Cango Inc. · NYSE:CANG
Cango — Investor Presentation (January 2026)
15 slides from Cango's investor presentation, January 2026
Slide 1: Investor Presentation January 2026
CANGO Investor Presentation January 2026
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: EH/s of Deployed Computing Power
50 EH/s of Deployed Computing Power CANGO USA East Africa Oman Paraguay 30% of total de ashrate 12% of total deployed hashrate 9% of total dey 49% of total deployed hashrate byed hashrate _ Data as of September 30, 2025 40%. AQ ~573 3 5SOEH/s [ap > 90% . Average Bitcoin Produced oO Average Operating
Slide 6: Bitcoin holdings / production by month
8000 7528.4 6959.4 7000 6412.8 6000 5810 5193.4 5000 4529.7 3879.2 4000 3429.2 2944.8 3000 2474.8 1944.7 2000 1472 933.8 1000 569.5 538.2 472.7 530.1 470 484.4 650.5 663.7 616.6 602.6 546.7 569 364.3 364.3 450 0 Nov-2024 Dec-2024 Jan-2025 Feb - 2025 Mar-2025 Apr-2025 May-2025 Jun-2025 Jul-25 Aug-25
Slide 7: Total Hashrate and Operating Hashrate
60 1 50 50 50 50 50 50 50 44.8 46.1 40 43.7 44.4 43.4 40.9 32 32 32 32 32 32 32 30.4 30.1 30.3 29.9 29.9 2 29.8 29.7 28.8 20 0 Nov.2024 Dec.2024 Jan.2025 Feb.2025 Mar.2025 Apr.2025 May 2025 Jun.2025 Jul.2025 Aug.2025 Sep.2025 Oct.2025 Nov. 2025 Dec. 2025 Total Hashrate Operating Hashrate 6
Slide 8: Average BTC Mined per EH/s
20.0 18.7 17.9 17.5 15.9 16.2 15.9 15.7 2 15.0 15.2 15.0 13.7 12.7 13.1 13.1 12.3 10.0 5.0 0.0 Nov.2024 Dec.2024 Jan.2025 Feb.2025 Mar.2025 Apr.2025 May 2025 Jun.2025 Jul.2025 Aug.2025 Sep.2025 Oct.2025 Nov. 2025 Dec.2025 Average BTC Mined per EH/s 7
Slide 9: Cumulative Bitcoin figures
• 7,528.4 6,959.4 6,412.8 5,810.0 5,193.4 4,529.7 3429.2 3,429.3 2,944.8 2,474.8 1,944.7 1,472.0 • 933.8 8
Slide 10: Comprehensive Metrics Showcase Financial Resilience
Comprehensive Metrics Showcase Financial Resilience CANGO $ in millions, unaudited Q3 2025 Q2 2025 Total Revenues 224.6 139.8 Cost of Revenue (Including depreciation) 197.9 138.1 Gross Profit 26.7 1.7 Gross Margin 11.9% 1.2% Gain from fair value changes of bitcoin collateral 23.2 79.2 Income (loss)
Slide 11: Mar-25 Jun-25 Sep-25
25 21.7 20 16.4 10.9 15 12 10 5 0 Mar-25 Jun-25 Sep-25 Dec-25 10
Slide 12: Key Achievements
Key Achievements CANGO Completed Transformation into a Leading Bitcoin Miner Ready to Capitalize on High-Growth Opportunities May, 2025 > 3une,2025 > July, 2025 > August, 2025 > October, 2025 December, 2025 Leadership Restructuring Clean Exit From China 18 EH/s Acquisition First Mining Facility Acq
Slide 13: From BTC Mining to AI Compute
From BTC Mining to Al Compute CANGO Building A Global Distributed Al Computing Infrastructure Network Supported by Green Power Medium-term nergy + HPC Short-term BTC Mining rgy &Al Infrastructure Net mpute york (>) Build a globally distributed compute grid integrating Al compute with energy-linked D
Slide 14: 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 and building flexible power and data centers to enabl
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