Cango Inc. Reports December Bitcoin Production Growth Amid Market Challenges

06.01.2026 29 times read 0 Comments

Cango Inc. Updates on Bitcoin Production and Mining Operations for December 2025

Cango Inc. (NYSE: CANG), a leading Bitcoin miner, has released its update on Bitcoin production and mining operations for December 2025. The company reported a total of 569 Bitcoins produced in December, with an average daily production of 18.35 Bitcoins, slightly up from 18.22 in November 2025. Cango's total Bitcoin holdings increased to 7,528.3 BTC, compared to 6,959.3 BTC the previous month.

The company maintained a hashrate of 50 EH/s, with an average operational hashrate of 43.36 EH/s. Paul Yu, CEO of Cango, noted that the company achieved strong operational growth in 2025, aided by favorable adjustments in network difficulty. Additionally, a major shareholder committed to increasing their investment in Cango by $10.5 million, expected to close in January 2026, which reflects strong confidence in the company's strategic plan.

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"In 2025, Cango achieved strong and consistent operational growth," said Paul Yu.

Key Takeaways:

  • 569 Bitcoins produced in December 2025.
  • Total Bitcoin holdings increased to 7,528.3 BTC.
  • Major shareholder committed $10.5 million investment.

CleanSpark Stock: Bitcoin Miner on the Verge of a Comeback?

CleanSpark's stock is currently navigating a volatile market, influenced by the cryptocurrency sector and technological realignment. The company has faced challenges due to the recent downturn in Bitcoin prices, which has directly impacted its revenue, as all income is derived from mining operations. Despite this, CleanSpark's valuation remains attractive, trading at an expected price-to-earnings ratio of around 11.6, significantly below the average of comparable companies.

CleanSpark has opted for convertible bonds over equity dilution to finance its operations, recently issuing a bond worth approximately $1.15 billion with a zero percent coupon. This strategy, along with stock buybacks that reduced outstanding shares by about 11%, has bolstered investor confidence in the management team.

Key Takeaways:

  • CleanSpark's stock is influenced by Bitcoin price volatility.
  • Company issued $1.15 billion in convertible bonds.
  • Stock buybacks reduced outstanding shares by 11%.

Bitcoin Network Hashrate Declines for Second Consecutive Month

According to a report by JPMorgan, the Bitcoin network hashrate fell for the second consecutive month in December, decreasing by 30 EH/s to an average of 1,045 EH/s. This decline indicates reduced competition among miners. The profitability of mining also continued to decrease, with daily block reward revenues dropping by 7% month-over-month and 32% year-over-year, reaching a historical low.

Despite the downturn in December, U.S.-listed Bitcoin miners and data center operators saw a significant increase in market capitalization, rising by 73% over the year. CleanSpark, however, underperformed with a 33% decline in the same month.

Key Takeaways:

  • Bitcoin network hashrate fell to 1,045 EH/s in December.
  • Mining profitability decreased, with daily block rewards at a historical low.
  • U.S.-listed Bitcoin miners' market capitalization increased by 73% in 2025.

Sources:

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Article Summary

Cango Inc. reported a production of 569 Bitcoins in December 2025, increasing its total holdings to 7,528.3 BTC, while CleanSpark faces challenges amid Bitcoin price volatility despite attractive valuations and strategic financing moves. Additionally, the Bitcoin network hashrate declined for the second month in a row, indicating reduced mining competition and profitability at historical lows.

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