Cango(US:CANG) Zhi Tong Cai Jing·2025-09-03 14:13Core Insights - CANG.US reported significant growth in its Bitcoin mining operations, with average operational hash rate increasing by 6.9% month-over-month and Bitcoin reserves surpassing 5,000 coins [1] Group 1: Operational Performance - The company deployed an additional 50 EH/s of hash rate since July, which is now fully operational [1] - In the current month, the company mined 663.7 Bitcoins, contributing to the milestone of over 5,000 Bitcoins in reserves [1] Group 2: Strategic Initiatives - The company is enhancing its core mining operations through targeted measures to improve mining efficiency, including careful maintenance of existing mining machines and selective upgrades of older machines [1] - A recent acquisition of a 50 MW Bitcoin mining facility in Georgia, USA, is part of the company's strategy to strengthen its mining capabilities [1] Group 3: Business Diversification - CANG.US is involved in Bitcoin mining across North America, the Middle East, South America, and East Africa, reflecting its strategic geographic diversification [1] - The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the increasing application of digital assets [1] - CANG.US continues to operate its online international used car export business through AutoCango.com, facilitating global access to high-quality vehicle inventory from China [1]