Cango Reports 569 Bitcoins Produced in December, Major Shareholder Increases Investment by $10.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: PRnewswire
- Bitcoin Production Growth: Cango produced 569 Bitcoins in December 2025, an increase from 546 in November, demonstrating the company's ongoing efforts to optimize mining efficiency, thereby enhancing its competitive position in the market.
- Daily Production Increase: The average daily Bitcoin production reached 18.35, slightly up from 18.22 in November, indicating that the company successfully improved production capacity while stabilizing its hashrate, further solidifying its standing in the Bitcoin mining industry.
- Increased Bitcoin Holdings: As of the end of December, Cango's total Bitcoin holdings rose to 7528.3, reflecting the company's strong commitment to long-term digital asset retention, which will provide a buffer against future market volatility.
- Shareholder Confidence Boost: A major shareholder's decision to increase investment by $10.5 million, expected to close in January 2026, not only reflects confidence in the company's strategic plan but also provides funding support for the parallel development of its energy and AI computing platforms.
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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 3.50 USD with a low forecast of 3.00 USD and a high forecast of 4.00 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.330
Low
3.00
Averages
3.50
High
4.00
Current: 1.330
Low
3.00
Averages
3.50
High
4.00
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
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.
Cango Reports 569 Bitcoins Produced in December, Major Shareholder Increases Investment by $10.5 Million
- Bitcoin Production Growth: Cango produced 569 Bitcoins in December 2025, an increase from 546 in November, demonstrating the company's ongoing efforts to optimize mining efficiency, thereby enhancing its competitive position in the market.
- Daily Production Increase: The average daily Bitcoin production reached 18.35, slightly up from 18.22 in November, indicating that the company successfully improved production capacity while stabilizing its hashrate, further solidifying its standing in the Bitcoin mining industry.
- Increased Bitcoin Holdings: As of the end of December, Cango's total Bitcoin holdings rose to 7528.3, reflecting the company's strong commitment to long-term digital asset retention, which will provide a buffer against future market volatility.
- Shareholder Confidence Boost: A major shareholder's decision to increase investment by $10.5 million, expected to close in January 2026, not only reflects confidence in the company's strategic plan but also provides funding support for the parallel development of its energy and AI computing platforms.
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Cango Reports 569 Bitcoins Produced in December, Major Shareholder Commits $10.5 Million
- Bitcoin Production Growth: Cango produced 569 Bitcoins in December 2025, an increase from 546 in November, with an average daily production rising to 18.35, demonstrating the company's stable growth and adaptability in the Bitcoin mining sector.
- Total Holdings Increase: By the end of December, Cango's total Bitcoin holdings reached 7,528.3 BTC, up from 6,959.3 BTC the previous month, reflecting the company's long-term holding strategy and strengthening its asset base.
- Stable Hashrate Levels: Cango maintained a hashrate of 50 EH/s and an average operational hashrate of 43.36 EH/s in December, ensuring stable mining efficiency and further solidifying its competitive position in the industry.
- Increased Shareholder Confidence: A major shareholder committed $10.5 million at the end of December, expected to close in January 2026, which not only reflects confidence in Cango's strategic roadmap but will also accelerate the parallel development of its energy and AI computing platform.
Continue Reading