Cango Inc. Reports November 2025 Bitcoin Production of 546.76 BTC
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 1 hour ago0mins
- Bitcoin Production Increase: In November 2025, Cango produced 546.76 BTC, a decrease from 602.6 BTC in October, reflecting market volatility's impact on production, while holding 6,959.3 BTC demonstrates the company's long-term holding strategy.
- Stable Hashrate Deployment: Cango's deployed hashrate remains at 50 EH/s, although the average operating hashrate slightly decreased to 44.38 EH/s, indicating room for improvement in operational efficiency to ensure future production capacity.
- Strategic Transformation Milestone: November marks the one-year anniversary of Cango's strategic transformation, with CEO Paul Yu noting that the successful expansion of hashrate from 32 EH/s to 50 EH/s has laid a solid foundation for the company's evolution into a global distributed AI compute network.
- Enhanced Market Visibility: Cango's transition to the New York Stock Exchange and termination of its ADR program has increased visibility and attractiveness to investors in the U.S. market, further advancing its long-term growth vision.
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Analyst Views on CANG
Wall Street analysts forecast CANG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CANG is 8.00 USD with a low forecast of 8.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.270
Low
8.00
Averages
8.00
High
8.00
Current: 1.270
Low
8.00
Averages
8.00
High
8.00
H.C. Wainwright
Buy
initiated
$8
2025-07-23
Reason
H.C. Wainwright
Price Target
$8
2025-07-23
initiated
Buy
Reason
H.C. Wainwright initiated coverage of Cango with a Buy rating and $8 price target. The firm says Cango's relationship with Bitmain facilitates acquiring below-market cost hash rate addition and its "robust" balance sheet allows for "aggressive growth."
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About CANG
Cango Inc is a holding company principally engaged in the crypto mining business. The Company primarily operates through two segments. The Bitcoin Mining Business segment is principally engaged in crypto mining operation. The Company is rewarded with bitcoins from mining pools in exchange for the hash calculation to the mining pool operators. The Company has deployed its mining operation across strategic locations including North America, Africa and Asia. The Automobile and Related Business segment is engaged in the operation of an online international used car export business through AutoCango.com to provide pre-sale automobile trading solutions and post-sale after-market services facilitation.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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