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HONG KONG, Nov. 3, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today released its Bitcoin mining and production operations update for October 2025.
Bitcoin Mining Production and Operations Update for October 2025
Metric
October 2025 1
September 2025 1
Number of Bitcoins produced
602.6
616.6
Average number of Bitcoin produced per day
19.44
20.55
Total number of Bitcoins held 2
6412.6
5,810.0
Hashrate implemented
50 eh/s
50 eh/s
Average operating hashrate 3
46.09 eh/s
44.85 eh/s
1. Unaudited, estimated.
2. Starting at the end of the month.
3. Average for 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: “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 at the end of the month. These achievements highlight the operational maturity we have achieved as we approach the one-year mark of our strategic transformation. In October, we announced the termination of our ADR program and planned direct listing. of our common shares on the New York Stock Exchange, which we expect to complete in November. This further reinforces our commitment to operating as a US-focused organization. We believe these operational and financial milestones place us in a strong position to capture value from emerging opportunities in energy and artificial intelligence in the future.
About Cango Inc.
Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed in North America, the Middle East, South America and East Africa. The Company entered the cryptoasset space in November 2024, driven by advances in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an international online used car export business through AutoCango.commaking it easier for global customers to access China’s high-quality vehicle inventory. For more information, visit: www.cangoonline.com.
Investor Relations Contact
Juliet YE, Head of Communications
Cango Inc.
Email: [email protected]
Christensen Consulting
Telephone: +852 2117 0861
Email: [email protected]
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