Cango Inc. Expands Horizons by Joining the Bitwise Bitcoin Standard Corporations ETF

Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF

Cango Inc. (NYSE: CANG), a prominent player in Bitcoin mining and automotive transaction services in China, has made headlines by being included in the newly launched Bitwise Bitcoin Standard Corporations ETF. This move, announced on March 18, 2025, forms part of an ongoing effort by Cango to leverage its expertise in the rapidly evolving cryptocurrency market.

On March 11, 2025, the Bitwise Asset Management unveiled the ETF, which aims to track the performance of corporations possessing a significant reserve of Bitcoin. Specifically, to qualify for the ETF, a company must hold a minimum of 1,000 Bitcoins, providing a unique opportunity for investors seeking to gain exposure to the growing Bitcoin market through publicly traded corporations.

With this strategic inclusion, Cango's Chief Executive Officer, Mr. Jiayuan Lin, expressed pride about the recognition. He stated, "Our inclusion highlights the industry's acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time." Cango's shift to Bitcoin mining in Q4 2024 has proven fruitful as the company is currently leading the industry with an impressive productivity rate of 17.81 Bitcoin per EH/s and maintaining an impressive hashrate of 32 EH/s, which positions it as the third largest globally.

The move to join the Bitwise Bitcoin Standard Corporations ETF is not just an acknowledgment of Cango's achievements, but also a testament to its resilience and adaptability in a fast-changing market. Cango originally began its operations focusing on automotive transaction services in China in 2010, which aimed to simplify and enhance the car buying experience. However, recognizing the potential in the cryptocurrency realm, the company expanded into Bitcoin mining.

Since its transition, Cango has been at the forefront, deploying its mining operations across various strategic global locations including North America, the Middle East, South America, and East Africa. This global reach enables Cango to tap into diverse markets while diversifying its portfolio in the crypto asset landscape.

Looking ahead, Cango remains committed to fostering operational flexibility and ensuring sustained growth in the blockchain space. Lin emphasized the forward-thinking nature of Cango's business model, stating that it positions the company favorably for future market trends in cryptocurrency.

As of now, the company is set to further develop its blockchain-driven business strategies while continuing to meet the demands of its automotive services. The dual focus allows Cango to not only thrive in the Bitcoin industry but also maintain its roots in automotive transactions, thereby continuing to provide value to its customers.

Cango's forward-looking approach is crucial as the global market for cryptocurrencies continues to mature. With partnerships and collaborations on the horizon, the company is poised for exciting opportunities in both its mining operations and its automotive services. By remaining adaptable and leveraging its strengths, Cango Inc. is redefining itself in the digital economy.

To learn more about Cango and its operations, visit Cango Online Official Site.