cangoonline.com. To reach the investor relations team, you can contact Juliet YE, Head of Communications at Cango Inc. via email at [email protected] or through Christensen Advisory at +852 2117 0861.

Overall, Cango Inc.'s latest updates not only highlight impressive production growth but also demonstrate a robust strategy for navigating the complexities of the cryptocurrency industry, positioning the company for ongoing success.