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

Cango Inc. Reports Remarkable Bitcoin Production Growth in July 2025

In a recent announcement, Cango Inc. (NYSE: CANG) unveiled its Bitcoin production and mining operations update for July 2025. The company has shown significant progress, highlighting impressive metrics compared to the previous month. As stated in the report, Cango produced a total of 650.5 Bitcoins in July, a staggering increase from the 450.0 Bitcoins mined in June. This surge translates into an average daily production of approximately 20.99 Bitcoins, marking a substantial growth from the prior month's 15.00 Bitcoins per day.

The update also reveals that Cango's total Bitcoin holdings rose to 4,529.7 Bitcoins at the end of July, increased from 3,879.2 Bitcoins in June. This growth is complemented by a notable enhancement in the company's hashing capabilities. The deployed hash rate has risen to 50 EH/s, a significant upgrade from the 32 EH/s recorded in June, showcasing a 45% month-over-month increase in production efficiency. Notably, during this period, the average operational hash rate was 40.91 EH/s.

Cango's CEO, Paul Yu, expressed optimism regarding the company's performance, stating, "With the addition of 18 EH/s at the end of June, our operational efficiency has greatly improved, allowing us to reach new heights in Bitcoin production. This notable performance underscores our commitment to operational excellence and our ambitions for future growth."

The company maintains a long-term investment strategy, as it currently holds onto its Bitcoin assets without plans for liquidation. Yu highlighted the vision for Cango, stating, "With our experienced management team now in place and an increasing treasury of Bitcoin from mining operations, we are focusing on establishing a solid foundation for vertical integration, aiming for a more resilient and diversified portfolio of mining sites and energy infrastructure."

As a company primarily engaged in Bitcoin mining, Cango operates strategically across several regions including North America, the Middle East, South America, and East Africa. Cango entered the cryptocurrency market in November 2024, propelled by advancements in blockchain technology and a growing acceptance of digital assets. Besides Bitcoin mining, Cango is also involved in the international online export of used vehicles through its platform, AutoCango.com, which facilitates access to quality vehicles sourced from China for global customers.

For further information about Cango and its initiatives, visit www.cangoonline.com. This dynamic company is well-positioned to capitalize on the ongoing evolution within the cryptocurrency landscape and is committed to enhancing its operational framework alongside its growth strategy.

Looking Ahead

Cango Inc. appears to be on a solid trajectory in Bitcoin production and can be expected to remain a key player in the cryptocurrency mining industry. Its balanced approach of diversifying operations and maintaining robust Bitcoin holdings reflects a strategic vision aimed at long-term success. Cango's journey underscores the importance of adaptability and innovation in a rapidly changing market.

In conclusion, with an expanding operational capacity and a clear focus on future goals, Cango Inc. is prepared to navigate the challenges and opportunities that lie ahead in the cryptocurrency field.