Cango Inc. has published its monthly operational update for its cryptocurrency mining activities, detailing key performance indicators for June 2025.
Bitcoin Mining Performance: June 2025 vs. May 2025
The company reported producing 450.0 Bitcoin during the month, translating to a daily average of 15.00 coins. This represents a slight decrease from the 484.5 Bitcoin produced in May 2025, which averaged 15.63 coins per day.
Despite the minor dip in production, the company significantly increased its holdings of Bitcoin. As of the end of June, its total Bitcoin held reached 3,879.2, a substantial increase from the 3,429.3 held at the end of the previous month. The company did not report any Bitcoin sales for the period.
On the infrastructure side, Cango's deployed hashrate remained steady at 32 Exahash per second (EH/s). However, its average operating hashrate for the month saw a slight improvement, coming in at 29.92 EH/s compared to 29.86 EH/s in May.
- Bitcoin Produced: 450.0
- Daily Average Production: 15.00
- Total Bitcoin Held: 3,879.2
- Deployed Hashrate: 32 EH/s
- Average Operating Hashrate: 29.92 EH/s
All figures provided are unaudited and represent the company's current estimates.
Major Hashrate Expansion Completed
A significant development in June was the completion of a major acquisition. On June 27, 2025, the company finalized its purchase of additional crypto mining machines, which were already on-rack and operational. This acquisition added a substantial 18 EH/s of hashrate to its portfolio.
This strategic move effectively boosts Cango's total hashrate capacity to 50 EH/s, positioning the company for potential future production growth as this new capacity is fully integrated and optimized.
Understanding Cango Inc.'s Business Operations
Cango Inc. is a publicly-traded company whose primary focus is its Bitcoin mining business. The company has established a globally diversified operational footprint, with mining facilities strategically located across North America, the Middle East, South America, and East Africa.
The company made its strategic entry into the cryptocurrency asset sector in November 2024. This pivot was driven by several key factors, including rapid advancements in blockchain technology, increasing global adoption of digital assets, and a corporate strategy to diversify its business interests.
Alongside its burgeoning crypto mining operations, Cango continues to maintain its established online business, AutoCango.com, which facilitates the international export of used cars from China. This dual-operational model allows the company to serve a global customer base in two distinct but evolving markets.
For those interested in the technical and strategic aspects of large-scale mining, it's crucial to explore more strategies for optimizing such operations.
Frequently Asked Questions
What does "deployed hashrate" mean?
Deployed hashrate refers to the total maximum theoretical computational power that a miner's installed hardware is capable of producing. It represents the full potential capacity if all machines were running perfectly without any downtime.
Why is the average operating hashrate lower than the deployed rate?
The average operating hashrate is typically slightly lower than the deployed rate due to inevitable real-world factors. These include routine machine maintenance, occasional hardware failures, pool switching times, and network connectivity issues, all of which contribute to minor efficiency losses.
What does it mean that the company is holding its Bitcoin?
When a mining company holds its mined Bitcoin instead of immediately selling it, it is often a strategic decision. This approach, known as "HODLing" in crypto circles, indicates a long-term bullish outlook on the asset's price appreciation. It allows the company to benefit directly from any future increase in Bitcoin's value.
How significant is an expansion to 50 EH/s?
Expanding to 50 Exahash per second is a significant increase in mining capacity. It places the company in a more competitive position within the global mining landscape, potentially leading to a greater share of the daily Bitcoin block rewards and increased revenue, assuming Bitcoin's price remains stable or increases.
What are the benefits of a globally diversified mining operation?
Geographic diversification helps mitigate several risks. It protects against region-specific regulatory changes, local energy instability, and extreme weather events. It also allows the company to leverage areas with the most reliable and cost-effective energy sources, which is the primary operational expense in mining.
Is mining still profitable?
Profitability in Bitcoin mining depends on a confluence of factors. These include the price of Bitcoin, the total global network hashrate, the efficiency of the mining hardware, and most importantly, the cost of electricity. Companies with access to low-cost power and efficient operations can remain profitable even in fluctuating market conditions. To stay updated on the factors influencing profitability, you can view real-time tools that track network difficulty and earnings.