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

Cango Inc. Updates Bitcoin Production and Mining Operations for October 2025

Cango Inc. (NYSE: CANG), a company known for its foray into the Bitcoin mining sector, has released an operational update regarding its Bitcoin production and mining efforts for October 2025. The report demonstrates a notable growth in both production and operational capacities.

Key Metrics Observed

In October 2025, Cango produced 602.6 Bitcoin, slightly down from 616.6 Bitcoin the previous month. The average production per day was recorded at 19.44 Bitcoin, a decrease from 20.55 Bitcoin in September. Though the daily production saw a minor decline, the total number of Bitcoin held by the company significantly increased from 5,810 to 6,412.6 Bitcoin by month-end.

The company's deployed hash rate remained steady at 50 EH/s, while the average operational hash rate improved to 46.09 EH/s, compared to September's 44.85 EH/s. This increase highlights Cango's commitment to enhancing its mining efficiency, achieving over 90% average operational hash rate during the month.

Strategic Enhancements

During an official statement, Paul Yu, the CEO of Cango, emphasized the company's operational maturity and strategic advancements. Cango recently marked the completion of its American Depository Receipt (ADR) program and plans to list its ordinary shares directly on the New York Stock Exchange (NYSE). These achievements reflect the company’s aim to reinforce its presence as a U.S.-centric organization, which positions it strongly for emerging opportunities in the energy and artificial intelligence sectors.

Yu remarked, “In October, our improvements in Bitcoin holdings combined with our hash operations underscore the effective operational management we've realized as we approach the anniversary of our strategic transformation.” The leaders at Cango expect these operational and financial milestones to enhance their competitive edge in the evolving cryptocurrency landscape.

Cango's Business Model

Founded in 2024, Cango has strategically expanded its operations across North America, the Middle East, South America, and Eastern Africa, capitalizing on the growing acceptance of digital assets. Coupled with its Bitcoin mining endeavors, Cango continues to facilitate global access to high-quality used vehicles through its online platform, AutoCango.com. This dual approach not only diversifies its business portfolio but also supports its long-term growth goals.

Cango's commitment to Bitcoin mining not only reflects an innovative application of blockchain technologies but also emphasizes the company's belief in cryptocurrencies as a sustainable investment. Moving forward, Cango is poised to explore further advancements in energy utilization and AI initiatives, hinting at a future where these technologies converge seamlessly.

For more information about Cango Inc. and its current operations, visit their official website www.cangoonline.com.

Investor Relations Contact

For any investor inquiries or additional details, interested parties can reach out to Juliet Ye, Head of Communications at Cango Inc. through email at [email protected] or contact Christensen Advisory at +852 2117 0861.