Bitcoin miner Cango closes 2025 with reserves above 7,500 BTC amid rising mining output
Bitcoin miner Cango ended 2025 with over 7,500 BTC in reserves after increasing December production to 569 BTC.Summary
Cango Inc. concluded 2025 with total Bitcoin holdings surpassing 7,528.3 BTC, up from 6,959.3 BTC the previous month, following a production increase to 569 BTC in December from 546.7 BTC in November. The company attributed the higher output to favorable network difficulty adjustments, despite a slight dip in average operating hashrate to 43.36 EH/s. CEO Paul Yu stated that Cango intends to hold its BTC reserves long-term and announced a major shareholder committed $10.5 million for investment closing in January 2026 to enhance mining efficiency and support expansion into energy and AI compute services. Cango, which operates globally and entered Bitcoin mining in late 2024, has seen its stock decline nearly 44% over the past year.
(Source：The Block)