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

Rhea-AI Summary

Cango (NYSE: CANG) published its December 2025 Bitcoin production and mining update, reporting 569.0 BTC produced in December versus 546.7 BTC in November and an average daily production of 18.35 BTC (November: 18.22 BTC).

Total Bitcoin holdings rose to 7,528.3 BTC at month-end (November: 6,959.3 BTC). Deployed hashrate remained at 50 EH/s while average operating hashrate declined to 43.36 EH/s from 44.38 EH/s. The company noted a US$10.5 million shareholder commitment expected to close in January 2026 to support mining efficiency and energy/AI compute development.

Positive

• December production: 569.0 BTC
• Total holdings: 7,528.3 BTC as of Dec 31, 2025
• Deployed hashrate steady at 50 EH/s
• Shareholder commitment of US$10.5M expected to close Jan 2026

Negative

• Average operating hashrate fell to 43.36 EH/s in Dec from 44.38 EH/s

Key Figures

BTC produced Dec 2025 569.0 BTC Unaudited December 2025 Bitcoin production

BTC produced Nov 2025 546.7 BTC Unaudited November 2025 Bitcoin production

Avg daily BTC Dec 18.35 BTC/day Average daily Bitcoin production in December 2025

Total BTC held 7,528.3 BTC Bitcoin holdings as of December 2025 month-end

BTC held prior month 6,959.3 BTC Bitcoin holdings as of November 2025 month-end

Deployed hashrate 50 EH/s Deployed hashrate in both November and December 2025

Avg operating hashrate Dec 43.36 EH/s Average operating hashrate over December 2025

Shareholder commitment US$10.5 million Major shareholder investment expected to close January 2026

Market Reality Check

$1.64 Last Close

Volume Volume 654,763 is below the 20-day average of 1,052,332, suggesting muted trading ahead of this update. low

Technical Shares at $1.41 are trading below the 200-day MA of $3.95 and ~75% under the 52-week high of $5.75.

Peers on Argus 2 Up

While CANG was down 6% ahead of this release, crypto-related peers in momentum like BITF and HIVE were up about 5%, pointing to a more stock-specific disconnect rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 30	Equity investment	Positive	-6.6%	US$10.5M investment from EWCL to support mining and AI initiatives.
Dec 29	Equity investment	Positive	-2.2%	EWCL agreement to subscribe for 7M Class B shares at US$1.50.
Dec 24	Analyst rating	Positive	+2.2%	Initiation with buy rating and US$4.00 target citing AI/HPC potential.
Dec 05	Crypto operations	Neutral	-6.2%	November BTC production and holdings update, reiterating long-term HODL.
Dec 02	Earnings update	Positive	-9.7%	Q3 2025 results with strong revenue and BTC production growth.

Pattern Detected

Recent news, including investments, earnings and crypto production updates, often saw negative price reactions even when the underlying news skewed positive or strategic.

Recent Company History

Over the last few months, Cango has reported strong growth in its Bitcoin mining business, highlighted by Q3 2025 revenues of US$224.6 million and 1,930.8 BTC mined, alongside a strategic shift to a direct NYSE listing. Successive crypto production updates through late 2025 showed steady hashrate at 50 EH/s and rising BTC holdings. Two late-December announcements detailed a US$10.5 million Class B share investment by EWCL to fund mining efficiency and energy/AI initiatives. Despite this, several of these ostensibly positive events coincided with share price declines.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-12-17

US$500,000,000 registered capacity

An effective F-3 shelf filed on Dec 17, 2025 allows Cango to offer up to US$500,000,000 of securities over time, providing financing flexibility that could fund mining, energy and AI compute expansion but also introduces potential future equity or debt issuance for shareholders to monitor.

Market Pulse Summary

The stock surged +16.3% in the session following this news. A strong positive reaction aligns with the operational tone of this update, which showed December 2025 production of 569.0 BTC and total holdings of 7,528.3 BTC, plus a US$10.5 million shareholder commitment. Historically, Cango’s crypto updates sometimes coincided with declines, so a large gain would mark a shift. Investors would still need to weigh the existing US$500,000,000 F-3 shelf as a potential overhang if future capital raises occur.

Key Terms

bitcoin technical

"a leading Bitcoin miner leveraging its global operations"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

hashrate technical

"Deployed hashrate | 50 EH/s | 50 EH/s"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

btc technical

"bringing our total Bitcoin holdings to 7,528.3 BTC."

BTC is the common ticker and shorthand for Bitcoin, a digital currency that exists on a decentralized computer network instead of being issued by a government or bank. Investors care about BTC because its market price signals demand for that asset, can swing sharply like a volatile commodity, and can influence portfolio risk, market sentiment, and companies with exposure to cryptocurrencies—similar to how oil prices affect energy markets.

eh/s technical

"Average operating hashrate [3] | 43.36 EH/s | 44.38 EH/s"

"Eh/s" stands for "earnings per share," a measure of a company's profitability calculated by dividing its net profit by the number of shares outstanding. It indicates how much money each share would earn if the company’s profits were divided equally among shareholders, helping investors assess how well a company is performing financially. A higher "eh/s" suggests greater profitability, which can influence investment decisions.

AI-generated analysis. Not financial advice.

DALLAS, Jan. 5, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today published its Bitcoin production and mining operations update for December 2025.

Bitcoin Mining Production and Mining Operations Update for December 2025

Metric	December 2025 [1]	November 2025 [1]
Number of Bitcoin produced	569.0	546.7
Average number of Bitcoin produced per day	18.35	18.22
Total number of Bitcoin held [2]	7,528.3	6,959.3
Deployed hashrate	50 EH/s	50 EH/s
Average operating hashrate [3]	43.36 EH/s	44.38 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, "Throughout 2025, Cango delivered strong and consistent operational growth. In December, due to favorable network difficulty adjustments, we maintained stable operating hashrate levels and achieved higher daily Bitcoin production, bringing our total Bitcoin holdings to 7,528.3 BTC. Additionally, in late December, a major shareholder decided to increase its investment in Cango with a US$10.5 million commitment, which expected to close in January 2026, representing a powerful vote of confidence in our strategic roadmap. This commitment will enable us to drive greater Bitcoin mining efficiency, and accelerate the parallel development of our energy and AI compute platform in 2026."

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span over 40 sites across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com. 

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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cango-inc-announces-december-2025-bitcoin-production-and-mining-operations-update-302652479.html

SOURCE Cango Inc.

FAQ

How many Bitcoin did CANG produce in December 2025?

Cango produced 569.0 BTC in December 2025, averaging 18.35 BTC per day.

What were CANG's total Bitcoin holdings at the end of December 2025?

Cango held 7,528.3 BTC as of month-end December 2025.

What was CANG's deployed and operating hashrate in December 2025?

Deployed hashrate was 50 EH/s and average operating hashrate was 43.36 EH/s in December 2025.

What is the US$10.5 million commitment mentioned in the CANG update?

A major shareholder committed US$10.5 million, expected to close in January 2026 to support mining efficiency and energy/AI compute development.

Will CANG sell its Bitcoin holdings after December 2025?

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