Emerson Zhao's questions to Cango (CANG) leadership • Q1 2025
Question
Emerson Zhao of Goldman Sachs inquired about Cango's perspective on current cryptocurrency market trends and the company's strategy to address the challenges of increasing global computing power and mining difficulty.
Answer
CFO Yongyi Zhang responded that Cango sees both opportunities and challenges in the crypto market and will remain flexible. To combat rising mining difficulty, the company will optimize existing operations, expedite the delivery of its next 18 exahashes of computing power, and actively monitor potential acquisition opportunities to enhance production capacity.