Cango Bitcoin Mining Hits 89.7% Hashrate, Holds 5,800 BTC

Cango Inc.’s September 2025 Bitcoin production update reveals significant operational achievements, with the company reaching 89.7% operational hashrate across its global mining operations. This metric represents the percentage of the company’s total mining capacity that is actively producing Bitcoin, indicating strong operational management and infrastructure reliability. The improved efficiency has directly contributed to the growth of Cango’s Bitcoin treasury, which now exceeds 5,800 BTC according to the company’s latest figures.

The company’s leadership has explicitly stated that Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. This strategic approach positions the company as a significant holder in the cryptocurrency space, with its treasury representing a substantial digital asset reserve. The accumulation of over 5,800 BTC demonstrates the company’s successful execution of its mining strategy since entering the crypto asset space in November 2024.

CEO Paul Yu emphasized the company’s ‘relentless focus on operational excellence and fleet efficiency’ as key drivers behind September’s performance. According to Yu’s comments, Cango remains ‘firmly on track to unlock the full potential of our 50 EH/s,’ referring to the company’s total mining capacity target. This continued upward trajectory in hashrate performance suggests the company is successfully scaling its mining operations across its strategically deployed global footprint.

Cango’s mining operations span multiple continents, including North America, the Middle East, South America, and East Africa, providing geographic diversification that helps mitigate regional risks. The company’s asset-light model, mentioned by Yu as a key competitive advantage, allows for flexible expansion and adaptation to changing market conditions. This global approach has positioned Cango to leverage varying energy costs and regulatory environments across different jurisdictions.

Beyond Bitcoin mining, Cango continues to operate its established online international used car export business through AutoCango.com, maintaining diversification across both traditional and digital asset sectors. The company’s entry into cryptocurrency in November 2024 was driven by advancements in blockchain technology, growing adoption of digital assets, and its commitment to diversifying its business portfolio.

Looking beyond Bitcoin mining, Cango has identified promising initiatives in high-performance computing (HPC) as part of its long-term value creation strategy. CEO Paul Yu stated that the company’s current success ‘positions us to expand into high-performance computing, where we’ve already identified promising initiatives to create significant long-term value.’ This strategic pivot leverages the company’s existing infrastructure and expertise in large-scale computing operations.

The expansion into HPC represents a natural evolution for cryptocurrency mining companies seeking to diversify revenue streams beyond Bitcoin production. High-performance computing services can include artificial intelligence training, scientific research computing, and complex data analysis, all of which require similar infrastructure to cryptocurrency mining operations. Cango’s global footprint and operational experience position it to capitalize on growing demand in these adjacent computing markets.

Investors and stakeholders can obtain further information through Cango’s Head of Communications Juliet YE or through the company’s investor relations contacts. As the company continues to execute on its 50 EH/s mining capacity target while expanding into high-performance computing, Cango appears positioned to maintain its positive operational trajectory through the remainder of 2025 and beyond.