Cango Inc. Reports November 2025 Bitcoin Production and Mining Operations Update

Cango Inc. Reports Strong November Performance Amid Strategic Transformation

DALLAS, Dec. 5, 2025 — Cango Inc. (NYSE: CANG) has released its latest update on Bitcoin production and mining operations, showcasing significant advancements as the company celebrates a pivotal one-year milestone in its strategic transformation.

CEO Paul Yu highlighted the company’s impressive progress, noting that Cango has successfully expanded its deployed hashrate from 32 EH/s to 50 EH/s earlier this year. This expansion has allowed the company to optimize its operations, achieving an average operating hashrate of approximately 90%. By the end of November, Cango reported a robust holding of 6,959.3 BTC, underscoring its growing presence in the cryptocurrency market.

In a significant move, Cango completed its transition to the New York Stock Exchange, marking the end of its American Depositary Receipt (ADR) program. This transition not only facilitates direct share ownership but also enhances the company’s visibility and alignment within the U.S. market.

“Our achievements in November strengthen our foundation and advance our long-term vision,” said Yu. “We are evolving from a leading Bitcoin miner into a global, distributed AI compute network powered by green energy.”

Cango Inc. has strategically positioned itself in the Bitcoin mining sector, with operations spanning North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology and the increasing adoption of digital assets. Alongside its mining operations, Cango continues to operate AutoCango.com, an online platform facilitating international used car exports from China.

As Cango Inc. forges ahead, its commitment to innovation and sustainability remains at the forefront of its mission. For more information about Cango and its operations, visit www.cangoonline.com.

Investor Relations Contact:
Juliet Ye
Head of Communications
Cango Inc.
Email: ir@cangoonline.com

Media Contact:
Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com

Disclaimer: This press release is for informational purposes only and does not constitute investment advice or an offer to invest.