Cango Inc. Announces April 2025 Production Update for Crypto Mining Business

Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced its production update for crypto mining business in April 2025.

https://mma.prnewswire.com/media/2675436/CANG_LOGO_Logo.jpg

Bitcoin Mining Update for April 2025

Metrics Apr 2025 1 Mar 2025 1Number of Bitcoins produced 470.0 530.1Average number of Bitcoins produced per day 15.7 17.1Total number of Bitcoins held 2 2,944.8 2,474.8Total number of Bitcoins sold 2 – -Deployed hashrate 2 32 EH/s 32 EH/sAverage operating hashrate 3 29.9 EH/s 30.3 EH/s1. Unaudited, estimated.2. As of month-end.3. Average over the month.

About Cango Inc.

Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Yihe LiuCango Inc.Tel: +86 21 3183 5088 ext.5581Email: ir@cangoonline.com

Helen WuPiacente Financial CommunicationsTel: +86 10 6508 0677Email: ir@cangoonline.com

https://c212.net/c/img/favicon.png?sn=CN80643&sd=2025-05-06

View original content to download multimedia:https://www.prnewswire.com/news-releases/cango-inc-announces-april-2025-production-update-for-crypto-mining-business-302447009.html

SOURCE Cango Inc.

https://rt.newswire.ca/rt.gif?NewsItemId=CN80643&Transmission_Id=202505060600PR_NEWS_USPR_____CN80643&DateId=20250506