Based on 528btc, Cango reported a 37.5% increase in Bitcoin mined during Q3 2025, reaching 1,930.8 BTC, driven by upgraded mining hardware and improved operational efficiency. The company also outlined a three-phase transition plan to build a global AI computing network powered by green energy, starting with a GPU computing leasing model. Cango’s hash rate increased to 46.09 EH/s in October 2025, exceeding 90% of its 50 EH/s capacity. The firm reported a net profit of $37.3 million for the quarter, despite a high Bitcoin mining cost of $99,383 per unit. Cango also announced a shift from ADR to direct NYSE listing to enhance transparency and attract institutional investors.
Cango Q3 2025 Bitcoin Mining Growth and AI Ambitions Signal Strategic Shift
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