HONG KONG, Nov. 3, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today published its Bitcoin production and mining operations update for October 2025.
Bitcoin Mining Production and Mining Operations Update for October 2025
| | | |
| Number of Bitcoin produced | 602.6 | 616.6 |
| Average number of Bitcoin produced per day | 19.44 | 20.55 |
| Total number of Bitcoin held 2 | 6412.6 | 5,810.0 |
| Deployed hashrate | 50 EH/s | 50 EH/s |
| Average operating hashrate 3 | 46.09 EH/s | 44.85 EH/s |
| | ||
Paul Yu, CEO and Director of Cango, commented, “In October, we increased our average operating hashrate to over 90%, while our Bitcoin holdings surpassed the 6,000 BTC milestone, reaching a total of just over 6,400 BTC by month-end. These achievements highlight the operational maturity we have attained as we near the one-year mark of our strategic transformation. In October, we announced the termination of our ADR program and the planned direct listing of our ordinary shares on the NYSE, which we expect to complete in November. This further reinforces our commitment to operating as a U.S.-centric organization. We believe these operational and financial milestones put us in a strong position to capture value from emerging opportunities in energy and AI going forward.”
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
Logo – https://mma.prnewswire.com/media/2675436/CANG_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update-302602358.html
RIYADH, Saudi Arabia, Nov. 9, 2025 /PRNewswire/ -- The Small and Medium Enterprises General Authority…
With the industry's most advanced quantum systems and proven ability to scale, Quantinuum is on…
Workers at hotels owned by RLJ Lodging Trust on both coasts walk off the job…
NEW YORK--(BUSINESS WIRE)--ByHeart, a next-generation baby nutrition company, announced today that, out of an abundance…
HONG KONG, Nov. 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) today released a letter…
November 08, 2025 17:13 ET | Source: Intellia Therapeutics, Inc. Deep, stable and durable reductions…