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

Rhea-AI Summary

Cango Inc. (NYSE: CANG) reported strong Bitcoin mining performance for July 2025, with production reaching 650.5 Bitcoin, a 45% increase from June's 450.0 Bitcoin. The company achieved an average daily production of 20.99 Bitcoin and increased its total Bitcoin holdings to 4,529.7.

The company's deployed hashrate expanded to 50 EH/s in July, up from 32 EH/s in June, with an average operating hashrate of 40.91 EH/s. CEO Paul Yu highlighted the addition of 18 EH/s at June's end and announced plans for vertical integration and diversification of mining sites and energy infrastructure.

Positive

• Bitcoin production increased by 45% month-over-month to 650.5
• Deployed hashrate expanded significantly to 50 EH/s from 32 EH/s
• Bitcoin treasury holdings grew to 4,529.7
• Average operating hashrate improved to 40.91 EH/s from 29.92 EH/s

Negative

• None.

News Market Reaction

+0.64%

1 alert

+0.64% News Effect

On the day this news was published, CANG gained 0.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric	July 2025 1	June 2025 1
Number of Bitcoin produced	650.5	450.0
Average number of Bitcoin produced per day	20.99	15.00
Total number of Bitcoin held 2	4,529.7	3,879.2
Deployed hashrate	50 EH/s	32 EH/s
Average operating hashrate 3	40.91 EH/s	29.92 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 the addition of 18 EH/s at the end of June, our deployed hashrate expanded to 50 EH/s in July and allowed us to deliver a 45% month-over-month increase in Bitcoin producted to 650.5. Average operating hashrate of 40.91 EH/s throughout the month underscores our robust operational efficiency and significant growth potential as we continue to scale. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate future production."

"With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure."

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 

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SOURCE Cango Inc.

FAQ

How many Bitcoin did Cango (NYSE:CANG) produce in July 2025?

Cango produced 650.5 Bitcoin in July 2025, averaging 20.99 Bitcoin per day.

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

Cango's deployed hashrate reached 50 EH/s in July 2025, with an average operating hashrate of 40.91 EH/s.

How many Bitcoin does Cango (NYSE:CANG) hold in total?

As of July 2025, Cango holds 4,529.7 Bitcoin and maintains a long-term holding strategy with no current intention to sell.

What was the month-over-month increase in Cango's (NYSE:CANG) Bitcoin production?

Cango achieved a 45% month-over-month increase in Bitcoin production, from 450.0 in June to 650.5 in July 2025.

What are Cango's (NYSE:CANG) future plans for mining operations?

Cango plans to focus on vertical integration and develop a more diversified portfolio of mining sites and energy infrastructure.