Cango Inc. reported a significant increase in Bitcoin production in July 2025, reaching a total of 650.5 BTC. This was made possible by expanding their hashrate.
Increase in Bitcoin Production
Cango Inc. recorded a 45% increase in Bitcoin production for July 2025, achieving a total volume of 650.5 BTC. This increase is attributed to operational improvements after deploying additional mining resources.
Hashrate Expansion and Efficiency
The increase in hashrate from 32 to 50 EH/s enabled Cango to achieve production growth. CEO Paul Yu stated, "The addition of 18 EH/s at the end of June allowed us to expand our deployed hashrate to 50 EH/s in July and deliver a 45% month-over-month increase in Bitcoin produced." The average operating hashrate of 40.91 EH/s throughout the month underscores the company’s robust operational efficiency.
Company's Future Plans
Cango is focused on vertical integration and energy diversification in its future operational plans. The current changes do not anticipate the need for additional funding or regulatory impacts. Technological advancements are also expected to further drive production efficiency.
Thus, the increase in Bitcoin production by Cango Inc. reflects the successful implementation of the company's strategy to enhance operational efficiency and scale its business.
