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

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Cango Inc. (NYSE: CANG) reported strong Bitcoin mining performance for July 2025, with production reaching 650.5 Bitcoin, a 45% increase from June's 450.0 Bitcoin. The company achieved an average daily production of 20.99 Bitcoin and increased its total Bitcoin holdings to 4,529.7.

The company's deployed hashrate expanded to 50 EH/s in July, up from 32 EH/s in June, with an average operating hashrate of 40.91 EH/s. CEO Paul Yu highlighted the addition of 18 EH/s at June's end and announced plans for vertical integration and diversification of mining sites and energy infrastructure.

Cango Inc. (NYSE: CANG) ha registrato una solida performance nel mining di Bitcoin a luglio 2025, con una produzione che ha raggiunto 650,5 Bitcoin, un aumento del 45% rispetto ai 450,0 Bitcoin di giugno. L'azienda ha ottenuto una produzione media giornaliera di 20,99 Bitcoin e ha incrementato il totale delle sue riserve di Bitcoin a 4.529,7.

La potenza di calcolo (hashrate) operativa dell'azienda è cresciuta fino a 50 EH/s a luglio, rispetto ai 32 EH/s di giugno, con una media di funzionamento di 40,91 EH/s. Il CEO Paul Yu ha sottolineato l'aggiunta di 18 EH/s alla fine di giugno e ha annunciato piani per l'integrazione verticale e la diversificazione dei siti di mining e delle infrastrutture energetiche.

Cango Inc. (NYSE: CANG) reportó un sólido desempeño en la minería de Bitcoin en julio de 2025, alcanzando una producción de 650,5 Bitcoin, un aumento del 45% respecto a los 450,0 Bitcoin de junio. La compañía logró una producción diaria promedio de 20,99 Bitcoin y aumentó sus tenencias totales de Bitcoin a 4.529,7.

La tasa de hash desplegada por la empresa se expandió a 50 EH/s en julio, desde los 32 EH/s de junio, con una tasa de hash operativa promedio de 40,91 EH/s. El CEO Paul Yu destacó la incorporación de 18 EH/s a finales de junio y anunció planes para la integración vertical y la diversificación de sitios de minería e infraestructura energética.

Cango Inc. (NYSE: CANG)� 2025� 7� 비트코인 채굴 실적� 크게 향상되어 650.5 비트코인� 생산했으�, 이는 6월의 450.0 비트코인 대� 45% 증가� 수치입니�. 회사� 일일 평균 생산� 20.99 비트코인� 기록했고, � 비트코인 보유량을 4,529.7� 늘렸습니�.

회사� 가� 해시레이트는 7월에 50 EH/s� 확대되었으며, 6월의 32 EH/s에서 증가했습니다. 평균 운영 해시레이트는 40.91 EH/s였습니�. CEO � �(Paul Yu)� 6� 말에 18 EH/s가 추가� 점을 강조하며, 채굴 사이트와 에너지 인프라의 수직 통합 � 다각� 계획� 발표했습니다.

Cango Inc. (NYSE : CANG) a annoncé une forte performance dans le minage de Bitcoin pour juillet 2025, avec une production atteignant 650,5 Bitcoin, soit une augmentation de 45 % par rapport aux 450,0 Bitcoin de juin. La société a réalisé une production moyenne quotidienne de 20,99 Bitcoin et a porté son total de Bitcoins détenus à 4 529,7.

Le hashrate déployé par l'entreprise s'est étendu à 50 EH/s en juillet, contre 32 EH/s en juin, avec un hashrate opérationnel moyen de 40,91 EH/s. Le PDG Paul Yu a souligné l'ajout de 18 EH/s à la fin juin et a annoncé des plans pour une intégration verticale ainsi que la diversification des sites de minage et des infrastructures énergétiques.

Cango Inc. (NYSE: CANG) meldete für Juli 2025 eine starke Leistung im Bitcoin-Mining mit einer Produktion von 650,5 Bitcoin, was einem Anstieg von 45 % gegenüber den 450,0 Bitcoin im Juni entspricht. Das Unternehmen erzielte eine durchschnittliche Tagesproduktion von 20,99 Bitcoin und erhöhte seinen gesamten Bitcoin-Bestand auf 4.529,7.

Die eingesetzte Hashrate des Unternehmens stieg im Juli auf 50 EH/s, nach 32 EH/s im Juni, mit einer durchschnittlichen Betriebs-Hashrate von 40,91 EH/s. CEO Paul Yu hob die Hinzufügung von 18 EH/s Ende Juni hervor und kündigte Pläne für vertikale Integration sowie Diversifizierung der Mining-Standorte und Energieinfrastruktur an.

Positive
  • Bitcoin production increased by 45% month-over-month to 650.5
  • Deployed hashrate expanded significantly to 50 EH/s from 32 EH/s
  • Bitcoin treasury holdings grew to 4,529.7
  • Average operating hashrate improved to 40.91 EH/s from 29.92 EH/s
Negative
  • None.

HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

40.91 EH/s

29.92 EH/s

1. Unaudited, estimated.

2. As of month-end.

3. Average over the month.

Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings.

Paul Yu, CEO and Director of Cango, commented, "With the addition of 18 EH/s at the end of June, our deployed hashrate expanded to 50 EH/s in July and allowed us to deliver a 45% month-over-month increase in Bitcoin producted to 650.5. Average operating hashrate of 40.91 EH/s throughout the month underscores our robust operational efficiency and significant growth potential as we continue to scale. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate future production."

"With a new and experienced management team now onboard and growing Bitcoin treasury holdings from mining operations, we are now focused on laying the foundation for our vertical integration to transition towards a more diversified and resilient portfolio of mining sites and energy infrastructure."

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through , making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Juliet YE, Head of Communications
Cango Inc.
Email: [email protected]

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SOURCE Cango Inc.

FAQ

How many Bitcoin did Cango (NYSE:CANG) produce in July 2025?

Cango produced 650.5 Bitcoin in July 2025, averaging 20.99 Bitcoin per day.

What is Cango's (NYSE:CANG) current deployed hashrate?

Cango's deployed hashrate reached 50 EH/s in July 2025, with an average operating hashrate of 40.91 EH/s.

How many Bitcoin does Cango (NYSE:CANG) hold in total?

As of July 2025, Cango holds 4,529.7 Bitcoin and maintains a long-term holding strategy with no current intention to sell.

What was the month-over-month increase in Cango's (NYSE:CANG) Bitcoin production?

Cango achieved a 45% month-over-month increase in Bitcoin production, from 450.0 in June to 650.5 in July 2025.

What are Cango's (NYSE:CANG) future plans for mining operations?

Cango plans to focus on vertical integration and develop a more diversified portfolio of mining sites and energy infrastructure.
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