vital notes
- The corporate’s whole Bitcoin holdings reached 6,412.6 BTC by the tip of the month, passing the 6,000 BTC milestone with no plans to promote.
- Cango will exit its ADR program on November 14 and can listing its Class A standard inventory instantly on the NYSE beginning November 17, 2025.
- CEO Paul Yu mentioned the operational milestones place Cango to seize worth from new alternatives within the vitality and AI markets.
Cango Inc. produced 602.6 Bitcoins BTC 107 868 {dollars} 24 hour volatility: 2.2% Market capitalization: $2.15 trillion Vol. 24 hours: $4.885 billion In October 2025, the entire holdings will likely be 6,412.6 BTC by the tip of the month. The corporate mined a median of 19.44 Bitcoins per day in the course of the month, in comparison with 20.55 BTC per day in September 2025.
firm introduced The corporate introduced on November 3 that it’s a long-term Bitcoin holder and has no intention of promoting its holdings at the moment. Cango will finish its U.S. Depositary Receipt program on November 14th, shifting from Depositary Receipts to direct inventory buying and selling to eradicate brokerage charges and enhance institutional visibility.
The corporate’s Class A standard inventory is scheduled to start direct buying and selling on the New York Inventory Change on November seventeenth.
Mining enterprise and possession technique
Cango’s common working hashrate elevated from 44.85 EH/s in September to 46.09 EH/s in October. The corporate maintained a deployed hashrate of fifty EH/s and achieved operational effectivity of over 90% throughout its mining amenities in North America, the Center East, South America and East Africa.
Strategic positioning for AI enlargement
Cango CEO and Director Paul Yu mentioned the operational and monetary milestones put the corporate in a robust place to seize worth from new alternatives in vitality and AI within the coming years. The CEO mentioned this achievement highlights the operational maturity that Cango has achieved because it marks one yr since its strategic transformation. The corporate first entered the crypto asset area in November 2024.
Yu mentioned the deliberate direct itemizing strengthens Cango’s dedication to working as a US-centric group. Miner joins a number of friends exploring alternatives in AI infrastructure. Galaxy Digital’s $460M AI Pivot Convert mining amenities into knowledge facilities.
Cango outlined plans to construct a dynamic computing platform that balances Bitcoin mining and AI workloads. The corporate acquired its first mining facility in Georgia for $19.5 million in August 2025 to develop in-house operational experience.
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just like Terra Wolf $9.5 billion AI infrastructure contract Cango plans to leverage Fluidstack to launch a high-performance computing pilot program within the first half of 2026 centered on collaborating AI computing energy. Miners comply with different corporations equivalent to clear spark Deployment to AI knowledge The facilities are established because the business diversifies past conventional mining operations.
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