Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update
Cango Inc. has released its Bitcoin production and mining operations update for October 2025, revealing a total production of 602.6 Bitcoin, a decrease from the 616.6 Bitcoin produced in September 2025. The average number of Bitcoin produced per day also saw a decline, dropping to 19.44 from 20.55 in the previous month.
As of the end of October, Cango's total Bitcoin holdings reached 6,412.6 BTC, a significant increase from 5,810.0 BTC at the end of September. The company maintained a deployed hashrate of 50 EH/s, with an average operating hashrate of 46.09 EH/s, up from 44.85 EH/s in September. Cango's CEO, Paul Yu, emphasized the company's operational maturity and commitment to long-term Bitcoin holdings, stating that they do not currently intend to sell any of their Bitcoin assets.
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"In October, we increased our average operating hashrate to over 90%, while our Bitcoin holdings surpassed the 6,000 BTC milestone, reaching a total of just over 6,400 BTC by month-end," said Paul Yu.
Additionally, Cango announced the termination of its ADR program and plans for a direct listing of its ordinary shares on the NYSE, expected to be completed in November. This move is part of their strategy to operate as a U.S.-centric organization, positioning themselves to capitalize on emerging opportunities in energy and AI.
In summary, Cango Inc. has reported a decrease in Bitcoin production for October 2025, while significantly increasing its total Bitcoin holdings. The company is also transitioning to a direct listing on the NYSE, reinforcing its commitment to U.S. operations.
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