Cango Inc. Surpasses 5,000 Bitcoin Treasury Amidst Robust August Mining Operations
Cango Inc. announced a highly successful August 2025, producing 663.7 BTC and reaching over 5,000 BTC in its treasury. The company's average operating hashrate increased by 6.9% to 43.74 EH/s.
CEO Paul Yu attributed these results to strategic initiatives, including the full operation of 50 EH/s deployed capacity and the acquisition of a 50 MW facility in Georgia. Cango intends to hold its Bitcoin long-term.