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

1. Cango produced 530.1 Bitcoins in March 2025, up from 472.7 in February. 2. Average Bitcoins produced daily increased to 17.1 from 16.9. 3. Total Bitcoins held rose to 2,474.8, improving operational depth. 4. Cango maintains a stable hashrate of 32 EH/s. 5. Expansion into crypto assets is part of Cango's diversification strategy.

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FAQ

Why Bullish?

Increased Bitcoin production and holdings indicate operational improvement, potentially boosting investor confidence.

How important is it?

The production update reflects key operational metrics that could significantly influence investor perceptions and trading activity in CANG.

Why Short Term?

Improvement in production can quickly influence market perception and stock price.

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BTCMARHIVERIOT
, /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025. Bitcoin Mining Update for March 2025 Metrics Mar 2025 1 Feb 2025 1 Number of Bitcoins produced 530.1 472.7 Average number of Bitcoins produced per day 17.1 16.9 Total number of Bitcoins held 2 2,474.8 1,944.7 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.3 EH/s 29.7 EH/s 1. 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: [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 Also from this source

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