Cango mines 569 bitcoin in December 2025 as it eyes AI business line

Core Viewpoint - Cango reported an increase in bitcoin production and holdings, alongside a significant financial commitment from a major shareholder to enhance mining efficiency and develop new technology platforms [1][2][3] Group 1: Operational Performance - Cango mined 569 bitcoin in December 2025, up from 546.7 bitcoin in November, attributed to favorable network difficulty adjustments [1] - Total bitcoin holdings increased to 7,528.3 as of December 31, from 6,959.3 at the end of November, with management indicating no intention to sell these holdings [2] - The company's hashrate remained flat at 50 EH/s, while the average operating hashrate slightly decreased to 43.36 EH/s from 44.38 EH/s [2] Group 2: Financial Developments - A major shareholder committed $10.5 million to Cango in late December, aimed at improving mining operations and accelerating the development of an integrated energy and AI compute platform in 2026 [3] - Cango completed its transition to the New York Stock Exchange in December, following the termination of its American Depositary Receipt program, allowing for direct share ownership [3]