Cryptocurrency miner Cango Inc.'s reserves exceed $ 700 million

Cango Inc. has announced that its bitcoin reserves have exceeded the company’s market capitalization on the New York Stock Exchange. At current prices of about $ 93,000 per bitcoin BTC $92,351.82 Mezo Wrapped BTC 1.29% Market capitalization $53.5 million VOL. 24 hours $1.31 billion , the miner’s total assets are estimated at more than $ 700 million, while the company’s capitalization is about $ 568 million. This has again drawn attention to the estimates of HCW and Greenridge analysts, who called Cango shares «seriously undervalued» back in December.

The Dallas-based company reported that it mined 569 bitcoins in December 2025, up 4.1% from a month earlier. The total reserves reached 7,528 BTC. Against this backdrop, CANG shares rose by 16% in pre-market trading on January 6 and continue to show double-digit growth since the company entered crypto mining in November 2024.

Cango maintains an average operating hashrate of 43.36 EH/s with an installed capacity of 50 EH/s, which is about 5.4% of the global bitcoin network. According to CEO Paul Yu, favorable adjustments to network complexity have allowed the company to maintain stable performance and increase daily production.

Despite the challenges of the industry, where many miners are operating at the edge of profitability, Cango is showing growth and has already entered the list of public companies with the largest bitcoin reserves, ranking 15th. The company follows the HODL strategy and has no plans to sell its assets.

In December, Cango received a new tranche of investment — $ 10.5 million from Enduring Wealth Capital Limited, which complemented the previous funding of $ 70 million. The management states that the funds will be used to improve the efficiency of mining and develop parallel areas — energy solutions and distributed computing for artificial intelligence.

The company already operates at more than 40 sites in North America, the Middle East, South America, and East Africa. Along with mining, it is developing AutoCango.com, a used car export platform that creates a unique corporate structure.

Analysts expect that Cango will be able to narrow the gap between the value of its cryptocurrency reserves and the market valuation of its shares. HCW predicts the price to rise to $ 3, and Greenridge — to $ 4. Meanwhile, the company is actively promoting plans to create a global network for AI computing, using the capacity of its mining sites and access to gigawatts of energy resources.

Thus, Cango is positioning itself not only as a miner but also as a future player in the distributed AI computing market, aiming to turn its sites into universal data centers.