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

Core Insights - Cango Inc. reported a decrease in Bitcoin production for September 2025, producing 616.6 Bitcoin compared to 663.7 Bitcoin in August 2025, reflecting a decline of approximately 7.1% [2] - The total number of Bitcoin held by the company increased to 5,810.0 Bitcoin from 5,193.4 Bitcoin, indicating a growth of about 11.8% [2] - The deployed hashrate remained stable at 50 EH/s, while the average operating hashrate improved to 44.85 EH/s from 43.74 EH/s, showing an increase of approximately 2.5% [2] Company Operations - Cango Inc. is primarily engaged in Bitcoin mining, with operations strategically located across North America, the Middle East, South America, and East Africa [3] - The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the growing adoption of digital assets [3] - Cango also operates an online international used car export business through AutoCango.com, enhancing access to high-quality vehicle inventory from China [3] Management Commentary - Paul Yu, CEO of Cango, emphasized the company's focus on operational excellence and fleet efficiency, which has led to an operational hashrate growth to 89.7% and an increase in Bitcoin treasury [2] - The company aims to unlock the full potential of its 50 EH/s hashrate and is exploring expansion into high-performance computing (HPC) to create long-term value [2]