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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."
Posted In: CANG
