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

Rhea-AI Summary

Cango Inc. (NYSE:CANG) reported strong Bitcoin mining performance for August 2025, producing 663.7 Bitcoins, up from 650.5 in July. The company's daily Bitcoin production averaged 21.41 BTC, with total Bitcoin holdings reaching 5,193.4.

The company maintained its 50 EH/s deployed hashrate, while average operating hashrate improved by 6.9% month-over-month to 43.74 EH/s. Cango recently acquired a 50 MW Bitcoin mining facility in Georgia, USA, and continues to focus on fleet efficiency improvements and long-term Bitcoin holding strategy.

Positive

• Bitcoin production increased to 663.7 BTC in August from 650.5 BTC in July
• Average operating hashrate improved 6.9% month-over-month to 43.74 EH/s
• Total Bitcoin holdings surpassed 5,000 milestone, reaching 5,193.4 BTC
• Acquired new 50 MW Bitcoin mining facility in Georgia, USA

Negative

• Significant gap between deployed hashrate (50 EH/s) and average operating hashrate (43.74 EH/s) indicates operational inefficiency

Insights

Bitcoin Mining Analyst

Cango shows solid operational progress with 663.7 BTC mined, reaching 5,193 BTC holdings while improving hashrate efficiency by 6.9%.

Cango's August performance demonstrates steady operational improvement in their Bitcoin mining business. The company produced 663.7 BTC in August, up 2.0% from July's 650.5 BTC, while their daily production increased to 21.41 BTC from 20.99 BTC previously.

What's particularly notable is that while their deployed hashrate remained constant at 50 EH/s, their average operating hashrate rose from 40.91 EH/s to 43.74 EH/s, representing a 6.9% month-over-month improvement in operational efficiency. This indicates the company is extracting more value from their existing infrastructure investments through better uptime and operational management.

The milestone of surpassing 5,000 Bitcoin in their treasury (now at 5,193.4 BTC) is significant given their stated HODL strategy of not selling their Bitcoin holdings. This approach positions them as a Bitcoin accumulation vehicle rather than merely a mining operation that converts proceeds to fiat.

The acquisition of a 50 MW mining facility in Georgia signals continued expansion efforts, while their emphasis on fleet efficiency improvements through maintenance and selective equipment upgrades shows a balanced approach to growth. Rather than solely expanding capacity, they're also focusing on maximizing returns from existing operations through optimization initiatives.

HONG KONG, Sept. 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for August 2025.

Bitcoin Mining Production and Mining Operations Update for August 2025

Metric	August 2025 1	July 2025 1
Number of Bitcoin produced	663.7	650.5
Average number of Bitcoin produced per day	21.41	20.99
Total number of Bitcoin held 2	5,193.4	4,529.7
Deployed hashrate	50 EH/s	50 EH/s
Average operating hashrate 3	43.74 EH/s	40.91 EH/s

1.      Unaudited, estimated.

2.      As of month-end.

3.      Average over the month.

Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings.

Paul Yu, CEO and Director of Cango, commented, "With our new 50 EH/s deployed capacity now fully operational since July, our average operating hashrate has increased by 6.9% month-over-month. We are also pleased to share that we mined 663.7 Bitcoins this month, propelling our Bitcoin treasury past the 5,000 milestone. This achievement powerfully validates our strategy and strengthens our foundation for sustainable growth. Meanwhile, we have continued ramping up our core mining operations through targeted initiatives to boost fleet efficiency. This includes diligent maintenance of our existing fleet to ensure consistent operations, selective upgrading of older miners to next-generation models, and our recent acquisition of a 50 MW Bitcoin mining facility in the US state of Georgia. Looking ahead, we see significant potential to further optimize our operating efficiency and capture emerging opportunities in the energy and HPC sectors."

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across 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, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Juliet YE, Head of Communications
Cango Inc.
Email: ir@cangoonline.com

Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com

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SOURCE Cango Inc.

FAQ

How many Bitcoins did Cango (NYSE:CANG) mine in August 2025?

Cango mined 663.7 Bitcoins in August 2025, with an average daily production of 21.41 BTC.

What is Cango's (NYSE:CANG) total Bitcoin holdings as of August 2025?

As of August 2025, Cango held 5,193.4 Bitcoins, surpassing the 5,000 BTC milestone.

What is Cango's (NYSE:CANG) current deployed hashrate?

Cango maintains a deployed hashrate of 50 EH/s, with an average operating hashrate of 43.74 EH/s in August 2025.

What new facilities did Cango (NYSE:CANG) acquire in 2025?

Cango acquired a 50 MW Bitcoin mining facility in Georgia, United States.

What is Cango's (NYSE:CANG) strategy for Bitcoin holdings?

Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings.