Cango Inc. Updates Bitcoin Production and Mining Activities for November 2025
Cango Inc. (NYSE: CANG) has released its latest figures regarding Bitcoin production and mining operations for November 2025. The company reported a total of 546.76 Bitcoin produced during the month, which translates to an average of 18.22 Bitcoins produced per day, a slight decrease from the previous month's average of 19.44 Bitcoins per day.
As of the end of November, Cango holds a total of 6,959.3 Bitcoins, up from 6,412.6 Bitcoins in October. The company maintained a deployed hashrate of 50 EH/s, with an average operational hashrate of 44.38 EH/s, compared to 46.09 EH/s in the previous month. Cango has indicated that it intends to hold its Bitcoin reserves long-term and has no plans to sell them at this time.
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Paul Yu, CEO of Cango, stated, "November marked the one-year milestone of our strategic transformation and was a month that clearly demonstrated both our progress and our direction."
He further emphasized that since increasing their deployed hashrate from 32 EH/s to 50 EH/s earlier this year, the company has continuously optimized its operations to achieve an average operational hashrate of around 90%. Additionally, Cango has completed its transition to the New York Stock Exchange, allowing for direct stock ownership and enhancing its visibility in the U.S. market.
Cango Inc. is primarily engaged in Bitcoin mining and has strategically located operations in North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and a commitment to diversifying its business portfolio. Alongside its mining operations, Cango continues to operate an international online business for exporting used cars through AutoCango.com, facilitating access to high-quality vehicle inventories from China.
In summary, Cango Inc. has shown significant growth in its Bitcoin production and mining capabilities, with a clear strategy for future development and market presence.
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