Hong Kong, August 5, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”) has released its latest report detailing Bitcoin mining production and operational performance for the month of July 2025.
Bitcoin Production and Mining Update: July 2025
|
Key Performance Indicator |
July 2025 1 |
June 2025 1 |
|
Bitcoin Mined |
650.5 |
450.0 |
|
Average Daily Bitcoin Production |
20.99 |
15.00 |
|
Total Bitcoin Holdings 2 |
4,529.7 |
3,879.2 |
|
Hashrate Deployed |
50 EH/s |
32 EH/s |
|
Average Operational Hashrate 3 |
40.91 EH/s |
29.92 EH/s |
|
1. Preliminary figures, subject to final audit. |
|
2. Figures reflect holdings as of the last day of the month. |
|
3. Average calculated across the entire month. |
|
Important Note: Cango’s strategy involves holding Bitcoin for the long-term, with no present intention to liquidate its Bitcoin assets. |
Paul Yu, Chief Executive Officer and a Director at Cango, stated, “The deployment of an additional 18 EH/s at the close of June boosted our deployed hashrate to 50 EH/s in July. This expansion facilitated a significant 45% increase in monthly Bitcoin production, reaching 650.5. Maintaining an average operational hashrate of 40.91 EH/s throughout the month highlights both our effective operational capabilities and considerable potential for future growth as we scale our operations. This strong showing not only demonstrates our dedication to achieving results but also bolsters our objective to accelerate future production output.”
“With a reinvigorated and experienced leadership team now in place, coupled with an expanding Bitcoin reserve derived from our mining activities, we are concentrating our efforts on establishing a vertically integrated structure. This will facilitate a transition toward a more diversified and robust array of mining locations and energy infrastructure solutions.”
About Cango Inc.
Cango Inc. (NYSE: CANG) focuses on the mining of Bitcoin, with strategic operational sites across North America, the Middle East, South America, and East Africa. The firm entered the digital asset sector in November of 2024, spurred by progress in blockchain technology, the increasing acceptance of digital currencies, and a strategic initiative to diversify its business activities. Concurrently, Cango continues to operate its international online used vehicle export business via AutoCango.com, providing global buyers with streamlined access to quality used vehicles sourced from China. Additional details are available at www.cangoonline.com.
Investor Inquiries
Juliet YE, Communications Lead
Cango Inc.
Email: [email protected]
SOURCE Cango Inc.