#USA #Blockchain #Hong Kong #Bitcoin Mining #Cango Inc

Cango Inc.'s Bitcoin Mining Operations Update for September 2025

Cango Inc. (NYSE: CANG) has recently published an update on its Bitcoin production and mining operations for September 2025, showcasing the company's commitment to operational excellence and efficiency in the rapidly evolving cryptocurrency landscape. As the company continues to expand globally, these developments are indicative of its potential growth trajectory in the Bitcoin mining sector.

Monthly Highlights

In September 2025, Cango produced 616.6 Bitcoins, reflecting a slight decrease from 663.7 Bitcoins in August. The average daily Bitcoin production was approximately 20.55 Bitcoins, compared to 21.41 Bitcoins in the previous month. Despite this decline, the total Bitcoin held by the company increased significantly, amounting to 5,810 Bitcoins by the end of September, up from 5,193.4 Bitcoins at the end of August.

One of the noteworthy aspects of Cango's operations is its consistent hashing power output, which stood at 50 EH/s in both August and September. The average operational hashrate also improved, reaching 44.85 EH/s from 43.74 EH/s the month prior, indicating a more efficient use of their mining resources.

Strategic Developments

CEO Paul Yu commented on the operational achievements, stating, "Our relentless focus on operational excellence and fleet efficiency continues to yield results across all our global mining efforts. This month, we increased our operational hashrate to 89.7% and bolstered our Bitcoin treasury to over 5,800 BTC. We are firmly on track to fully capitalize on our 50 EH/s capability, ensuring continuous growth in our hashrate."

Cango has adopted a long-term holding strategy for its Bitcoin reserves, steering clear of immediate sales, which highlights its commitment to growing its asset base.

In addition to its Bitcoin mining endeavors, Cango is exploring expansion opportunities in the high-performance computing (HPC) industry, where promising initiatives are being identified to create long-term value. The company believes that leveraging its position in the global market, coupled with an asset-light model, will facilitate its entry into this high-growth area.

About Cango Inc.

Cango Inc. is strategically positioned in the Bitcoin mining industry with operations spread across North America, the Middle East, South America, and East Africa. Having entered the cryptocurrency space in November 2024, the company has capitalized on advancements in blockchain technology and the increasing adoption of digital assets, all while continuing its international online used car export business at AutoCango.com. This platform provides global customers access to high-quality vehicles sourced from China, further diversifying its operational footprint.

For more details about Cango Inc., visit www.cangoonline.com.

Investor Contact

For inquiries related to investor relations, Juliet Ye heads communications at Cango Inc. She can be reached at [email protected]. Additionally, Christensen Advisory, located at Tel +852 2117 0861, can be contacted for further assistance.

Conclusion

As Cango Inc. continues to enhance its operational efficiencies and expand its mining capabilities, the company's focus on long-term Bitcoin holdings and market opportunities in HPC positions it well for sustained growth in the increasingly competitive cryptocurrency market. As observers in the industry, it's exciting to see how Cango will navigate the future of Bitcoin mining and blockchain adoption.