important notes
- The company’s total Bitcoin holdings reached 6,412.6 BTC by the end of the month, passing the 6,000 BTC milestone with no plans to sell.
- Cango will exit its ADR program on November 14 and will list its Class A common stock directly on the NYSE starting November 17, 2025.
- CEO Paul Yu said the operational milestones position Cango to capture value from new opportunities in the energy 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 total holdings will be 6,412.6 BTC by the end of the month. The company mined an average of 19.44 Bitcoins per day during the month, compared to 20.55 BTC per day in September 2025.
company announced The company announced on November 3 that it is a long-term Bitcoin holder and has no intention of selling its holdings at this time. Cango will end its U.S. Depositary Receipt program on November 14th, moving from Depositary Receipts to direct stock trading to eliminate brokerage fees and increase institutional visibility.
The company’s Class A common stock is scheduled to begin direct trading on the New York Stock Exchange on November 17th.
Mining business and ownership strategy
Cango’s average operating hashrate increased from 44.85 EH/s in September to 46.09 EH/s in October. The company maintained a deployed hashrate of 50 EH/s and achieved operational efficiency of over 90% across its mining facilities in North America, the Middle East, South America and East Africa.
Strategic positioning for AI expansion
Cango CEO and Director Paul Yu said the operational and financial milestones put the company in a strong position to capture value from new opportunities in energy and AI in the coming years. The CEO said this achievement highlights the operational maturity that Cango has achieved as it marks one year since its strategic transformation. The company first entered the crypto asset field in November 2024.
Yu said the planned direct listing strengthens Cango’s commitment to operating as a US-centric organization. Miner joins several peers exploring opportunities in AI infrastructure. Galaxy Digital’s $460M AI Pivot Convert mining facilities into data centers.
Cango outlined plans to build a dynamic computing platform that balances Bitcoin mining and AI workloads. The company acquired its first mining facility in Georgia for $19.5 million in August 2025 to develop in-house operational expertise.
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similar to Terra Wolf $9.5 billion AI infrastructure contract Cango plans to leverage Fluidstack to launch a high-performance computing pilot program in the first half of 2026 focused on collaborating AI computing power. Miners follow other companies such as clean spark Deployment to AI data Centers are established as the industry diversifies beyond traditional mining operations.
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