Pioneering the Future of Digital Economy

HONG KONG, June 4, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the third amendment (the “Third Amendment”) to the On-Rack Sales and Purchase Agreement (the “Purchase Agreement”) dated November 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of Class A ordinary shares of the Company to the sellers (the “Share-Settled Transactions”).

HONG KONG, June 3, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in May 2025. Bitcoin Mining Update for May 2025: Number of Bitcoins produced in May

HONG KONG, June 2, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the Company’s co-founders, Mr. Xiaojun Zhang and Mr. Jiayuan Lin (collectively, the “Founders”) and their holding companies (the “Sellers”) have entered into a securities purchase agreement (the “Agreement”) with Enduring Wealth Capital Limited, a company established in the British Virgin Islands (“EWCL”), pursuant to which the Sellers will sell an aggregate of 10,000,000 Class B ordinary shares of the Company to EWCL for a total purchase price of US$70 million (of which US$15 million will be payable only upon the satisfaction of certain conditions) (the “Resale Transaction”). The Company is a party to the Agreement and agreed to undertake certain corporate actions in connection with the Resale Transaction.

SHANGHAI, May 29, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the "PRC Business"), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining industry.