on Cango Inc.
Cango Inc. Reports October 2025 Bitcoin Production and Mining Update
Hong Kong-based Cango Inc. released its Bitcoin mining update for October 2025, highlighting key operational figures. The company produced 602.6 Bitcoin, slightly down from 616.6 in September. The average daily production was 19.44 Bitcoin. Cango's total Bitcoin holdings increased to 6,412.6 BTC, marking a milestone achievement for the firm.
The company's deployed hashrate remained steady at 50 EH/s, with an average operating hashrate improvement to 46.09 EH/s from 44.85 EH/s the previous month. Cango continues to hold its Bitcoin assets for the long term. In a significant development, Cango announced the end of its ADR program and plans a direct NYSE listing.
Paul Yu, CEO, emphasized the importance of these achievements in line with the firm's strategic transformation. This move aligns with their focus on operational maturity as they target growth opportunities in energy and AI sectors.
R. P.
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