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Cango Inc. Releases October 2025 Bitcoin Production and Mining Operations Report

Cango Inc. Bitcoin Production Update for October 2025

Cango Inc. (NYSE: CANG), a notable player in the cryptocurrency mining sector, released its production report for October 2025. In this report, the company detailed significant metrics concerning its Bitcoin mining operations, revealing both growth in Bitcoin production and an increase in total Bitcoin holdings.

Key Highlights

In October 2025, Cango produced a total of 602.6 bitcoins, slightly down from 616.6 bitcoins in September 2025. The average daily production also saw a decrease, dropping from 20.55 bitcoins per day in September to 19.44 bitcoins per day in October. Despite this slight dip in production, the company experienced a notable increase in its total Bitcoin holdings, which rose to 6,412.6 bitcoins from 5,810.0 bitcoins.

Hash Rate Performance

Cango maintained a deployed hash rate of 50 EH/s, ensuring consistent mining capability. The average operational hash rate, however, showed improvement, increasing from 44.85 EH/s in September to 46.09 EH/s in October. These figures reflect Cango's commitment to optimizing its mining operations.

Strategic Developments

Paul Yu, the CEO of Cango, commented on the company's operational enhancements throughout October. He noted that the company achieved an operational efficiency rate exceeding 90%, underscoring its operational maturity nearing the anniversary of its strategic transformation.

Yu also announced the conclusion of the company's American Depository Receipt (ADR) program, with plans to transition its common stock to a direct listing on the NYSE, expected to be completed in November. He emphasized that this move highlights Cango's commitment to functioning as a U.S.-centric organization.

Future Prospects

Looking ahead, Cango believes that its strategic and financial steps position the company to leverage emerging opportunities in the energy and artificial intelligence sectors. With its increasing Bitcoin assets and operational prowess, Cango aims to identify and capture future growth avenues.

About Cango Inc.

Founded to specialize in Bitcoin mining, Cango Inc. has strategically set its operations across North America, the Middle East, South America, and East Africa. The company's foray into the cryptocurrency world in November 2024 was fueled by innovations in blockchain technology and the growing acceptance of digital assets. In addition to its mining operations, Cango offers online export services for pre-owned vehicles through AutoCango.com, enhancing global access to high-quality vehicles from China.

For more information about Cango Inc. and its activities, visit www.cangoonline.com.