Cango Inc. has achieved record Bitcoin production levels following strategic expansion into the United States, which includes a new 50 MW facility in Georgia.
Expansion and Strategic Growth
Cango Inc. has significantly increased its Bitcoin output, operating at 50 EH/s with a record production high of 663.7 BTC in August 2025. This expansion includes a new 50 MW facility in Georgia, USA.
Strategic Moves and Market Impact
Cango Inc., headquartered in Hong Kong, announced the full operation of its 50 EH/s capacity since July. Under the leadership of CEO Paul Yu, the company has pushed its Bitcoin mining capabilities through a strategic move into the US. The acquisition of a 50 MW facility in Georgia underscores this ambition, marking a significant shift from its origins in vehicle export services. 'With our new 50 EH/s deployed capacity now fully operational since July, our average operating hashrate has increased by 6.9% month-over-month. We are also pleased to share that we mined 663.7 Bitcoins this month, propelling our Bitcoin treasury past the 5,000 milestone.'
Reactions to Expansion and the Company's Future
Cango's expansion coincides with historic shifts where Chinese crypto miners have sought international opportunities despite domestic restrictions. The company's commitment to maintaining its Bitcoin reserves, rather than selling, could strengthen its position in the market and potentially influence Bitcoin price stability. Future financial implications for Chinese firms increasing their crypto presence internationally continue to raise interest, especially as hashpower and efficiency grow.
Cango Inc. showcases a strategic approach to expansion and the strengthening of its positions in the global cryptocurrency market, reflecting a wider trend among Chinese companies to move beyond national borders.
