Cango Inc. Reveals November 2025 Bitcoin Production & Mining Operations Update
Cango's latest numbers just dropped. The market's watching.
The Hash Rate Reality Check
November's production figures are in. They tell a story of raw computational power converted directly into digital assets—no intermediaries, no traditional finance gatekeepers. The network hash rate Cango commands translates into a tangible, auditable output.
Operational Momentum vs. Market Noise
While pundits debate price swings, mining operations grind forward. Infrastructure scales, efficiency targets get hit (or missed), and the ledger updates. It's a business of joules and joules, insulated from the daily drama of trading desks—mostly.
The Bottom Line: Production as Proof
In a sector rife with vaporware and grand roadmaps, monthly production is the ultimate KPI. It bypasses hype and cuts through speculative narratives. You can't fake work done. Every coin mined is a verifiable claim on network security, a hard asset earned through pure, competitive expenditure. It’s the one metric that makes even cynical financiers pause—before they ask about the electricity bill.
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.”
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.
Juliet YE, Head of Communications
Cango Inc.
Email: [email protected]
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