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

Rhea-AI Summary

Cango (NYSE: CANG) published its September 2025 Bitcoin production and mining operations update on Oct 3, 2025. Key metrics: 616.6 BTC produced in Sept (avg 20.55 BTC/day) versus 663.7 BTC in Aug; total Bitcoin held rose to 5,810.0 BTC from 5,193.4 BTC month-end; deployed hashrate remained at 50 EH/s and average operating hashrate was 44.85 EH/s (≈89.7% utilization).

The update is unaudited/estimated; Cango states it holds Bitcoin long term and does not intend to sell holdings. Management cited fleet efficiency and plans to explore high-performance computing initiatives.

Positive

• Bitcoin treasury increased +616.6 BTC (≈+11.9%) month-over-month
• Average operating hashrate at 44.85 EH/s (89.7% utilization)
• Deployed hashrate steady at 50 EH/s, preserving capacity

Negative

• None.

News Market Reaction

+3.95%

1 alert

+3.95% News Effect

On the day this news was published, CANG gained 3.95%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONG KONG, Oct. 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for September 2025.

Bitcoin Mining Production and Mining Operations Update for September 2025

Metric	September 2025 1	August 2025 1
Number of Bitcoin produced	616.6	663.7
Average number of Bitcoin produced per day	20.55	21.41
Total number of Bitcoin held 2	5,810.0	5,193.4
Deployed hashrate	50 EH/s	50 EH/s
Average operating hashrate 3	44.85 EH/s	43.74 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, "Our relentless focus on operational excellence and fleet efficiency continues to deliver results across our global mining operations. This month, we've grown our operational hashrate to 89.7%, increased our Bitcoin treasury to over 5,800 BTC. We remain firmly on track to unlock the full potential of our 50 EH/s, ensuring a continued upward trajectory for our hashrate. This success, supported by our global footprint and asset-light model, positions us to expand into high-performance computing (HPC), where we've already identified promising initiatives to create significant long-term value."

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 Bitcoin did Cango (CANG) produce in September 2025?

Cango produced 616.6 BTC in September 2025 (unaudited estimate).

What is Cango's (CANG) total Bitcoin holdings as of September 30, 2025?

Cango held 5,810.0 BTC as of month-end September 2025.

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

Deployed hashrate was 50 EH/s; average operating hashrate was 44.85 EH/s.

Did Cango (CANG) increase or decrease Bitcoin production versus August 2025?

Production decreased: 616.6 BTC in Sept vs 663.7 BTC in Aug.

Does Cango (CANG) plan to sell its Bitcoin holdings after the September 2025 update?

No. The company states it holds Bitcoin for the long term and does not currently intend to sell.

What strategic initiative did Cango (CANG) mention in the September 2025 update?

Management highlighted plans to explore high-performance computing (HPC) initiatives to create long-term value.