Cango(US:CANG) Prnewswire·2025-12-05 11:00Core Insights - Cango Inc. reported a decrease in Bitcoin production for November 2025 compared to October 2025, producing 546.7 BTC down from 602.6 BTC [2] - The company holds a total of 6,959.3 BTC as of the end of November, an increase from 6,412.6 BTC in October [2] - Cango's deployed hashrate remained stable at 50 EH/s, while the average operating hashrate decreased to 44.38 EH/s from 46.09 EH/s [2] Production Metrics - Number of Bitcoin produced in November 2025: 546.7 BTC, down from 602.6 BTC in October 2025 [2] - Average number of Bitcoin produced per day in November 2025: 18.22 BTC, compared to 19.44 BTC in October 2025 [2] - Total number of Bitcoin held at the end of November 2025: 6,959.3 BTC, up from 6,412.6 BTC at the end of October 2025 [2] Operational Highlights - Deployed hashrate for November 2025: 50 EH/s, unchanged from October 2025 [2] - Average operating hashrate for November 2025: 44.38 EH/s, down from 46.09 EH/s in October 2025 [2] - The company has optimized operations to achieve average operating hashrate levels of around 90% [4] Strategic Developments - November 2025 marked the one-year milestone of Cango's strategic transformation, highlighting progress and direction [4] - The company completed its transition to the New York Stock Exchange, enhancing visibility and alignment in the U.S. market [4] - Cango aims to evolve from a leading Bitcoin miner into a global, distributed AI compute network powered by green energy [4] Company Overview - Cango Inc. is primarily engaged in Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa [5] - The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the growing adoption of digital assets [5] - Cango also operates an online international used car export business through AutoCango.com [5]