Cango Inc. (NYSE:CANG) Details October Bitcoin Production Ahead of Earnings
Cango Inc. (NYSE:CANG) produced 602.6 Bitcoins in October 2025, a slight decrease from 616.6 in September. The update comes as the company prepares to release its quarterly earnings on November 10, 2025. The company's total Bitcoin holdings have reached 6,412.6.
The company's Bitcoin mining operations are supported by a deployed hashrate of 50 EH/s. In a statement on operational maturity, CEO Paul Yu noted that the average operating hashrate exceeded 90%. For more on the company's background, see its history and ownership.
Despite a negative earnings per share of -$0.20 and an earnings yield of approximately -1.69%, the company maintains a price-to-sales ratio of 1.53. Cango's financial stability is reflected in its low debt-to-equity ratio of 0.34 and a current ratio of 1.64, indicating liquidity. More details are available on Cango's financial health.
In addition to its upcoming earnings report, Cango announced plans to terminate its American Depositary Receipt (ADR) program. The company intends to directly list its ordinary shares on the New York Stock Exchange, a move highlighting its commitment to the U.S. market. Information for current and potential shareholders can be found in the Cango investor profile.
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