Cango has released its Bitcoin production and mining operations update for November 2025, saying it ended the month with 6,959.3 BTC on its balance sheet. The company also said it had expanded deployed hashrate from 32 EH/s to 50 EH/s earlier in the year and maintained average operating hashrate at around 90% through continued optimization.
Management ties November update to one year of strategic change
CEO and Director Paul Yu described November as the one-year mark of Cango’s strategic transformation. In his statement, he linked the month’s update to both operational progress and the direction the company wants to take next. The figures disclosed in the release centered on deployed hashrate, operating efficiency, and total Bitcoin holdings, while the company did not provide a more detailed monthly production breakdown in the text provided.
NYSE transition completed after ADR program ended
Cango said it also completed its transition to the New York Stock Exchange after terminating its ADR program. The company said the move allows for direct share ownership and opens what it called a new phase of visibility and alignment in the U.S. market. That capital-markets change was presented alongside the operating update rather than as a separate announcement.
Mining footprint spans four regions
According to the release, Cango’s Bitcoin mining operations are deployed across North America, the Middle East, South America, and East Africa. The company entered the crypto asset sector in November 2024, citing blockchain advances, broader digital-asset adoption, and a plan to diversify its business portfolio. Alongside mining, Cango said it continues to run an international online used-car export business through AutoCango.com.
Company points to AI compute ambition backed by green energy
Paul Yu said the latest milestones support Cango’s long-term goal of evolving from a Bitcoin miner into a global, distributed AI compute network powered by green energy. The release did not include fresh financial figures tied to any AI business line, nor did it set out a timetable for that shift. The update remained focused on November mining operations, Bitcoin holdings, and the company’s listing transition.