Cango Inc. Announces April 2026 Operational and Fleet Optimization Update; Continuing Strategic Fleet Modernization and Enhancing Production Efficiency
DALLAS, May 8, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced its operational update for April 2026.
The Company continues to prioritize margin and cost-efficiency over scale. This strategic focus includes the ongoing refinement of its mining fleet, selective hardware upgrades, and the decommissioning of legacy equipment in higher-cost regions to ensure sustainable growth.
Operational Strategy: Targeted Efficiency and Asset Optimization
As of April 30, 2026, Cango's total operational hashrate was 31.58 EH/s, comprising its core self-mining fleet and strategic hashrate leasing arrangements.
Operational Hashrate Composition (as of April 30, 2026):
Category
Hashrate (EH/s)
Self-Mining
20.43
Hashrate Leasing
11.15
Total Operational Hashrate
31.58
Key Initiatives for April included:
Production and Cost Management: Enhancing Margin Resilience
Cango's efforts have resulted in continued optimization of production economics.
Strategic Outlook: Efficiency Over Scale
Moving forward, Cango remains steadfast in its strategy to prioritize mining economics over scale. The Company's core objective is the continuous improvement of its fleet's energy efficiency and the protection of operational margins. This disciplined approach ensures that the Company is well-positioned to continue its transition to tap into opportunities in energy and AI infrastructure.
About Cango Inc.
Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa.
Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.
For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. These statements are based on Cango's current expectations and assumptions and are not guarantees of future performance. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
Email: [email protected]
Christensen Advisory
Tel: +852 2117 0861
Email: [email protected]
SOURCE Cango Inc.