Bitcoin (BTC) miner Cango produced 569 Bitcoin in December 2025, bringing total holdings to 7,528.3 BTC as the company closed the year with stable mining operations.
The NYSE-listed company's average daily production rose to 18.35 Bitcoin in December from 18.22 in November.
Total holdings increased from 6,959.3 BTC at the end of November, according to a company update released Monday.
The accumulated Bitcoin stack is worth approximately $700 million at current prices above $93,000.
What Happened
Cango's deployed hashrate remained at 50 exahashes per second in December.
Operating hashrate declined slightly to 43.36 EH/s from 44.38 EH/s in November.
The company attributed higher production to favorable network difficulty adjustments during the month.
Major shareholder Enduring Wealth Capital Limited committed $10.5 million expected to close in January 2026.
The investment aims to support mining efficiency improvements and expansion into energy infrastructure and AI compute services.
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Why It Matters
Cango entered Bitcoin mining only in November 2024 after purchasing $256 million worth of mining equipment.
The company operates more than 40 mining sites across North America, the Middle East, South America, and East Africa.
Despite mining operations, Cango's stock has declined approximately 44% over the past year.
The company reported negative free cash flow of $252.44 million and remains unprofitable over the last twelve months according to InvestingPro data.
Cango stated it holds Bitcoin for the long term and does not currently intend to sell any holdings.
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