Cango (NYSE: CANG) released its operational update Monday, with the company reporting that it mined 569 bitcoin in December 2025.
This figure represents an increase from the 546.7 bitcoin Cango produced in November. Cango attributed the higher production levels to favorable network difficulty adjustments in December.
Total bitcoin holdings for the company grew to 7,528.3 as of December 31, up from the 6,959.3 bitcoin held at the end of November. Cango’s management stated it does not currently intend to sell any of its bitcoin holdings.
Cango’s hashrate remained flat at 50 EH/s between November and December, with its average operating hashrate decreasing slightly to 43.36 EH/s from 44.38 EH/s in the previous month.
A major shareholder committed $10.5 million to the company in late December. Cango intends to use the funds to drive greater efficiency in its mining operations. The commitment will also accelerate the development of an integrated energy and AI compute platform in 2026.
Cango also completed its transition to the New York Stock Exchange in December. This move followed the termination of its American Depositary Receipt program and allowed for direct share ownership.
