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

1. Cango produced 538.2 Bitcoins in January 2025, down from December's 569.9. 2. Average daily Bitcoin production decreased to 17.4 from 18.4 in the previous month. 3. Cango's total Bitcoin holdings increased significantly from 933.8 to 1,472.0. 4. Operating hashrate slightly declined from 30.4 EH/s to 30.1 EH/s. 5. Cango maintains a hashrate of 32 EH/s, unchanged from December 2024.

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FAQ

Why Bullish?

Increased Bitcoin holdings suggest potential future value and operational strength.

How important is it?

The production update directly sources Cango's investment in crypto, influencing investor sentiment.

Why Short Term?

Upcoming trading and market reactions may influence CANG's price quickly.

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BTCCANG
, /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 January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 Total number of Bitcoins held 2 1,472.0 933.8 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3  30.1 EH/s 30.4 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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