Cango Inc. (CANG) Hits 50 EH/s Mining Capacity, Solidifying Crypto Leadership

In this article, we will be taking a look at the 13 Best Manufacturing Stocks to Buy Right Now. Cango Inc. is one of them.

Cango Inc. (NYSE:CANG), traditionally a platform for automotive transaction services, has rapidly transformed into a major player in the Bitcoin mining industry. The company connects dealers, manufacturers, and buyers globally, but recent strategic shifts have focused on crypto mining as a core growth driver.

In Q2 2025, Cango Inc. (NYSE:CANG) reported total mining capacity of 50 EH/s, including an 18 EH/s acquisition in June. The company divested its China-based assets for $352 million in May, boosting liquidity to support expansion. Bitcoin mining generated $138.1 million in revenue for the quarter, producing 1,404.4 BTC and delivering an adjusted EBITDA of $99.1 million, reflecting strong operational profitability despite a net loss driven by one-off charges unrelated to core operations.

CEO Paul Yu highlighted CANG’s asset-light strategy, which leverages plug-and-play mining rigs for rapid scaling with minimal upfront capital. This approach reduces depreciation costs and enables geographic diversification, mitigating operational risks. Within nine months of its strategic shift, Cango Inc. (NYSE:CANG) has become one of the world’s largest Bitcoin miners, with ongoing expansion plans and solid financial results reinforcing investor confidence.

While we acknowledge the potential of CANG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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