Cango Inc. Reports Significant Increase in Bitcoin Production for July 2025

Cango Inc. (NYSE: CANG), an increasing player in the Bitcoin mining sector, has revealed an impressive update regarding its Bitcoin production activities for July 2025. The company, noted for its commitment to expanding its operations, reported a record production of 650.5 Bitcoin for the month, marking an extraordinary 45% increase from the previous month’s total of 450 Bitcoin.

This surge in output was largely due to an upgrade in operational capacity, as stated by Paul Yu, CEO of Cango Inc. Yu highlighted that the distributed hashrate grew to 50 EH/s (exahashes per second), compared to 32 EH/s in June. The average operational hashrate for the month was recorded at 40.91 EH/s, a significant jump from the 29.92 EH/s observed previously. This technical enhancement not only demonstrates Cango's operational efficiency but also its ambition to grow in the fast-paced cryptocurrency landscape.

The metrics reveal that Cango also increased its total Bitcoin holdings to 4,529.7 Bitcoin by the end of July from 3,879.2 Bitcoin at the end of June. This strategy of holding Bitcoin rather than selling it illustrates Cango's long-term confidence in cryptocurrency as a valuable asset class.

CEO Paul Yu commented, "Our robust operational performance is a testament to our dedicated team and the strategic investments we've made in improving our mining infrastructure. With newly acquired expertise in our management team and assets accumulating from our mining operations, we are laying the groundwork for a vertically integrated model that aims to diversify our portfolio and secure our position in the market."

Cango Inc. focuses on strategically global operations in Bitcoin mining, with an extensive presence across North America, the Middle East, South America, and East Africa. The company's entry into the cryptocurrency market in late 2024 was spurred by advances in blockchain technology, rising digital asset adoption, and a commitment to diversifying its business portfolio. Alongside its Bitcoin endeavors, Cango maintains an online platform, AutoCango.com, which enhances international access to high-quality used vehicles from China.

In light of this significant production update, Cango Inc. is poised for further growth within the Bitcoin mining industry, aiming to capitalize on increasing trends in cryptocurrency adoption and infrastructure development. As it continues to refine its operations and expand its capacities, the company stands at a pivotal juncture in shaping its future in the digital currency realm.

For more information about Cango Inc. and its operations, visit www.cangoonline.com.

Contact Information

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

This performance highlights Cango's commitment to its strategic objectives and the potential for upcoming advancements in Bitcoin mining operations.