Cango Inc. Reports August 2025 Bitcoin Production and Mining Operations Update

Cango Inc. (NYSE: CANG) today released its Bitcoin production and mining operations update for August 2025. The company reveals key metrics including the number of Bitcoins produced, average daily production, total Bitcoin held, deployed hashrate, and operating hashrate. Unaudited estimates show that over 663.7 Bitcoins were mined in August. Cango’s CEO and Director Paul Yu commented on these achievements, highlighting the company’s long-term strategy for holding its Bitcoin holdings. He also detailed the company’s focus on operational efficiency improvements through initiatives aimed at boosting fleet efficiency. This includes maintenance of existing miners, upgrades to newer models, and the acquisition of a 50 MW Bitcoin mining facility in Georgia. Looking ahead, Cango aims to further optimize operations to capitalize on potential opportunities in the energy and HPC sectors.