Cango Reports 546.76 BTC Production in November 2025, Hashrate Increased to 50 EH/s

Written by Emily J. Thompson, Senior Investment Analyst

CANG.N-6.2%

Source: PRnewswire

Updated: 5 hour ago

0mins

Source: PRnewswire

Bitcoin Production Surge: Cango produced 546.76 BTC in November 2025, a significant increase from just 2.6 BTC in October, showcasing the company's robust growth potential in the Bitcoin mining sector and enhancing its market competitiveness.
Daily Production Metrics: The average daily Bitcoin production decreased slightly from 19.44 to 18.22 BTC, reflecting ongoing efforts to optimize production efficiency, which ensures stable cash flow despite the minor decline.
Stable Hashrate: Cango maintained a total hashrate of 50 EH/s with an average operational hashrate of 44.38 EH/s, indicating the company's continued investment in mining capabilities and technological optimization, thereby strengthening its market position.
Strategic Transformation Milestone: CEO Paul Yu highlighted that November marks the one-year anniversary of the company's strategic transformation, successfully transitioning from the ADR program to the NYSE, which enhances visibility and appeal in the U.S. market, propelling the long-term growth vision forward.

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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: 1.290

Low

8.00

Averages

8.00

High

8.00

Current: 1.290

Low

8.00

Averages

8.00

High

8.00

H.C. Wainwright

Buy

downgrade

$8 -> $3

2025-12-04

New

Reason

H.C. Wainwright

Price Target

$8 -> $3

2025-12-04

New

downgrade

Buy

Reason

H.C. Wainwright lowered the firm's price target on Cango to $3 from $8 and keeps a Buy rating on the shares. The firm cites "rational reflection of market dynamics" for the target cut. Cango's focus on energy-plus-compute along with the November direct listing of its ordinary shares "reduces structural friction for U.S. investors and broadens the potential investor base," the analyst tells investors in a research note.

H.C. Wainwright

Buy

initiated

2025-07-23

Reason

H.C. Wainwright

Price Target

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.