#United States #Dallas #Bitcoin Mining #Cango Inc. #fleet optimization

Cango Inc.'s Operational Update: Enhancing Bitcoin Mining Efficiency

Cango Inc. (NYSE: CANG) has taken significant strides to modernize its operations, as detailed in its April 2026 update. Emphasizing cost-effectiveness and optimization over mere expansion, the company seeks to solidify its position as a leader in the Bitcoin mining sector while ensuring long-term sustainability. This approach involves enhancing their fleet's efficiency and improving operational margins, which are critical for maintaining a competitive edge in the rapidly evolving digital currency market.

Operational Strategy Focused on Efficiency

In the mining sector, where margins can be tight, Cango's leadership has prioritized refining operational processes. As of April 30, 2026, the company reported a total operational hashrate of 31.58 EH/s. This impressive figure is not only a reflection of their self-mining capabilities but also includes strategic hashrate leasing arrangements that fortify their overall output.

Hashrate Composition

The breakdown of Cango's operational hashrates is noteworthy:

• - Self-Mining: 20.43 EH/s
• - Hashrate Leasing: 11.15 EH/s
• - Total Operational Hashrate: 31.58 EH/s

This diverse hashrate portfolio allows Cango to maintain flexibility and adaptability in its operations.

Key Initiatives of April 2026

Cango's commitment to operational excellence is evident in their key initiatives for April:

• - Fleet Modernization: The company has initiated a strategic fleet renewal process, which involves phasing out older S19 series miners in favor of newer S21 series miners. This upgrade is vital for increasing energy efficiency and decreasing operational costs.
• - Global Operations: The company maintains a strong international presence, operating from 26 active sites across various regions. By diversifying its global footprint, Cango leverages geographical advantages to optimize power costs further.

Production and Cost Management

Cango's disciplined approach has led to promising production metrics:

• - Bitcoin Production: In April, the company produced 230.04 BTC, exclusively from its self-mining activities.
• - Production Costs: The average cash cost per Bitcoin mined was reported at $68,061, showcasing a well-structured transition to a more efficient production model, which started early in 2026.
• - Treasury Position: At the end of April, Cango held a total of 1,057.46 BTC, serving as a solid foundation for future growth.

Strategic Outlook: Emphasizing Economics Over Scale

Cango's future strategy revolves around improving mining economics rather than purely expanding its scale. By continuously enhancing the fleet's energy efficiency and focusing on protecting operational margins, Cango prepares itself to explore new opportunities, especially in energy and AI infrastructure.

As the company forges ahead, Cango Inc. remains steadfast in pursuing innovative solutions that align with its vision of creating an integrated global infrastructure platform intended to support the future of the digital economy. By embracing technological advancements within the Bitcoin mining landscape, Cango is setting a precedent for sustainable practices that prioritize both profitability and environmental sovereignty.

For more information about their initiatives and operations, Cango invites stakeholders and interested parties to visit their official website at www.cangoonline.com or connect via their social media channels.