Cango Inc. Reports November 2025 Mining Production and Operations Insights

Cango Inc. (NYSE: CANG) has recently provided an update on its Bitcoin production and mining operations for November 2025, showcasing a detailed performance evaluation. The company produced a total of 546.7 Bitcoins during this month, witnessing a decline from 602.6 Bitcoins in October. This decrease translates to an average of approximately 18.22 Bitcoins mined daily, compared to the 19.44 Bitcoins recorded in the previous month.

As the company continues to optimize its strategies, it successfully held a total of 6,959.3 Bitcoins by the end of November, an increase from 6,412.6 Bitcoins in October. This growth demonstrates the company’s commitment to maintaining its Bitcoin reserves for long-term ventures, illustrating their focus on the potential future value of cryptocurrencies.

Cango's hashrate, which refers to the computational power used when mining Bitcoins, remained steady at 50 EH/s (exahashes per second). However, the average operating hashrate showed a slight drop, down to 44.38 EH/s from 46.09 EH/s. This operational efficiency is a testament to Cango’s dedicated efforts in enhancing its mining capabilities.

CEO Commentary

Cango's CEO, Paul Yu, commented on the company's performance, noting that November marked a year since it undertook a strategic transformation. He highlighted the achievements made possible by the increased deployed hashrate from 32 EH/s to 50 EH/s earlier in the year. Yu expressed pride in operating at average hashrate levels near 90%, demonstrating a consistent and efficient operation.

He further discussed the company's transition to the New York Stock Exchange, signaling a shift from an American Depositary Receipt (ADR) program to direct share ownership. This move not only enhances visibility within the U.S. market but also aligns with Cango’s long-term vision of evolving into a global AI compute network powered by green energy sources.

Company Background

Founded in November 2024, Cango Inc. primarily focuses on Bitcoin mining, strategically positioning its operations across various regions including North America, the Middle East, South America, and East Africa. The impetus for this venture into cryptocurrency has been spurred by significant progress in blockchain technology and the increasing acceptance of digital assets worldwide. Alongside Bitcoin mining, Cango also runs AutoCango.com, an online platform streamlining the international export of pre-owned vehicles, thus diversifying its business portfolio.

Cango Inc.'s commitment to expanding its footprint in both the cryptocurrency and automotive sectors marks a promising trajectory as it aligns itself with the principles of sustainable growth and innovation.

For further inquiries, more details about Cango Inc. can be gathered through their official website. Investors and interested parties can also reach out to their communications head, Juliet Ye, or the Christensen Advisory for specific questions regarding the company's operational updates or future strategies.