Bitcoin Latest Updates: Cango’s New Strategy Drives Leadership in Bitcoin Mining

Cango Inc. (NYSE: CANG) is quickly distinguishing itself within the

mining industry, as recent achievements and financial projections highlight its swift progress. The company, headquartered in Hong Kong, announced it held a record 6,412.6 Bitcoins as of October 2025—a growth fueled by a deployed hashrate of 50 EH/s and an average operational hashrate of 46.09 EH/s that month, according to a . CEO Paul Yu emphasized this milestone, explaining that the company’s strategic pivot—focusing on U.S. operations and discontinuing its ADR program—has enabled it to leverage opportunities in both energy and artificial intelligence sectors.

The company’s financial outlook is similarly strong. Market analysts anticipate that

will post earnings of CNY1.64 per share for the quarter ending September 30, 2025, with projected revenues reaching CNY1.402 billion, as detailed in a . The only analyst rating available for the stock is a "buy," and the consensus 12-month price target of $8.00 suggests a potential 52.1% increase from its latest closing price of $3.83. These optimistic forecasts are rooted in confidence in Cango’s two-pronged business approach, which merges Bitcoin mining with its online used car export platform, AutoCango.com.

The company’s achievements reflect a larger movement within the Bitcoin mining sector, where mid-sized firms are gaining ground following the halving event. Smaller operators such as Cipher Mining and HIVE Digital have notably increased their realized hashrate after years of infrastructure development, closing the gap with industry leaders like Cango and MARA Holdings, as reported in a

. This heightened competition is being driven by improvements in blockchain scalability—illustrated by Western Union’s integration of into its USD Payment Token (USDPT) platform—and by strategic moves into AI and advanced computing.

Cango’s operational data further demonstrates its upward trajectory. Although daily Bitcoin output dipped slightly in October to 19.44 from September’s 20.55, the company’s average operational hashrate climbed to 90%, indicating greater efficiency, according to the PR Newswire release. Cango’s strategy of holding onto its 6,412.6 BTC for the long term, with no immediate plans to sell, mirrors a broader industry trend of prioritizing value preservation amid market volatility.

With Cango set to directly list its ordinary shares on the NYSE in November, its combined emphasis on mining and AI-powered energy solutions positions it well to adapt to the shifting crypto environment. As competition intensifies in the post-halving era, Cango’s operational expertise and strategic flexibility may help secure its status as a major force in both established and emerging digital asset markets.