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

Cango Inc. Bitcoin Production Update for October 2025

Cango Inc. (NYSE: CANG) has released its production update for Bitcoin along with insights on its mining activities for October 2025. The figures reflect a dynamic month in which the company aimed to optimize performance and seize growth opportunities within the cryptocurrency landscape.

Production Overview

In October 2025, Cango produced a total of 602.6 Bitcoins, slightly down from 616.6 Bitcoins in September. This translates to an average daily output of about 19.44 Bitcoins, compared to 20.55 Bitcoins the previous month. By the end of the month, Cango’s total Bitcoin holdings reached 6,412.6 Bitcoins, a significant increase from 5,810.0 Bitcoins at the close of September.

Cango has maintained a consistent hash rate of 50 EH/s, and the average operational hash rate rose to 46.09 EH/s, up from 44.85 EH/s in September.

Note: All figures are unverified estimates. Cango holds its Bitcoin long-term and has no current plans to sell its reserves.

Strategic Developments

Paul Yu, the CEO and Director of Cango, expressed pride in achieving operational maturity as they surpassed the 6,000 Bitcoin milestone. He noted, “Our average hash rate exceeded 90% in October, showcasing our commitment to enhancing production capacity.” Alongside these achievements, Cango announced the discontinuation of its ADR program and plans for a direct listing of its common stock on the NYSE in November, reaffirming its dedication to operating as a U.S.-based entity.

Cango’s strategic shift into the realm of crypto assets began in November 2024, influenced by advancements in blockchain technology and a growing acceptance of digital assets. This move aims to diversify the company's portfolio while harnessing the continuing growth of cryptocurrencies.

Cango Inc. is primarily engaged in Bitcoin mining, with strategic locations across North America, the Middle East, South America, and East Africa. Furthermore, through AutoCango.com, they continue to operate an international online platform for exporting used cars, providing customers worldwide access to a quality vehicle inventory from China.

Looking ahead, Cango aims to leverage newfound operational and financial milestones to capitalize on opportunities in energy and AI sectors, positioning itself strongly for the future.

Conclusion

Cango Inc.’s latest update showcases both its operational growth in Bitcoin production and a strategic pivot towards enhancing its standing in the emerging digital asset landscape. As the company continues to navigate the rapidly evolving cryptocurrency realm, stakeholders can anticipate continued innovation and industry leadership from Cango Inc.

For more information, please visit Cango’s official website.

Investor Contact:
Juliet Ye, Communications Director, Cango Inc.
Email: [email protected]
Phone: +852 2117 0861