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

1. Cango reported a decline in Bitcoin production in February 2025. 2. Total Bitcoins held increased significantly from January to February 2025. 3. Cango maintained a consistent deployed hashrate of 32 EH/s. 4. The decrease in daily Bitcoin production could indicate operational challenges. 5. Cango has diversified into crypto assets beyond its automotive services.

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FAQ

Why Neutral?

The decline in Bitcoin production is a concern but offset by increased holdings.

How important is it?

The recent updates on Bitcoin production and holdings suggest operational insights that can influence investor sentiment.

Why Short Term?

Current production changes may reflect immediate operational issues impacting stock performance.

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BTCTSLANIO
, /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in February 2025. Bitcoin Mining Update for February 2025 Metrics Feb 2025 1 Jan 2025 1 Number of Bitcoins produced 472.7 538.2 Average number of Bitcoins produced per day 16.9 17.4 Total number of Bitcoins held 2 1,944.7 1,472.0 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3   29.7 EH/s      30.1 EH/s    1.  Unaudited, estimated.2.  As of month-end.3.  Average over the month. About Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China's automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products and services centering on used car trading and exporting. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers' car purchase service platform of choice. In recent years, Cango has diversified its business operations and expanded its operation into other industries, such as overseas crypto assets. For more information, please visit: www.cangoonline.com.  Investor Relations Contact Yihe LiuCango Inc.Tel: +86 21 3183 5088 ext.5581Email: [email protected]  Helen WuPiacente Financial CommunicationsTel: +86 10 6508 0677Email: [email protected] SOURCE Cango Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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