Cango Inc. Provides Significant Update on Bitcoin Production and Mining Operations

Cango Inc. (NYSE: CANG), a leader in the Bitcoin mining sector, recently released its mining operations update for August 2025, showcasing remarkable growth in Bitcoin production and mining efficiency. This report reveals the company's strategy for sustainable growth and operational enhancements following the recent increase in its mining capacity.

In the month of August, Cango achieved a total Bitcoin production of 663.7 BTC, showing an increase from 650.5 BTC produced in July. The average Bitcoin produced per day also saw an uptick, rising to 21.41 BTC from 20.99 BTC. As of the end of August, Cango's total Bitcoin holdings reached 5,193.4 BTC, up from 4,529.7 BTC the previous month. The company's effective hash rate remained stable at 50 EH/s, while its average operating hash rate improved to 43.74 EH/s, up by 6.9% from last month.

Paul Yu, CEO and Director of Cango, expressed his satisfaction with the company's progress, stating, "With our new capacity of 50 EH/s that has been fully operational since July, we have seen significant growth in our average hash rate. This month’s production of 663.7 BTC has allowed us to surpass the 5,000 BTC mark in our holdings. This achievement validates our business strategy and strengthens our foundation for sustainable growth.”

Cango Inc.’s operational enhancements involved several strategic initiatives aimed at improving fleet efficiency, such as meticulous maintenance of existing equipment, selective upgrades of older miners to next-generation models, and the recent acquisition of a 50 MW Bitcoin mining facility located in Georgia, USA. Yu highlighted that the company is poised to further optimize its operational efficiency and explore new opportunities in energy and high-performance computing sectors in the future.

Cango has established itself not only in the Bitcoin mining arena but also operates a global used car export business through AutoCango.com, making high-quality vehicles from China accessible to global customers.

With a strategic presence across North America, the Middle East, South America, and East Africa, Cango Inc. is well-positioned to leverage advancements in blockchain technology and the increasing acceptance of digital assets. The company remains committed to diversifying its business portfolio and optimizing its operations for long-term success.

For further information, interested parties can explore Cango's operations at www.cangoonline.com. Investors can obtain more specific updates by contacting their investor relations team.

Contact for Investor Relations

- Juliet Ye

Head of Communications, Cango Inc.
Email: [email protected]
Christensen Advisory
Telephone: +852 2117 0861
Email: [email protected]

Cango Inc. continues to demonstrate its capacity for growth and innovation in the cryptocurrency sphere, and its ongoing developments will be closely monitored by analysts and investors alike as it strides into the future of Bitcoin mining and digital asset management.