{"id":903925,"date":"2025-11-03T05:16:15","date_gmt":"2025-11-03T10:16:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/"},"modified":"2025-11-03T05:16:15","modified_gmt":"2025-11-03T10:16:15","slug":"cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/","title":{"rendered":"Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">HONG KONG<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Nov. 3, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;) today published its <span>Bitcoin<\/span> production and mining operations update for <span class=\"xn-chron\">October 2025<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2675436\/CANG_LOGO_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2675436\/CANG_LOGO_Logo.jpg\" title=\"(PRNewsfoto\/Cango Inc.)\" alt=\"(PRNewsfoto\/Cango Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b><br \/>\n          <span>Bitcoin<\/span> Mining Production and Mining Operations Update for <span class=\"xn-chron\">October 2025<\/span><\/b>\n      <\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Metric<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>October 2025 <span class=\"prnews_span\"><sup>1<\/sup><\/span><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>September 2025\u00a0<span class=\"prnews_span\"><sup>1<\/sup><\/span><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Number of Bitcoin produced<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">602.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">616.6<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Average number of Bitcoin produced per day<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">19.44<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">20.55<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Total number of Bitcoin held <sup>2<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">6412.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">5,810.0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Deployed hashrate <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">50 EH\/s<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">50 EH\/s<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prnsbtb1 prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Average operating hashrate <sup>3<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">46.09\u00a0 EH\/s<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u00a044.85 EH\/s<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"3\" rowspan=\"1\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"3\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i><br \/>\n                  <i>Unaudited, estimated.<\/i><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i><br \/>\n                  <i>As of month-end.<\/i><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/i><br \/>\n                  <i>Average over the month.<\/i><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>Note: Cango holds <span class=\"prnews_span\" title=\"\">Bitcoin<\/span> for the long term and does not currently intend to sell any of its <span class=\"prnews_span\" title=\"\">Bitcoin<\/span> holdings.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>Paul\u00a0Yu, CEO and Director of Cango, commented, &#8220;In October, we increased our average operating hashrate to over 90%, while our <span>Bitcoin<\/span> holdings surpassed the 6,000 BTC milestone, reaching a total of just over 6,400 BTC by month-end. These achievements highlight the operational maturity we have attained as we near the one-year mark of our strategic transformation. In October, we announced the termination of our ADR program and the planned direct listing of our ordinary shares on the NYSE, which we expect to complete in November. This further reinforces our commitment to operating as a U.S.-centric organization. We believe these operational and financial milestones put us in a strong position to capture value from emerging opportunities in energy and AI going forward.&#8221;<\/p>\n<p>\n        <b>About Cango Inc.<\/b>\n      <\/p>\n<p>Cango Inc. (NYSE: CANG) is primarily engaged in the <span>Bitcoin<\/span> mining business, with operations strategically deployed across <span class=\"xn-location\">North America<\/span>, the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">South America<\/span>, and <span class=\"xn-location\">East Africa<\/span>. The Company entered the <span>crypto<\/span> asset space in <span class=\"xn-chron\">November 2024<\/span>, 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 <a href=\"http:\/\/autocango.com\/\" target=\"_blank\" rel=\"nofollow\">AutoCango.com<\/a>, making it easier for global customers to access high-quality vehicle inventory from <span class=\"xn-location\">China<\/span>. For more information, please visit: <a href=\"https:\/\/www.cangoonline.com\/\" target=\"_blank\" rel=\"nofollow\">www.cangoonline.com<\/a>.<\/p>\n<p>\n        <b>Investor Relations Contact<\/b>\n      <\/p>\n<p>Juliet YE, Head of Communications<br \/>Cango Inc.<br \/>Email: <a href=\"mailto:ir@cangoonline.com\" target=\"_blank\" rel=\"nofollow\">ir@cangoonline.com<\/a>\u00a0<\/p>\n<p>Christensen Advisory<br \/>Tel: +852 2117 0861<br \/>Email: <a href=\"mailto:cango@christensencomms.com\" target=\"_blank\" rel=\"nofollow\">cango@christensencomms.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=CN13596&amp;sd=2025-11-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update-302602312.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update-302602312.html<\/a><\/p>\n<p>SOURCE  Cango Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN13596&amp;Transmission_Id=202511030500PR_NEWS_USPR_____CN13596&amp;DateId=20251103\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HONG KONG , Nov. 3, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;) today published its Bitcoin production and mining operations update for October 2025. Bitcoin Mining Production and Mining Operations Update for October 2025 Metric October 2025 1 September 2025\u00a01 Number of Bitcoin produced 602.6 616.6 Average number of Bitcoin produced per day 19.44 20.55 Total number of Bitcoin held 2 6412.6 5,810.0 Deployed hashrate 50 EH\/s 50 EH\/s Average operating hashrate 3 46.09\u00a0 EH\/s \u00a044.85 EH\/s 1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unaudited, estimated. 2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 As of month-end. 3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. \u00a0 Paul\u00a0Yu, CEO and Director &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-903925","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HONG KONG , Nov. 3, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;) today published its Bitcoin production and mining operations update for October 2025. Bitcoin Mining Production and Mining Operations Update for October 2025 Metric October 2025 1 September 2025\u00a01 Number of Bitcoin produced 602.6 616.6 Average number of Bitcoin produced per day 19.44 20.55 Total number of Bitcoin held 2 6412.6 5,810.0 Deployed hashrate 50 EH\/s 50 EH\/s Average operating hashrate 3 46.09\u00a0 EH\/s \u00a044.85 EH\/s 1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unaudited, estimated. 2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 As of month-end. 3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. \u00a0 Paul\u00a0Yu, CEO and Director &hellip; Continue reading &quot;Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T10:16:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2675436\/CANG_LOGO_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cango Inc. 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Announces October 2025 Bitcoin Production and Mining Operations Update - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/","og_locale":"en_US","og_type":"article","og_title":"Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update - Market Newsdesk","og_description":"PR Newswire HONG KONG , Nov. 3, 2025 \/PRNewswire\/ &#8212; Cango Inc. (NYSE: CANG) (&#8220;Cango&#8221; or the &#8220;Company&#8221;) today published its Bitcoin production and mining operations update for October 2025. Bitcoin Mining Production and Mining Operations Update for October 2025 Metric October 2025 1 September 2025\u00a01 Number of Bitcoin produced 602.6 616.6 Average number of Bitcoin produced per day 19.44 20.55 Total number of Bitcoin held 2 6412.6 5,810.0 Deployed hashrate 50 EH\/s 50 EH\/s Average operating hashrate 3 46.09\u00a0 EH\/s \u00a044.85 EH\/s 1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Unaudited, estimated. 2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 As of month-end. 3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. \u00a0 Paul\u00a0Yu, CEO and Director &hellip; Continue reading \"Cango Inc. Announces October 2025 Bitcoin Production and Mining Operations Update\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-03T10:16:15+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2675436\/CANG_LOGO_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cango-inc-announces-october-2025-bitcoin-production-and-mining-operations-update\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Cango Inc. 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