Emerson Zhao's questions to Cango Inc (CANG) leadership • Q1 2025
Question
Emerson Zhao of Goldman Sachs inquired about Cango's outlook on cryptocurrency market trends and its strategy for addressing the challenges of increasing global computing power and mining difficulty.
Answer
CFO Yongyi Zhang stated that Cango sees both opportunities and challenges in the crypto market and will adapt its strategies accordingly. To combat rising mining difficulty, the company will optimize existing operations, expedite the delivery of its next 18 exahashes per second of computing power, and actively seek acquisition opportunities to enhance production capacity.