#Cryptocurrency #USA #Hong Kong #Bitcoin Mining #Cango Inc.

Cango Inc. Reports Impressive Bitcoin Production Update for July 2025

On August 5, 2025, Cango Inc. (NYSE: CANG) released its latest report on Bitcoin production and mining activities for the month of July 2025. This update revealed a significant increase in production levels, showcasing the company's robust operational capabilities and strategic planning for the future.

Key Metrics and Growth

In July 2025, Cango Inc. reported the following key metrics:

• - Total Bitcoins Produced: 650.5
• - Average Bitcoins Produced per Day: 20.99
• - Total Bitcoins Held: 4,529.7
• - Total Hashrate: 50 EH/s
• - Average Operational Hashrate: 40.91 EH/s

Comparing these figures to June 2025, where the total production was 450.0 bitcoins and the average daily output was 15.00, it is clear that Cango has achieved a remarkable 45% month-over-month growth in its Bitcoin production. This increase signifies not only a higher production rate but also a strengthened operational foundation.

The company's hashrate—a measure of computational power used in Bitcoin mining—also saw a notable increase. From 32 EH/s in June, it rose to 50 EH/s by the end of July, indicating enhanced mining capabilities. The average operational hashrate maintained at 40.91 EH/s supports the company's goals of maximizing efficiency and productivity within their mining operations.

Commitment to Long-Term Bitcoin Holding

Cango Inc. has emphasized its strategic approach to cryptocurrency. The company plans to hold its Bitcoins for the long term rather than sell them in the current market conditions. This decision aligns with their overarching strategy to enhance financial stability and maximize future gains as they evolve in the rapidly changing landscape of digital assets.

CEO Insights on Growth Potential

Paul Yu, the CEO of Cango Inc., commented on the impressive results stating, “The addition of 18 EH/s at the end of June expanded our hashrate to 50 EH/s in July, allowing us to deliver a remarkable increase in Bitcoin production. Our average operational hashrate of 40.91 EH/s throughout the month is a testament to our robust operational efficiency. This strong performance not only demonstrates our commitment to execution but also fuels our ambition to accelerate production in the future.”

Yu also highlighted that with a new and experienced management team in place, the company is focusing on establishing the foundations for vertical integration, transitioning into a more diversified and resilient portfolio of mining locations and energy infrastructure. This direction will help bolster Cango's position in the competitive Bitcoin mining market.

About Cango Inc.

Cango Inc. primarily engages in Bitcoin mining, with operations strategically spread across 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 growing application of digital assets. Cango also continues to operate AutoCango.com, an international online platform for exporting used cars, which facilitates global customers' access to quality vehicle inventories from China.

For more details about their operations and future plans, visit Cango's official website.

Investor Relations Contacts

For investor inquiries, please contact:
Juliet Ye, Head of Communications, Cango Inc.
Email: [email protected]