#USA #Bitcoin #Hong Kong #mining #Cango

Cango Inc. Updates Bitcoin Production and Mining Activities for September 2025

Cango Inc. (NYSE: CANG) has recently shared key updates concerning its Bitcoin production and mining activities for September 2025. The company has continued to enhance its operational efficiency and expand its Bitcoin reserves, as indicated in the latest report released on October 3, 2025. Here’s a detailed look at the metrics shared by Cango:

Key Production Metrics

• - Bitcoin Produced: 616.6 BTC in September 2025 compared to 663.7 BTC in August 2025.
• - Average Daily Production: The average number of Bitcoin produced per day was 20.55, a decrease from the previous month’s 21.41.
• - Total Bitcoin Held: As of the end of September, Cango held a total of 5,810 BTC, reflecting an increase from 5,193.4 BTC in August.
• - Hash Rate: The company maintained a hash rate of 50 EH/s with an average operational hash rate climbing to 44.85 EH/s from 43.74 EH/s the prior month.

Despite the slight decline in production numbers, Cango's confidence remains intact, with plans to further optimize its mining operations moving forward. Company CEO Paul Yu noted, “Our unyielding focus on operational excellence and fleet efficiency continues to yield results in our worldwide mining undertakings.”

Insights from Management

Mr. Yu emphasized the company’s strategic intention to hold Bitcoin over the long term and reiterated that there are no current plans to divest any of their Bitcoin holdings. The firm’s successful rise in operational hash rate to 89.7% underlines its commitment to harnessing its full capacity of 50 EH/s.

“This success, buoyed by our global footprint and asset-light model, equips us to expand into the high-performance computing (HPC) sector, where we have already identified promising initiatives to create significant long-term value,” added Yu, highlighting the company's proactive approach in evolving with market demands.

About Cango Inc.

Cango Inc. primarily operates in the Bitcoin mining sector and boasts strategic locations across North America, the Middle East, South America, and East Africa. Entering the crypto-asset market in late 2024, Cango’s business model reflects advancements in blockchain technology and the growing acceptance of digital assets.

In conjunction with its mining operations, Cango operates AutoCango.com, which facilitates access for global customers to high-quality vehicles from China. This dual focus reinforces Cango's diversified growth strategy.

For further details regarding Cango’s operations, visit www.cangoonline.com.

To stay updated on their development, investors and interested stakeholders can reach out to Juliet Ye, Head of Communications at Cango Inc. via email at [email protected] or through Christensen Advisory at +852 2117 0861.