cango
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In the third quarter of 2025, Cango reported a revenue of $224.6 million, with $220.9 million of that coming from their Bitcoin mining operations. During this quarter, the company mined 1,930.8 BTC, marking a 37.5% increase in output compared to the previous quarter. This performance coincides with Cango marking one year since its strategic transformation into a Bitcoin miner. The company's CEO, Paul Yu, stated that this quarter was a significant milestone and that they remained focused on their core mining operations.
#CryptoNewss #Cango #CPIWatch #BTC #CryptoMarket
#CryptoNewss #Cango #CPIWatch #BTC #CryptoMarket
Evening News Update #Web3
🇺🇸 Trump slams Powell for refusing to cut rates, says Fed board should take over if no action is taken
🏛️ Andreessen Horowitz urges revision of crypto legislation, opposes use of “ancillary asset” as regulatory basis
🇬🇧 UK’s FCA to allow retail investment in crypto ETNs starting October 8
🇰🇷 Samsung Securities raises target prices for Kakao Pay and NHN KCP, citing strong stablecoin prospects
⛏️ Cango mined 142.8 $BTC BTC this week, total holdings now exceed 4,500 $BTC
#TRUMP #Powell #a16z #CryptoRegulation #FCA #Stablecoin #Bitcoin #Cango #Web3News
🇺🇸 Trump slams Powell for refusing to cut rates, says Fed board should take over if no action is taken
🏛️ Andreessen Horowitz urges revision of crypto legislation, opposes use of “ancillary asset” as regulatory basis
🇬🇧 UK’s FCA to allow retail investment in crypto ETNs starting October 8
🇰🇷 Samsung Securities raises target prices for Kakao Pay and NHN KCP, citing strong stablecoin prospects
⛏️ Cango mined 142.8 $BTC BTC this week, total holdings now exceed 4,500 $BTC
#TRUMP #Powell #a16z #CryptoRegulation #FCA #Stablecoin #Bitcoin #Cango #Web3News
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🚗💥 Chinese Cango shifts gears to Bitcoin! 💰🔧
Wow, crypto enthusiasts! The Chinese company Cango, previously known as a car service provider, has hit the brakes... to take the wheel of Bitcoin mining! 🤯
They sold their automotive business for $352 million and are now completely changing direction: welcome to the world of blockchain! 🧠📦
💼 The new owner of the old business is the giant Bitmain, which, in turn, will not stand aside and will transfer Cango a colossal 32 EH/s of mining power. This is not just an entry into the industry — it's an instant VIP mining pass on autopilot! 🚀🖥️
📊 Such a deal is a clear signal: major players in China are once again interested in Bitcoin, and this time — with full seriousness. Cango essentially said:
"Cars are cool, but hash rate is cooler!" 😎⚡
Are you ready for such turns?
More stories about unexpected crypto transformations are already on the way! Subscribe and don't miss a single block! 🧱🧠
#Bitcoin
#CryptoMining
#Bitmain
#Cango
#BlockchainNews
Wow, crypto enthusiasts! The Chinese company Cango, previously known as a car service provider, has hit the brakes... to take the wheel of Bitcoin mining! 🤯
They sold their automotive business for $352 million and are now completely changing direction: welcome to the world of blockchain! 🧠📦
💼 The new owner of the old business is the giant Bitmain, which, in turn, will not stand aside and will transfer Cango a colossal 32 EH/s of mining power. This is not just an entry into the industry — it's an instant VIP mining pass on autopilot! 🚀🖥️
📊 Such a deal is a clear signal: major players in China are once again interested in Bitcoin, and this time — with full seriousness. Cango essentially said:
"Cars are cool, but hash rate is cooler!" 😎⚡
Are you ready for such turns?
More stories about unexpected crypto transformations are already on the way! Subscribe and don't miss a single block! 🧱🧠
#Bitcoin
#CryptoMining
#Bitmain
#Cango
#BlockchainNews
Cango Inc. Expands Its Bitcoin Holdings — Now Owns Over 6,400 BTC.
1️⃣ New Update:
Cango Inc. (NYSE: CANG) has announced that its Bitcoin reserves have surpassed 6,400 BTC as of October 31, 2025.
(Source: markets.ft.com)
2️⃣ Why It Matters:
Cango is emerging as one of the largest Bitcoin-holding companies in Asia, with consistent accumulation even during volatile markets.
This move signals strong institutional conviction in BTC’s long-term value.
3️⃣ Strategic Focus:
The company’s approach combines:
Bitcoin mining operations
Treasury accumulation for reserve strength
Long-term holding instead of short-term trading
4️⃣ Market Context:
While some institutions like BlackRock saw ETF outflows, Cango’s move reinforces the growing “corporate Bitcoin balance sheet” trend — firms using BTC as a hedge and strategic asset.
5️⃣ Investor Insight:
Such steady accumulation reflects increasing corporate trust in Bitcoin’s store-of-value potential.
For retail investors, it’s a reminder that smart money keeps buying the dips.
Are we entering a new wave of corporate Bitcoin adoption Comment below.
>|•| Buy Bitcoin And Your Favorite Coins From Here.
>|•| Follow Me For The Latest Crypto Updates.
$BTC
$BNB
$SOL
#Bitcoin #Cango #CryptoNews #Write2Earn
1️⃣ New Update:
Cango Inc. (NYSE: CANG) has announced that its Bitcoin reserves have surpassed 6,400 BTC as of October 31, 2025.
(Source: markets.ft.com)
2️⃣ Why It Matters:
Cango is emerging as one of the largest Bitcoin-holding companies in Asia, with consistent accumulation even during volatile markets.
This move signals strong institutional conviction in BTC’s long-term value.
3️⃣ Strategic Focus:
The company’s approach combines:
Bitcoin mining operations
Treasury accumulation for reserve strength
Long-term holding instead of short-term trading
4️⃣ Market Context:
While some institutions like BlackRock saw ETF outflows, Cango’s move reinforces the growing “corporate Bitcoin balance sheet” trend — firms using BTC as a hedge and strategic asset.
5️⃣ Investor Insight:
Such steady accumulation reflects increasing corporate trust in Bitcoin’s store-of-value potential.
For retail investors, it’s a reminder that smart money keeps buying the dips.
Are we entering a new wave of corporate Bitcoin adoption Comment below.
>|•| Buy Bitcoin And Your Favorite Coins From Here.
>|•| Follow Me For The Latest Crypto Updates.
$BTC
$BNB
$SOL
#Bitcoin #Cango #CryptoNews #Write2Earn
See original
#MEMEAct
Cango adds Bitcoin mining to its investment portfolio
Strategic move
Chinese company Cango, specialized in automotive technology, has announced its entry into the Bitcoin mining sector as part of its diversification of digital assets.
Its new goal
Cango aims to enhance its revenues by expanding its mining operations, leveraging the existing energy infrastructure in China.
The market is watching
This move positions Cango among a group of non-tech companies that are turning to cryptocurrencies, opening the door to a new wave of institutional adoption.
#CangoBitcoin #BitcoinChina #DigitalAssets #BTCMining
#Cango #Crypto #CryptoMining #BTCMiningRevenue
Cango adds Bitcoin mining to its investment portfolio
Strategic move
Chinese company Cango, specialized in automotive technology, has announced its entry into the Bitcoin mining sector as part of its diversification of digital assets.
Its new goal
Cango aims to enhance its revenues by expanding its mining operations, leveraging the existing energy infrastructure in China.
The market is watching
This move positions Cango among a group of non-tech companies that are turning to cryptocurrencies, opening the door to a new wave of institutional adoption.
#CangoBitcoin #BitcoinChina #DigitalAssets #BTCMining
#Cango #Crypto #CryptoMining #BTCMiningRevenue
Massive Bitcoin Move by Cango! 🚨
Cango just added a huge amount of Bitcoin to its corporate treasury in July 📈
Despite market dips, smart companies are stacking sats! 🧠💰
Is this the new wave of corporate accumulation? 🌊
#Bitcoin #CryptoNews #BTC #CryptoTrends #FinancialFreedom #Cango
Cango just added a huge amount of Bitcoin to its corporate treasury in July 📈
Despite market dips, smart companies are stacking sats! 🧠💰
Is this the new wave of corporate accumulation? 🌊
#Bitcoin #CryptoNews #BTC #CryptoTrends #FinancialFreedom #Cango
See original
⚙️ Chinese car dealer Cango Inc. invests $256 million in Bitcoin mining
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
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Cango Achieves Remarkable Growth in the Bitcoin Mining Sector
Cango (CANG.US) announced strong results in its Bitcoin mining operations in its monthly report for August 2025.
The company recorded a growth of 7% in average computational capacity compared to the previous month, reflecting an effective expansion of its mining infrastructure.
Data also revealed that the company's reserves exceeded 5000 Bitcoin units, indicating its long-term strategy to strengthen its financial position and solidify its presence in the global mining market.
🔍 These figures confirm the growing role of mining companies in supporting the Bitcoin network and highlight Cango as a key player capable of balancing operational expansion and enhancing digital assets.
#تعليم_تحليل #Cango #استثمار_رقمي
$BTC
#BinancehodlerSOMI
Cango (CANG.US) announced strong results in its Bitcoin mining operations in its monthly report for August 2025.
The company recorded a growth of 7% in average computational capacity compared to the previous month, reflecting an effective expansion of its mining infrastructure.
Data also revealed that the company's reserves exceeded 5000 Bitcoin units, indicating its long-term strategy to strengthen its financial position and solidify its presence in the global mining market.
🔍 These figures confirm the growing role of mining companies in supporting the Bitcoin network and highlight Cango as a key player capable of balancing operational expansion and enhancing digital assets.
#تعليم_تحليل #Cango #استثمار_رقمي
$BTC
#BinancehodlerSOMI
💰 Cango Buys Another 141.1 BTC Worth $16.2 Million!
My dear followers, if you enjoy this powerful update, please don’t forget to follow me, like, and share this post with your friends.
Assalamu Alaikum my dear followers,
Today I bring you another bullish update from Bitcoin market. 🚀 The publicly traded Bitcoin mining company Cango has just purchased 141.1 BTC, valued at around $16.2 million. This is not their first buy – it shows they are strongly confident in Bitcoin future.
For market, this is very positive signal. 📊 When a listed company invests millions into Bitcoin, it gives more legitimacy and trust to the whole crypto industry. For small investors and traders, this shows that big institutions are still accumulating BTC, which is often a sign that price can go higher in future.
For Bitcoin itself, such news is always bullish. Every time a company adds to its treasury, supply gets tighter because only 21 million coins exist. This makes Bitcoin more scarce and valuable. For crypto market overall, it creates a wave of confidence, pushing altcoins also to perform better.
So my brothers and sisters, this news is another proof that Bitcoin is becoming the choice of both institutions and retail investors. 💎
My dear followers, if you enjoy this powerful update, please don’t forget to follow me, like, and share this post with your friends. Your support always gives me energy to bring you more hot crypto news daily.
#Bitcoin #Crypto #Cango #BTC #Investing
My dear followers, if you enjoy this powerful update, please don’t forget to follow me, like, and share this post with your friends.
Assalamu Alaikum my dear followers,
Today I bring you another bullish update from Bitcoin market. 🚀 The publicly traded Bitcoin mining company Cango has just purchased 141.1 BTC, valued at around $16.2 million. This is not their first buy – it shows they are strongly confident in Bitcoin future.
For market, this is very positive signal. 📊 When a listed company invests millions into Bitcoin, it gives more legitimacy and trust to the whole crypto industry. For small investors and traders, this shows that big institutions are still accumulating BTC, which is often a sign that price can go higher in future.
For Bitcoin itself, such news is always bullish. Every time a company adds to its treasury, supply gets tighter because only 21 million coins exist. This makes Bitcoin more scarce and valuable. For crypto market overall, it creates a wave of confidence, pushing altcoins also to perform better.
So my brothers and sisters, this news is another proof that Bitcoin is becoming the choice of both institutions and retail investors. 💎
My dear followers, if you enjoy this powerful update, please don’t forget to follow me, like, and share this post with your friends. Your support always gives me energy to bring you more hot crypto news daily.
#Bitcoin #Crypto #Cango #BTC #Investing
⚡️ BREAKING: Chinese NYSE-listed company goes big on Bitcoin! 🇨🇳
#Cango Inc. just acquired 472 $BTC , pushing its total holdings to 1,944 BTC.
That’s a strong statement from a traditional finance player.
Why does this matter?
✅ More corporate adoption = Growing institutional confidence
✅ Fewer BTC on the market = Increased scarcity
✅ Bitcoin’s narrative as a reserve asset keeps getting stronger
Are we about to see a wave of Chinese firms jumping into BTC?
What’s your take? 👇
#Bitcoin #CryptoAdoption #China
#Cango Inc. just acquired 472 $BTC , pushing its total holdings to 1,944 BTC.
That’s a strong statement from a traditional finance player.
Why does this matter?
✅ More corporate adoption = Growing institutional confidence
✅ Fewer BTC on the market = Increased scarcity
✅ Bitcoin’s narrative as a reserve asset keeps getting stronger
Are we about to see a wave of Chinese firms jumping into BTC?
What’s your take? 👇
#Bitcoin #CryptoAdoption #China
🚨 Cango’s Bitcoin Mining Update 🚨
Listed Bitcoin mining company Cango shared fresh data on X, revealing:
✅ Weekly mining output: 151.2 BTC
✅ Total Bitcoin holdings: 4,973.5 BTC
This update highlights Cango’s consistent growth in reserves, strengthening its position among publicly listed Bitcoin miners. With BTC accumulation accelerating, Cango is steadily building a robust treasury in the ongoing market cycle.
DYOR No Financial advice!
Do you think large miners holding BTC will add momentum to the next bull run? 💭
#Bitcoin #BTC #Mining #Cango #StrategyBTCPurchase
$BTC
Listed Bitcoin mining company Cango shared fresh data on X, revealing:
✅ Weekly mining output: 151.2 BTC
✅ Total Bitcoin holdings: 4,973.5 BTC
This update highlights Cango’s consistent growth in reserves, strengthening its position among publicly listed Bitcoin miners. With BTC accumulation accelerating, Cango is steadily building a robust treasury in the ongoing market cycle.
DYOR No Financial advice!
Do you think large miners holding BTC will add momentum to the next bull run? 💭
#Bitcoin #BTC #Mining #Cango #StrategyBTCPurchase
$BTC
Cango Plans Expansion in Bitcoin Mining and AI HPC Market
Chinese automotive transaction firm turned bitcoin miner Cango announced plans to optimize its bitcoin mining operations, focusing on improved uptime and greater energy efficiency. The company is also targeting entry into the AI high-performance computing (HPC) sector.
Additionally, Cango’s board approved a direct listing on the New York Stock Exchange, expected to go live on November 17.
#bitcoin #CryptoMining #Cango #Write2Earn
Chinese automotive transaction firm turned bitcoin miner Cango announced plans to optimize its bitcoin mining operations, focusing on improved uptime and greater energy efficiency. The company is also targeting entry into the AI high-performance computing (HPC) sector.
Additionally, Cango’s board approved a direct listing on the New York Stock Exchange, expected to go live on November 17.
#bitcoin #CryptoMining #Cango #Write2Earn
⚡️ NEW : Chinese 🇨🇳 NYSE-listed auto trading platform #Cango Inc. has acquired 472 BTC💰
Increasing its total holdings to 1,944 BTC, according to reports.
Increasing its total holdings to 1,944 BTC, according to reports.
🤑 In April, public mining companies sold around 70% of the #BTC they mined — the highest level since October 2024.
#Riot and #CleanSpark ditched their HODL strategy and sold off most of their mined coins, while #MARA, #Cango , and #BitFuFu held onto everything.
The reason?
Mining profitability has dropped due to increased network difficulty, despite BTC trading above $100,000.
#Riot and #CleanSpark ditched their HODL strategy and sold off most of their mined coins, while #MARA, #Cango , and #BitFuFu held onto everything.
The reason?
Mining profitability has dropped due to increased network difficulty, despite BTC trading above $100,000.
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