Cango Inc. · NYSE:CANG
Cango — Investor Presentation (October 2025)
16 slides from Cango's investor presentation, October 2025
Slide 1: Investor Presentation October 2025
CANGO Investor Presentation October 2025
Slide 2: Disclaimer
Disclaimer CANGO This presentation has been prepared by Cango Inc. (the “Company”) solely for information purpose and has not been independently verified. By viewing or accessing the information contained in this material, the recipient hereby acknowledges and agrees that no representations, warrant
Slide 3: Transforming into a Digital Asset Leader
Transforming into a Digital Asset Leader CANGO 2024 Began strategic transformation into the digital asset mining industry Shift focus to ‘Energy + Computing Power! Acquired BTC mining assets and began scaling operations 2010-2023 Launched and rapidly expanded automative business Listed on NYSE on Ju
Slide 4: Snapshot
Snapshot About Cango A rapidly emerging leader in institutional Bitcoin mining, Cango combines scalable infrastructure, operational excellence, and strategic financial discipline to maximize returns in the dynamic digital asset market. Our Strategy Asset light model - Acquire plug-and-play mining ri
Slide 5: Worldwide Operations Leverage Geographic Advantages
Worldwide Operations Leverage Geographic Advantages CANGO USA - 57% if a East Africa- 26% 703 MW ating acity 300 MWO 28 EH/s Deplc ; B13 EH/sD ishrate : @ 4Ot sic: : Ei \Y In 4 Geographies 4 1,200 MW Total Operating Capacity 50 EH/s © _ Deployed Hashrate mR lo Paraguay - 6% Oman - 11% 63 MW 3EH/sD D
Slide 6: 50EH/s of Deployed Computing Power
50EH/s of Deployed Computing Power CANGO Site 7, Paraguay 2.14 EH/s Site 2, Oklahoma, USA 5.56 EH/s Site 3, Oman 5.53 EH/s Site 4, Oklahoma, USA 3.08 EH/s ¥ 2 2 — r >) Cango deployed SOEH/s of computing a power across 40+ sites in 4 continents >) These 7 sites account for 57% of Cango’s total deploy
Slide 7: Mining Machine Overview
Mining Machine Overview CANGO ~260K ~46% ~B4% On-rack SI9XP Hyd. SIOXP, S19} XP Machines Data as of August 31, 2025 6| SOURCE: Company data.
Slide 8: Dec-2024 Jan-2025 Feb - 2025
7000 6000 5810 5193.4 5000 4529.7 3879.2 4000 3429.2 2944.8 3000 2474.8 1944.7 2000 1472 933.8 1000 569.5 538.2 472.7 530.1 470 484.4 650.5 663.7 616.6 364.3 364.3 450 0 Nov-2024 Dec-2024 Jan-2025 Feb - 2025 Mar-2025 Apr-2025 May-2025 Jun-2025 Jul-25 Aug-25 Sep-25 7
Slide 9: Hashrate and Average BTC Mined per EH/s
60 20.0 18.7 1 17.9 17.5 50 50 50 50 15.9 16.2 3 15.9 15.7 15.0 15.2 15.0 13.7 40 12.7 32 32 32 32 32 32 32 10.0 20 5.0 0 0.0 Hashrate Average BTC Mined per EH/s 8
Slide 10: • 5,810.0 5,193.4 4,529.7 3,879.2 3429.2 • 2,944.8 2,474.8 ,944.7 1,472.0 933.8 363.9 •
• 5,810.0 5,193.4 4,529.7 3,879.2 3429.2 • 2,944.8 2,474.8 1,944.7 1,472.0 933.8 363.9 • 9
Slide 11: Comprehensive Metrics Showcase Financial Resilience
Comprehensive Metrics Showcase Financial Resilience CANGO $ in millions, unaudited, expect for Tmencthis Q2 2025 Q1 2025 Total Revenues 139.8 145.2 Cost of Revenue 138.1 131.6 Gross Profit 1.7 13.6 Gross Margin 1.2% 9.4% Sales and Marketing ie) 0.06 General and Administrative 3.0 12.8 Research and D
Slide 12: Dec. 2024 Mar. 2025 Jun. 2025
30 25 24 21.9 20 15 10 9 5 0 Dec. 2024 Mar. 2025 Jun. 2025 11
Slide 13: Key Achievements
Key Achievements CANGO Completed Transformation into a Leading Bitcoin Miner Ready to Capitalize on High-Growth Opportunities Clean Exit From China 18 EH/s Acqui: In May, Cango completed the US$352 million divestiture of its legacy In June, Cango completed the share- based acquisition of China asset
Slide 14: Future Roadmap
Future Roadmap CANGO Unlock the full value of 50 EH/s by optimizing operational efficiency. Advancing Strategy to Diversify Business Beyond BTC Mining Long-term Dynamic Computing Orchestrator Medium-term Energy + Compute (>) Dynamically allocate compute between BTC mining and HPC applications. Pilot
Slide 15: Building a Digital Ecosystem: Energy, Compute, and Value
Building a Digital Ecosystem: Energy, Compute, and Value CANGO CANGO is building an intelligent ecosystem where energy and compute dynamically converge to maximize value across Bitcoin mining and HPC applications Tailored Infrastructure Designing & building flexible power and data centers to enable
Slide 16: Thank You