Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation September 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Cango Inc. (the “Company”) solely for information purposes 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, warranties,
Slide 3: Q2 Stable Balance sheet
Q2 Stable Balance sheet Balance sheet strength enhanced by disciplined treasury management and hedging initiative Total revenue reached US$50.8 million, with BTC mining contributing US$47.4 million. As of the end of the period, the Company held 1,056 Bitcoins as digital asset reserves, with long-ter
Slide 4: Q2 Operational Highlights
Q2 Operational Highlights Strategically optimizing mining operations through a lean-production model that prioritizes margin resilience over raw scale Operational Strategy Highlights Hashrate Mix as of June 30, 2026 Improving Operational Flexibility 19.84 EH/s • Balanced mix of self-mining and hashr
Slide 5: Financial Resilience
Financial Resilience $ in millions, unaudited Q1 2026 Q2 2026 Total revenues 102.0 50.8 Bitcoin mining income 98.4 47.4 Cost of revenue (Including depreciation) 129.0 67.6 Loss from fair value changes of bitcoin collateral (151.8) (4.1) Loss from operations (254.4) (80.6) General and administrative
Slide 6: AI Infrastructure: Foundational Buildout Completed
AI Infrastructure: Foundational Buildout Completed Initial AI-ready capacity has been established at the Georgia LN site GEORGIA LN SITE DEPLOYMENT STATUS Up to Site Buildout 3 MW Completed in early July, 2026 AI Containerized Units AI-ready infrastructure Arrived on site and were installed with roo
Slide 7: AI Infrastructure Footprint: Georgia and Beyond
AI Infrastructure Footprint: Georgia and Beyond Georgia onboarding underway; broader footprint expansion in progress 50 MW Competitive Air-cool Power Ready capacity PPA rate Cooling type Land Status 10 acres, self-owned freehold Utility Provider Georgia Power (largest utility in GA) Power Contract 5
Slide 8: AI Commercialization Pathway: Validation, Monetization and Dual-Track Growth
AI Commercialization Pathway: Validation, Monetization and Dual-Track Growth SIGNED AND PROSPECTIVE CUSTOMERS TWO COMPLEMENTARY GROWTH TRACKS SINCE THE START OF 3Q26 AI Lab Bare-metal GPU Hosting Using existing sites and power infrastructure Edge Cloud AI Developer Cloud Offering a standardized depl
Slide 9: Validation of modular AI compute
Validation of modular AI compute Inside the Facility & Cooling Unit Inside the Facility Evaporative Cooling Section Cooling Unit Modular Containers & Electrical Infrastructure Switchgear Cabinet A Installed Row of Modular Containers and Supporting AI Compute Module Containers 8
Slide 10: Building for Growth Across Mining and AI
Building for Growth Across Mining and AI Mining and AI will continue as parallel businesses over the long term, with mining cash flow supporting the build-out of AI infrastructure AI & CUSTOMER GROWTH SITE EXPANSION Execute initial AI deployments and Build on operating experience continue signing ne
Slide 11: Thank You
Thank You September 2026