Unidentified Analyst's questions to Cango Inc (CANG) leadership • Q1 2025
Question
An analyst from Sinolink Securities asked for clarification on the decline in April's operational metrics, the impact of rising electricity costs, and the company's broader future strategic direction.
Answer
Executive Jiayuan Lin explained that the April decline in mined coins was due to a global increase in network hash rate and mining difficulty. He acknowledged high electricity costs from the hosted model but noted it avoids heavy capex. To manage this, Cango is pursuing a global energy strategy to renegotiate costs and explore low-cost clean energy. The future strategy remains focused on optimizing mining operations and efficiency.