1. Cango produced 616.6 BTC in September 2025, down from 663.7 BTC in August. 2. Company's total Bitcoin held increased to 5,810 BTC compared to 5,193.4 BTC. 3. Operational hashrate improved to 89.7%, supporting Bitcoin mining efficiency. 4. Cango plans to expand into high-performance computing for long-term growth. 5. CEO emphasizes ongoing operational excellence across global mining operations.
Despite a small decrease in monthly BTC production, Cango’s overall Bitcoin holdings have increased significantly, indicating a solid strategy for managing assets amidst market fluctuations. Historical instances show that consistent production paired with asset retention can help stabilize stock prices in volatile sectors, especially within crypto markets.
The operational updates highlight Cango's resilience in Bitcoin production, a critical indicator for investors in the crypto mining sector, thus having a notable influence on stock behavior.
Cango’s strategic expansion into high-performance computing represents a long-term growth opportunity. Similar strategic pivots in other companies, such as Nvidia's focus on AI, have previously led to substantial market gains over time.
HONG KONG, Oct. 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for September 2025.
Bitcoin Mining Production and Mining Operations Update for September 2025
Metric | September 2025 1 | August 2025 1 |
Number of Bitcoin produced | 616.6 | 663.7 |
Average number of Bitcoin produced per day | 20.55 | 21.41 |
Total number of Bitcoin held 2 | 5,810.0 | 5,193.4 |
Deployed hashrate | 50 EH/s | 50 EH/s |
Average operating hashrate 3 | 44.85 EH/s | 43.74 EH/s |
1. Unaudited, estimated. |
2. As of month-end. |
3. Average over the month. |
Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. |
Paul Yu, CEO and Director of Cango, commented, "Our relentless focus on operational excellence and fleet efficiency continues to deliver results across our global mining operations. This month, we've grown our operational hashrate to 89.7%, increased our Bitcoin treasury to over 5,800 BTC. We remain firmly on track to unlock the full potential of our 50 EH/s, ensuring a continued upward trajectory for our hashrate. This success, supported by our global footprint and asset-light model, positions us to expand into high-performance computing (HPC), where we've already identified promising initiatives to create significant long-term value."
About Cango Inc.
Cango Inc. (NYSE:CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.
Investor Relations Contact
Juliet YE, Head of Communications
Cango Inc.
Email: ir@cangoonline.com
Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com
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SOURCE Cango Inc.