Cango Inc. (CANG.US) announced its latest Bitcoin production and mining operations data for August 2025, showing significant month-over-month growth in average operating hash rate and Bitcoin reserves surpassing the 5,000-coin milestone.

Paul Yu, Chief Executive Officer and Director of Cango Inc., stated: "Since July, the newly deployed 50 EH/s hash rate has been fully operational, with average operating hash rate increasing by 6.9% compared to the previous month. This month we mined 663.7 bitcoins, pushing our Bitcoin reserves beyond the 5,000-coin milestone. This powerfully validates our strategy and further strengthens our foundation for sustainable growth. Meanwhile, we continue to enhance our core mining operations through targeted initiatives to improve mining machine efficiency. This includes meticulous maintenance of existing mining equipment to ensure stable operations, selective upgrades of older mining machines, and our recent acquisition of a 50-megawatt Bitcoin mining facility in Georgia, United States."

Cango Inc. primarily engages in Bitcoin mining operations, with strategic business coverage across North America, the Middle East, South America, and East Africa. Driven by advances in blockchain technology, the increasingly widespread application of digital assets, and the company's commitment to diversifying its business portfolio, the company entered the crypto asset sector in November 2024.

Simultaneously, Cango Inc. continues to operate its online international used car export business through AutoCango.com, enabling global customers to more easily access high-quality vehicle inventory from China.