HONG KONG, September 2, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), referred to as “Cango” or the “Company,” has released its latest figures regarding Bitcoin production and mining activities for the month of August 2025.
Cango Inc. Announces Bitcoin Mining Production and Operations Update for August 2025
|
Key Metric |
August 2025 1 |
July 2025 1 |
|
Bitcoin Mined |
663.7 |
650.5 |
|
Daily Bitcoin Production (Average) |
21.41 |
20.99 |
|
Total Bitcoin Holdings 2 |
5,193.4 |
4,529.7 |
|
Total Hashrate Deployed |
50 EH/s |
50 EH/s |
|
Average Hashrate in Operation 3 |
43.74 EH/s |
40.91 EH/s |
|
1 Estimates provided are unaudited. |
|
2 Figures reflect holdings at the close of the month. |
|
3 Reflects the monthly average. |
|
Important Note: Cango is committed to a long-term holding strategy for its Bitcoin and has no current plans to sell any of its cryptocurrency assets. |
According to Paul Yu, Cango’s CEO and a member of its Board of Directors, the company’s average operational hashrate experienced a 6.9% increase compared to the previous month, a direct result of its full 50 EH/s deployed capacity being operational since July. He also stated that he is pleased to announce the mining of 663.7 Bitcoins during August, pushing their Bitcoin reserves past the 5,000 milestone. Yu emphasized the accomplishment as validation of the company’s strategic direction and stated that it bolsters the company’s foundation for continued expansion. Yu further explained that the company has continued to improve its mining operations through initiatives geared toward improving fleet performance, including regular upkeep, strategically upgrading older miners to newer, more efficient models, and recently acquiring a 50 MW Bitcoin mining facility located in Georgia, USA. He added that Cango believes there is significant room for further operational improvements as well as the opportunity to benefit from emerging trends in the energy and high-performance computing (HPC) sectors.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a company primarily focused on Bitcoin mining operations, with a global footprint across North America, the Middle East, South America, and East Africa. The company expanded into the digital asset market in November 2024, drawn by innovation in blockchain technologies, the increasing acceptance of digital currencies, and a strategic objective to expand its business operations. Cango also maintains an online platform, AutoCango.com, facilitating the export of pre-owned vehicles internationally, giving international buyers access to a wide selection of vehicles from China. More information can be found at www.cangoonline.com.
Investor Relations
Juliet YE, Communications Lead
Cango Inc.
Email: ir@cangoonline.com
Christensen Advisory
Phone: +852 2117 0861
Email: cango@christensencomms.com
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