Cango Inc. Bolsters Bitcoin Reserves to Nearly $700M, Eyes HPC Expansion
Cango Inc., a leading tech company, has bolstered its Bitcoin reserves to nearly $700 million, with the current Bitcoin price at around $120,000. The company, now the 18th largest corporate Bitcoin holder globally, plans to diversify its revenue streams by expanding into high-performance computing (HPC).
Cango Inc.'s Bitcoin holdings have grown significantly, with the company mining 616.6 BTC in September 2025, slightly less than the 863.7 BTC mined in August. Despite the slight decrease, the company added 101.7 BTC to its reserves in September, bringing its total Bitcoin holdings to 5,810 BTC. This expansion was overseen by CEO Paul Yu.
The company's mining efficiency has improved, with an operational hash rate of 44.85 EH/s. This efficiency has resulted in an average daily Bitcoin mining output of 20.55 BTC in September 2025.
Cango Inc.'s substantial Bitcoin reserves, now worth nearly $700 million, and its plans to expand into HPC demonstrate the company's commitment to diversifying its revenue streams. With improved mining efficiency and a significant increase in Bitcoin holdings, Cango Inc. continues to solidify its position as one of the largest corporate Bitcoin holders worldwide.
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