Cango Inc has made headlines this week by announcing the mining of 1,154 BTC, bringing its total holdings to around 7,758 BTC. However, according to the experts cited in the publication, the situation is becoming critical due to a lack of primary source validation.
Shift to Bitcoin Mining
The company, which shifted its focus to Bitcoin mining in 2025 under the leadership of CEO Peng Yu, has reportedly made significant advancements in digital asset management.
Skepticism Among Stakeholders
Despite the impressive figures presented, the absence of official confirmations has led to skepticism among industry stakeholders. Many are questioning the accuracy of the data.
Need for Transparency
This highlights the need for transparency in the rapidly evolving cryptocurrency landscape.
While Cango Inc has recently reported significant Bitcoin mining achievements, the influence of US-based miners on the global hashrate remains a critical factor in the cryptocurrency landscape. For more details, see US miners.
