Key Notes
- The corporate’s whole Bitcoin holdings reached 6,412.6 BTC by month-end, surpassing the 6,000 BTC milestone with no plans to promote.
- Cango will terminate its ADR program on November 14 and checklist Class A peculiar shares instantly on the NYSE beginning November 17, 2025.
- CEO Paul Yu stated operational milestones place Cango to seize worth from rising alternatives in power and AI markets.
Cango Inc. produced 602.6 Bitcoin BTC $107 868 24h volatility: 2.2% Market cap: $2.15 T Vol. 24h: $48.85 B in October 2025, bringing its whole holdings to six,412.6 BTC by month-end. The corporate mined a mean of 19.44 Bitcoin per day in the course of the month, in comparison with 20.55 BTC each day in September 2025.
The corporate introduced on Nov. 3 that it holds Bitcoin for the long run and doesn’t presently intend to promote any of its holdings. Cango will terminate its American depositary receipt program on Nov. 14, transferring from depositary receipts to direct share buying and selling to remove middleman charges and improve institutional visibility.
The corporate’s Class A peculiar shares are anticipated to start buying and selling instantly on the New York Inventory Trade on Nov. 17.
Mining Operations and Holdings Technique
Cango’s common working hashrate elevated to 46.09 exahashes per second in October from 44.85 EH/s in September. The corporate maintained its deployed hashrate at 50 EH/s, reaching over 90% operational effectivity throughout its mining amenities in North America, the Center East, South America, and East Africa.
Strategic Poasitioning for AI Enlargement
Paul Yu, Cango’s CEO and director, stated the operational and monetary milestones put the corporate in a robust place to seize worth from rising alternatives in power and AI going ahead. The CEO famous the achievements spotlight the operational maturity Cango has attained because it nears the one-year mark of its strategic transformation. The corporate first entered the crypto asset area in November 2024.
Yu said the deliberate direct itemizing reinforces Cango’s dedication to working as a US-centric group. The miner joins a number of friends exploring AI infrastructure alternatives, together with Galaxy Digital’s $460M AI pivot to transform 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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Much like TeraWulf’s $9.5B AI infrastructure deal with Fluidstack, Cango plans to launch a high-performance computing pilot program within the first half of 2026 centered on AI computing energy collaboration. The miner follows different corporations like CleanSpark’s enlargement into AI knowledge facilities because the trade diversifies past conventional mining operations.
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