Cango Holdings hits 7,500 Bitcoin milestone as mining expansion accelerates

Grafa
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Cango Holdings hits 7,500 Bitcoin milestone as mining expansion accelerates
Cango Holdings hits 7,500 Bitcoin milestone as mining expansion accelerates
Jon Cuthbert
Written by Jon Cuthbert
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Cango (NYSE:CANG) signaled a strong finish to 2025, reporting on Monday that its monthly Bitcoin production rose to 569 BTC in December.

The results reflect the company’s aggressive transformation from a traditional automotive platform into a global digital infrastructure powerhouse, now holding more than 7,500 BTC in its corporate treasury.

The December output marks a 4% increase over November’s 546.7 BTC, with average daily production ticking up to 18.35 BTC.

Management attributed the gains to favorable network difficulty adjustments that offset a slight dip in the average operating hashrate, which fell to 43.36 EH/s during the period.

The operational update was accompanied by news of a significant financial tailwind.

Cango is set to close a US$10.5 million investment from a major shareholder, Enduring Wealth Capital Limited (EWCL), in January 2026.

The capital is earmarked for two strategic pillars: enhancing mining fleet efficiency and accelerating the company’s entry into the high-growth AI compute market.

Since entering the digital asset space in late 2024, Cango has rapidly scaled its operations to a deployed hashrate of 50 EH/s.

The company now manages more than 40 mining sites across a geographically diverse map including North America, the Middle East, South America, and East Africa.

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