Cango Inc., listed on the NYSE under the ticker CANG, has disclosed its Bitcoin production and mining operations results for October 2025. In a recent update, the company reported a total of 602.6 Bitcoin mined during the month, slightly down from the 616.6 Bitcoin produced in September 2025. This translates to an average of 19.44 Bitcoin mined per day, a drop from the previous month’s daily average of 20.55 Bitcoin.
As of the end of October, Cango holds a total of 6,412.6 Bitcoin, a notable increase compared to the 5,810 Bitcoin it had at the end of September. The company maintained a deployed hashrate of 50 EH/s, while its average operating hashrate improved to 46.09 EH/s, up from 44.85 EH/s in the previous month.
CEO Paul Yu highlighted the company’s operational progress, noting that the average operating hashrate exceeded 90% during October. The increase in Bitcoin holdings surpassed the significant milestone of 6,000 BTC, reflecting the strategic advancements the company has made since embarking on its transformation less than a year ago.
In October, Cango also announced the termination of its American Depositary Receipt (ADR) program and revealed plans for a direct listing of its ordinary shares on the NYSE, which is expected to be concluded in November. This move aligns with Cango’s commitment to operating as a U.S.-centric organization. Yu emphasized that these milestones position Cango to capitalize on emerging opportunities in energy and artificial intelligence sectors.
Cango Inc. primarily focuses on Bitcoin mining, with operations spread across North America, the Middle East, South America, and East Africa. The company entered the cryptocurrency space in November 2024, responding to advancements in blockchain technology and the increasing adoption of digital assets. In addition to its mining activities, Cango maintains an online international used car export platform through AutoCango.com, which facilitates access to quality vehicle inventory from China for global customers. For further inquiries, investor relations contact details have been provided for potential engagement.
