Cango Inc. Announces November 2025 Bitcoin Mining Operations Update
Overview of Cango’s Bitcoin Production
On December 5, 2025, Cango Inc. (NYSE: CANG) provided an important update regarding its Bitcoin production and mining operations for November 2025. This release reflects the company’s continuous progress and strategic vision in the rapidly evolving cryptocurrency landscape.
Bitcoin Production Metrics
For November 2025, Cango produced a total of 546.7 BTC, a slight decrease from the 602.6 BTC produced in October 2025. The average daily production during November was approximately 18.22 BTC, compared to 19.44 BTC in the previous month. While the numbers indicate a reduction in output, it’s important to view these figures within the context of the company’s broader operational goals and market conditions.
Bitcoin Holdings and Hashrate Performance
Cango has significantly expanded its Bitcoin holdings, increasing from 6,412.6 BTC in October to 6,959.3 BTC by the end of November. This shift reflects the company’s long-term commitment to holding its Bitcoin assets, as Cango currently does not plan to divest any of its holdings.
The deployed hashrate during November remained stable at 50 EH/s, a figure consistent since earlier this year. However, the average operating hashrate saw a decline, dropping to 44.38 EH/s from 46.09 EH/s in October. Optimizing this hashrate is crucial in maintaining competitiveness and operational efficiency in Bitcoin mining.
Strategic Transformation and Future Outlook
Paul Yu, CEO of Cango, touted November as a pivotal month marking the one-year anniversary of the company’s strategic transformation. He emphasized that the increase in deployed hashrate and effective operational optimization strategies led to an average operational efficiency nearing 90%. These achievements lay a solid foundation for Cango’s ambition to transition from a robust Bitcoin miner to a major player in the global AI compute network powered by sustainable energy.
Transition to the New York Stock Exchange
In addition to operational metrics, Cango has successfully transitioned to the New York Stock Exchange (NYSE), marking a significant milestone in its growth strategy. The move away from the American Depository Receipt (ADR) program to direct share ownership enhances visibility and alignment within the U.S. market, potentially attracting more investors and improving shareholder engagement.
Expanded Business Ventures
Cango Inc. is not solely focused on Bitcoin mining; the company is also involved in the international used car export business through its platform, AutoCango.com. With a mission to enhance the accessibility of high-quality vehicle inventory from China, Cango is diversifying its portfolio while leveraging advancements in blockchain technology and the growing acceptance of digital assets.
Investor Relations
For those interested in following Cango’s developments and investment opportunities, Juliet Ye, Head of Communications, provides insights through various channels. Investors can reach out via email or through Christensen Advisory for further inquiries, reflecting Cango’s commitment to keeping stakeholders informed and engaged.
As the cryptocurrency landscape continues to evolve, Cango Inc. positions itself as a multifaceted player, balancing its traditional operations with innovative approaches in the digital asset space.
