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As of October 24, 2025, Cango has increased its total Bitcoin holdings to 6,257.9 BTC after mining 138.6 bitcoins this week. The company has been executing a "mine and hold" strategy to accumulate its Bitcoin treasury.
Further details on Cango's recent performance and strategy:
Growing BTC Holdings: Cango's Bitcoin treasury has shown consistent growth. After mining 616.6 BTC in September 2025 to reach 5,810 BTC, it continued to increase its holdings, reaching 6,004.64 BTC on October 11. More recently, the company reported mining 133.9 new BTC as of October 17, with holdings totaling 6,119.3 BTC.
Operational Excellence: The company reported in mid-October that its mining efficiency had stabilized at 90%, utilizing its fleet of 50 EH/s. Cango also noted improvements in its operational hashrate, which climbed to 44.85 EH/s in September, with management aiming to unlock the full potential of its 50 EH/s capacity.
Strategic Transformation: In 2025, Cango shifted its core business focus from automotive finance to Bitcoin mining, culminating in the sale of its China-based business in May. This pivot has been described as part of a strategic realignment to focus fully on global Bitcoin mining.
Expansion Plans: Cango has indicated plans to expand into high-performance computing (HPC) and energy infrastructure, leveraging its mining operations. The company believes these moves will create long-term value and provide diversification.
Stock Performance: Cango's stock (CANG) has been active recently, including news regarding the termination of its ADR program and direct listing on the NYSE. The stock price was $4.23 as of 10:30 a.m. EDT on October 24, 2025, and has experienced volatility in recent months."
#BitcoinETFNetInflows
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#Write2Earn
Further details on Cango's recent performance and strategy:
Growing BTC Holdings: Cango's Bitcoin treasury has shown consistent growth. After mining 616.6 BTC in September 2025 to reach 5,810 BTC, it continued to increase its holdings, reaching 6,004.64 BTC on October 11. More recently, the company reported mining 133.9 new BTC as of October 17, with holdings totaling 6,119.3 BTC.
Operational Excellence: The company reported in mid-October that its mining efficiency had stabilized at 90%, utilizing its fleet of 50 EH/s. Cango also noted improvements in its operational hashrate, which climbed to 44.85 EH/s in September, with management aiming to unlock the full potential of its 50 EH/s capacity.
Strategic Transformation: In 2025, Cango shifted its core business focus from automotive finance to Bitcoin mining, culminating in the sale of its China-based business in May. This pivot has been described as part of a strategic realignment to focus fully on global Bitcoin mining.
Expansion Plans: Cango has indicated plans to expand into high-performance computing (HPC) and energy infrastructure, leveraging its mining operations. The company believes these moves will create long-term value and provide diversification.
Stock Performance: Cango's stock (CANG) has been active recently, including news regarding the termination of its ADR program and direct listing on the NYSE. The stock price was $4.23 as of 10:30 a.m. EDT on October 24, 2025, and has experienced volatility in recent months."
#BitcoinETFNetInflows
#congo
#Write2Earn
Original ansehen
BREAKING: Der Kongo und Ruanda haben gerade ein Friedensabkommen unterzeichnet, das von MARCO RUBIO und Präsident Trump vermittelt wurde.
Dies beendet Jahrzehnte schrecklichen Konflikts.
$PEPE $WCT
#TRUMP #congo #rwanda #newsdaily #news_update
Dies beendet Jahrzehnte schrecklichen Konflikts.
$PEPE $WCT
#TRUMP #congo #rwanda #newsdaily #news_update
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