SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”), a number one Bitcoin mining firm with an automotive transaction service in China, at the moment introduced that it has been included within the Bitwise Bitcoin Commonplace Firms ETF (NYSE Arca: OWNB), launched by Bitwise Asset Administration on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Commonplace Index, offering traders with publicity to forward-looking publicly traded companies holding a minimal of 1,000 Bitcoins on their steadiness sheets.
“We’re proud to be included within the lately launched Bitwise Bitcoin Commonplace Firms ETF. Our inclusion highlights the trade’s acknowledgement of our strategic pivot to Bitcoin mining and important achievements in such a short while,” mentioned Mr. Jiayuan Lin, Chief Govt Officer of Cango. “As a forward-looking firm, our future-ready enterprise mannequin ensures we’re well-positioned for sustained development, world growth, and operational flexibility within the Bitcoin mining sector in 2025 and past.”
Since transitioning to a capital-light Bitcoin mining mannequin in This fall 2024, Cango has achieved a variety of milestones, together with main the trade in productiveness per hash price with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, rating third globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a number one Bitcoin mining enterprise. Headquartered in Shanghai, China, Cango has deployed its mining operation throughout strategic places together with North America, Center East, South America, and East Africa. Cango expanded into the crypto belongings market in November 2024, pushed by the event in blockchain know-how, rising prevalence of crypto belongings and its endeavor to diversify its enterprise. In the meantime, Cango has continued to function the automotive transaction service in China since 2010, aiming to make automotive purchases easy and satisfying. For extra data, please go to: www.cangoonline.com.
Protected Harbor Assertion
This announcement comprises forward-looking statements. These statements are made beneath the “protected harbor” provisions of america Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. Cango might also make written or oral forward-looking statements in its periodic reviews to the SEC, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to 3rd events. Statements that aren’t historic information, together with statements about Cango’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Plenty of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Cango’s aim and techniques; Cango’s growth plans; Cango’s future enterprise improvement, monetary situation and outcomes of operations; Cango’s expectations concerning demand for, and market acceptance of, its options and providers; Cango’s expectations concerning maintaining and strengthening its relationships with sellers, monetary establishments, automotive consumers and different platform individuals; normal financial and enterprise circumstances; and assumptions underlying or associated to any of the foregoing. Additional data concerning these and different dangers is included in Cango’s filings with the SEC. All data supplied on this press launch and within the attachments is as of the date of this press launch, and Cango doesn’t undertake any obligation to replace any forward-looking assertion, besides as required beneath relevant legislation.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
E mail: [email protected]
Helen Wu
Piacente Monetary Communications
Tel: +86 10 6508 0677
E mail: [email protected]
