FMP
Nov 07, 2025
Cango Inc. (NYSE:CANG) is a prominent player in the Bitcoin production and mining industry. As the company approaches its quarterly earnings release, investors and analysts are closely monitoring its performance metrics and financial health. Here's a detailed look at Cango's recent Bitcoin production figures, financial ratios, and upcoming corporate actions.
- Bitcoin Production: In October 2025, Cango produced 602.6 Bitcoins, a slight decrease from 616.6 in September. The company's total Bitcoin holdings reached 6,412.6.
- Financial Ratios: Despite a negative EPS of -$0.20 and a P/E ratio of -0.59, Cango's price-to-sales ratio stands at 1.53, indicating investor confidence. The company also boasts a low debt-to-equity ratio of 0.34 and a current ratio of 1.64, showcasing its liquidity and financial stability.
- Upcoming Corporate Actions: Cango is set to release its quarterly earnings on November 10, 2025. Additionally, the company plans to terminate its ADR program and directly list its ordinary shares on the NYSE, highlighting its commitment to the U.S. market.
Cango's operations are supported by a steady deployed hashrate of 50 EH/s, underscoring the company's efficiency in Bitcoin mining. With an enterprise value to sales ratio of 1.81 and an earnings yield of approximately -1.69%, Cango's valuation metrics present a mixed picture. However, the company's operational maturity, as indicated by CEO Paul Yu's statement on the average operating hashrate exceeding 90%, suggests a strong foundation for future growth.
As Cango Inc. navigates the volatile cryptocurrency market and prepares for its direct listing on the NYSE, investors are keenly watching its financial indicators and operational achievements. The upcoming quarterly earnings report will be a critical moment for the company, potentially influencing its stock price and investor sentiment.
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