Cango Inc. Becomes Top 20 Bitcoin Holder as Hashrate Surges
Cango Inc., a Chinese Bitcoin mining company listed on the stock exchange, has expanded its Bitcoin treasury once again. As of September 2025, it has become the 18th largest public company worldwide in terms of Bitcoin holdings.
Cango Inc. mined 616.6 BTC in September, a slight decrease from the 663.7 BTC mined in August. Despite this, the company's operational hashrate has risen to 44.85 exahash per second (EH/s), positioning it to benefit more from future block rewards and changes in network difficulty. This increase in hashrate is a testament to Cango Inc.'s commitment to long-term value creation, as demonstrated by its consistent Bitcoin accumulation.
The company's expansion plans also include venturing into High Performance Computing (HPC) for additional revenue streams. With an average daily Bitcoin production of 20.55 BTC in September, Cango Inc. added 101.7 BTC to its reserves, bringing its total to 5,810 BTC. At the current Bitcoin price of 120,000 USD, the value of Cango Inc.'s Bitcoin reserves is nearly 700 million dollars.
Cango Inc.'s rise to the 18th spot in the global top 100 corporate Bitcoin treasuries reflects its strategic approach to Bitcoin mining and accumulation. With its increasing hashrate and plans to expand into HPC, the company is well-positioned to continue growing its Bitcoin reserves and creating long-term value for shareholders.
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