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

Cango (NYSE: CANG) published its November 2025 Bitcoin production and mining operations update on December 5, 2025.

Rhea-AI Summary

Cango (NYSE: CANG) published its November 2025 Bitcoin production and mining operations update on December 5, 2025. Key monthly metrics: 546.7 BTC produced in November versus 602.6 BTC in October, an average daily production of 18.22 BTC, and 6,959.3 BTC held at month-end. Deployed hashrate remained at 50 EH/s while average operating hashrate was 44.38 EH/s for the month.

The company reiterated that its Bitcoin holdings are long-term and it does not currently intend to sell. Management noted completion of the transition to the New York Stock Exchange following termination of the ADR program and framed the business strategy as evolving toward a global, distributed AI compute network powered by green energy.

Positive

• 6,959.3 BTC held at month-end
• Deployed hashrate steady at 50 EH/s
• Completed transition to the New York Stock Exchange

Negative

• November production fell to 546.7 BTC from 602.6 BTC in October
• Average operating hashrate declined to 44.38 EH/s from 46.09 EH/s

Argus Dec 5 session

-6.20% close to close Open Argus

Details

News Market Reaction – CANG

On Dec 5, the day this news came out, CANG closed 6.20% below the previous close.

Data tracked by StockTitan Argus for the Dec 5 session.

Key Figures

BTC produced (Nov 2025): 546.7 BTC BTC produced (Oct 2025): 602.6 BTC Avg BTC/day (Nov 2025): 18.22 BTC/day +5 more

BTC produced (Nov 2025)

546.7 BTC

Monthly bitcoin production in November 2025

BTC produced (Oct 2025)

602.6 BTC

Monthly bitcoin production in October 2025

Avg BTC/day (Nov 2025)

18.22 BTC/day

Average daily bitcoin production in November 2025

Avg BTC/day (Oct 2025)

19.44 BTC/day

Average daily bitcoin production in October 2025

Total BTC held (Nov 2025)

6,959.3 BTC

Bitcoin holdings at November 2025 month-end

Total BTC held (Oct 2025)

6,412.6 BTC

Bitcoin holdings at October 2025 month-end

Deployed hashrate

50 EH/s

Deployed hashrate for October and November 2025

Avg operating hashrate (Nov 2025)

44.38 EH/s

Average operating hashrate over November 2025

Historical Context

5 past events · Latest: Dec 02

5 events

1. Dec 02

   Q3 2025 earnings

   24h Move

   -9.7%

   Strong Q3 revenue, profit, and mining metrics with detailed cost disclosures.

2. Dec 01

   Q3 2025 earnings

   24h Move

   -3.3%

   Unaudited Q3 results highlighting mining-driven revenue growth and profitability.

3. Nov 25

   Earnings date notice

   24h Move

   +0.0%

   Announcement of date and logistics for upcoming Q3 2025 results release.

4. Nov 17

   NYSE direct listing

   24h Move

   -46.9%

   Class A shares begin NYSE trading after ADR termination with no dilution.

5. Nov 06

   Shareholder letter

   24h Move

   -3.7%

   One-year pivot update emphasizing 50 EH/s platform and growing BTC holdings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

hashrate

1 terms

hashrate technical

"Since expanding our deployed hashrate from 32 EH/s to 50 EH/s earlier this year..."

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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

Bitcoin Mining Production and Mining Operations Update for November 2025

Metric	November 2025 [1]	October 2025 [1]
Number of Bitcoin produced	546.7	602.6
Average number of Bitcoin produced per day	18.22	19.44
Total number of Bitcoin held [2]	6,959.3	6,412.6
Deployed hashrate	50 EH/s	50 EH/s
Average operating hashrate [3]	44.38 EH/s	46.09 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, "November marked the one-year milestone of our strategic transformation, and it was a month that demonstrated both our progress and our direction. Since expanding our deployed hashrate from 32 EH/s to 50 EH/s earlier this year, we have steadily optimized our operations to achieve average operating hashrate levels of around 90%, and closed the month with 6,959.3 BTC in holdings. We also completed our transition to the New York Stock Exchange following the termination of our ADR program, allowing for direct share ownership and opening a new chapter of visibility and alignment in the U.S. market. These achievements strengthen our foundation and advance our long-term vision to evolve from a leading Bitcoin miner into a global, distributed AI compute network powered by green energy."

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Bitcoin did Cango (CANG) produce in November 2025?

Cango produced 546.7 BTC in November 2025, down from 602.6 BTC in October 2025.

What Bitcoin holdings did Cango (CANG) report at month-end November 2025?

Cango reported 6,959.3 BTC held as of November 30, 2025.

What was Cango's deployed and operating hashrate in November 2025 (CANG)?

Deployed hashrate was 50 EH/s and average operating hashrate was 44.38 EH/s in November 2025.

Did Cango (CANG) change its U.S. listing status in 2025?

Yes. Cango completed its transition to the New York Stock Exchange following termination of its ADR program.

Will Cango (CANG) sell its Bitcoin holdings after the November 2025 update?

No. The company said it does not currently intend to sell its Bitcoin holdings.