Cango jumps into the top 15 BTC mining companies, what is it planning to do with $10.5 million?

Mining company Cango had an impressive performance in December 2025. According to the latest news, this publicly listed mining company produced 569 Bitcoins in December, bringing its total holdings to 7,528.3 Bitcoins, ranking it 15th among all publicly listed companies holding Bitcoin. More notably, the company also received a new investment commitment of $10.5 million from its major shareholder, with plans to expand energy and AI computing platforms in 2026.

Steady Mining Performance, Continuous Rise in Ranking

Cango’s average daily Bitcoin production in December reached 18.35 BTC. This figure appears stable, but combined with CEO Paul Yu’s statements, it was achieved under “favorable network difficulty adjustments.” In other words, when Bitcoin network difficulty decreases, mining companies can earn more with the same computing power.

What does moving up to 15th place mean from a ranking perspective? According to relevant data, Bitcoin’s market cap is approximately $1.86 trillion, and the ranking of listed companies holding Bitcoin reflects their position among institutional investors. Cango’s entry into the top 15 indicates it has already achieved considerable scale and competitiveness among listed mining companies.

Strategic Layout Behind the Financing

This $10.5 million financing better illustrates the company’s strategy. According to the CEO, the funds will be used for three areas:

• Improving Bitcoin mining efficiency
• Accelerating energy platform development
• Advancing AI computing platform construction

This is not simply “expanding mining capacity,” but a diversified layout. While specific details about the energy and AI platforms are not provided, the direction of the financing clearly shows Cango is preparing for the future of mining. After all, mining companies relying solely on mining face obvious risks—intense competition for hash power, fluctuations in electricity costs, and changing market acceptance of mining.

Market Response Validates Confidence

From the market performance, investors seem to approve of this direction. According to the latest data, Cango’s stock price is $1.61, up 11.81% intraday. This is a significant increase in one day. Meanwhile, Bitcoin’s price is also rising, with a 6.54% increase over the past 7 days, currently quoted at $93,251.

In the context of rising BTC prices and improving market sentiment, the stock performance of mining companies often becomes stronger. But Cango’s performance is not just following the trend—its financing commitment and rising ranking are tangible positives.

Highlights for 2026

From the CEO’s statements, Cango has clear plans for 2026. The financing is expected to be completed in January, meaning new funds will soon be put into operation. The specific progress of the energy and AI platforms warrants attention.

If these two platforms proceed smoothly, Cango’s business model will shift from solely Bitcoin mining to a diversified approach. This is beneficial for the long-term development of mining companies—allowing participation in BTC mining profits while exploring new growth points in energy and AI sectors.

Summary

Cango’s December report demonstrates the steady operation and ambitious vision of a listed mining company. From rising to 15th place to securing $10.5 million in financing, from stable mining output to planning energy and AI platforms, all indicate the company is preparing for the future. Against the backdrop of rising BTC prices and positive market sentiment, these initiatives may attract more attention. The most important follow-up points are how the financing will be implemented and the specific progress of the energy and AI platforms.