Question · Q2 2025
Julie Chi from Guo Jing Securities questioned how Cango plans to maintain its computing power market share amidst competitors reaching 50 exahash, addressing potential miner supply shortages or energy efficiency bottlenecks, and also asked about restrictive policy risks for U.S. infrastructure investments.
Answer
CFO Yongyi Zhang explained that competitiveness is maintained through efficiency optimization, strategic acquisition of second-hand miners, dynamic phasing out of inefficient capacity, and M&A, assuring no miner supply bottleneck. CEO Peng Yu stated that Cango monitors U.S. policy changes with local compliance teams, noting most states are supportive with subsidies, and they maintain regular communication with regulators.