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Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift

1. Cango mined 470 Bitcoins in April, an 11.3% decrease from March. 2. Total Bitcoin holdings increased to 2,944.8, up from 2,474.8 in March. 3. Mining difficulty rose by 8% due to a surge in global hashrate. 4. Cango's hashrate remains consistent at 32 EH/s, average operating hashrate at 29.9 EH/s. 5. The current value of Bitcoin holdings is $279 million.

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FAQ

Why Bullish?

Despite a production dip, Cango increased holdings, indicating long-term strategic confidence. Similar situations have previously led to price recoveries.

How important is it?

The production update highlights operational stability and strategic vision, important factors for investors.

Why Long Term?

Commitment to Bitcoin holdings and operational enhancements suggest sustainable future growth; past trends show that consistent strategies yield long-term gains.

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, /PRNewswire/ -- Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations. In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March. Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company's deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025. "The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March," said Jiayuan Lin, Chief Executive Officer of Cango, "Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders." 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. 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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