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

Cango Inc. Announces October 2025 Bitcoin Production Update

Cango Inc. (NYSE: CANG) recently released its bitcoin production statistics and provided an insightful update on mining operations for October 2025. This well-established company has seen notable changes and advancements within its bitcoin mining business, reflecting its commitment to long-term sustainability and growth in the cryptocurrency market.

Bitcoin Production Statistics

In October 2025, Cango Inc. produced a total of 602.6 bitcoins, which is a slight decline from the 616.6 bitcoins produced in September 2025. On average, the company generated approximately 19.44 bitcoins per day during October, compared to 20.55 bitcoins per day the previous month. Despite the reduction in daily production, Cango maintained a strong position with a total of 6,412.6 bitcoins in its holdings by the end of October, showcasing a strategic increase from 5,810.0 bitcoins noted previously.

Operational Efficiency and Hashrate Metrics

Cango's efforts to enhance its operational capabilities have proved successful, as evidenced by an impressive average operational hashrate of 46.09 EH/s for October, up from 44.85 EH/s in September. The company reported its total hashrate to be consistent at 50 EH/s, indicating their optimized mining operations. CEO Paul Yu emphasized the company’s ability to increase the operational hashrate beyond 90% in October, illustrating the organization's commitment to efficiency and productivity.

Yu stated, “In October, we surpassed the milestone of holding 6,000 BTC, with total holdings exceeding 6,400 BTC by the month’s end. These achievements highlight our operational maturity as we approach the one-year milestone of our strategic transformation.” Additionally, Cango announced the termination of its ADR program and a planned direct listing of its common stock on the NYSE, which is expected to be finalized in November 2025. This move reiterates the company's dedication to establishing a significant presence within the United States market.

Future Potential and Strategic Focus

Looking ahead, Cango Inc. is positioned to leverage burgeoning opportunities in energy and artificial intelligence, aligning its strategic goals to tap into these growing sectors. The company remains focused on sustaining its momentum in the bitcoin mining space while continuing its international online business for exporting used vehicles via AutoCango.com.

This platform facilitates global customers with access to a quality inventory of vehicles sourced from China, promoting Cango’s commitment to diversifying its business portfolio.

As the cryptocurrency landscape continues to evolve, Cango Inc. exemplifies adaptability and operational excellence in its commitment to maximizing the potential of its bitcoin mining activities. Investors and stakeholders can look forward to more insightful updates and transparent communications from Cango as it navigates through the fast-paced world of cryptocurrencies.

For more detailed information and the latest updates, visiting their official website at www.cangoonline.com would be beneficial.

Investor Relations Contact

For inquiries related to investor relations, please reach out to:
Juliet Ye, Head of Communications, Cango Inc.
Email: [email protected]
Christensen Advisory
Tel: +852 2117 0861
Email: [email protected]

Cango Inc.'s ongoing projects and strategies surrounding bitcoin production reflect its position as a key player in the cryptocurrency market and exemplify its operational achievements in October 2025.