{"success":true,"data":{"pressRelease":{"id":"27293","rtpr_id":"nPnb2xtb5a","ticker":"CANG","exchange":"NYSE","all_tickers":["CANG"],"title":"Cango Inc. Announces April 2026 Operational and Fleet Optimization Update; Continuing Strategic Fleet Modernization and Enhancing Production Efficiency","author":"PR Newswire","published_at":"2026-05-08T10:00:00.549Z","article_body":"Cango Inc. Announces April 2026 Operational and Fleet Optimization Update; Continuing Strategic Fleet Modernization and Enhancing Production Efficiency\n\nPR Newswire\n\nDALLAS, May 8, 2026\n\nDALLAS, May 8, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) (\"Cango\" or the\n\"Company\"), a leading Bitcoin miner leveraging its global operations to\ndevelop an integrated energy and AI compute platform, today announced its\noperational update for April 2026.\n\n(https://mma.prnewswire.com/media/2933411/Logo.html)\n\nThe Company continues to prioritize margin and cost-efficiency over scale.\nThis strategic focus includes the ongoing refinement of its mining fleet,\nselective hardware upgrades, and the decommissioning of legacy equipment in\nhigher-cost regions to ensure sustainable growth.\n\nOperational Strategy: Targeted Efficiency and Asset Optimization\n\nAs of April 30, 2026, Cango's total operational hashrate was 31.58 EH/s,\ncomprising its core self-mining fleet and strategic hashrate leasing\narrangements.\n\nOperational Hashrate Composition (as of April 30, 2026):\n Category                    Hashrate (EH/s)\n Self-Mining                 20.43\n Hashrate Leasing            11.15\n Total Operational Hashrate  31.58\n\nKey Initiatives for April included:\n\n * Strategic Fleet Renewal: The Company continued to execute its fleet\noptimization program by decommissioning certain legacy S19 series units at its\nfacilities in select international locations. This move is part of a broader\neffort to phase out less efficient hardware in favor of next-generation\ntechnology, i.e. the procurement and deployment of S21 series miners to\nimprove energy efficiency (J/TH).\n * Global Footprint Stability: The Company currently operates across 26 active\nsites globally, maintaining a diversified portfolio of 20 facilities dedicated\nto self-mining operations and 6 sites utilized for hashrate leasing. This\ngeographic diversity allows Cango to optimize power costs.\nProduction and Cost Management: Enhancing Margin Resilience\n\nCango's efforts have resulted in continued optimization of production\neconomics.\n\n * Bitcoin Production: In April 2026, Cango produced 230.04 BTC, which was\ngenerated exclusively from the Company's self-mining operations.\n * Production Costs: The Company achieved an average cash cost per coin of\n$68,061 for the month. This demonstrates continued cost discipline following\nthe transition to a leaner production model initiated in the first quarter of\n2026.\n * Treasury Position: As of April 30, 2026, the Company's total Bitcoin holdings\nstood at 1,057.46 BTC.\nStrategic Outlook: Efficiency Over Scale\n\nMoving forward, Cango remains steadfast in its strategy to prioritize mining\neconomics over scale. The Company's core objective is the continuous\nimprovement of its fleet's energy efficiency and the protection of operational\nmargins. This disciplined approach ensures that the Company is well-positioned\nto continue its transition to tap into opportunities in energy and AI\ninfrastructure.\n\nAbout Cango Inc.\n\nCango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish\nan integrated, global infrastructure platform capable of powering the future\ndigital economy. The Company's mining operations span across North America,\nthe Middle East, South America, and East Africa.\n\nSince entering the digital asset space in November 2024, Cango has activated\npilot projects in both integrated energy solutions and distributed AI\ncomputing. In parallel, Cango continues to operate an online international\nused car export business through AutoCango.com.\n\nFor more information, please visit: www.cangoonline.com\n(http://www.cangoonline.com/) and follow us on: X (https://x.com/Cango_Group)\nand LinkedIn (https://www.linkedin.com/company/13724917/admin/dashboard/) .\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements within the meaning of\nthe \"safe harbor\" provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements can be identified by\nwords or phrases such as \"will,\" \"expects,\" \"anticipates,\" \"future,\"\n\"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements. Statements\nthat are not historical facts, including statements about Cango's beliefs and\nexpectations, are forward-looking statements. These statements are based on\nCango's current expectations and assumptions and are not guarantees of future\nperformance. Forward-looking statements involve inherent risks and\nuncertainties. A number of factors could cause actual results to differ\nmaterially from those contained in any forward-looking statement, including\nbut not limited to the following: Cango's goal and strategies; Cango's\nexpansion plans; Cango's future business development, financial condition and\nresults of operations; Cango's expectations regarding demand for, and market\nacceptance of, its solutions and services; general economic and business\nconditions; and assumptions underlying or related to any of the foregoing.\nFurther information regarding these and other risks is included in Cango's\nfilings with the SEC. All information provided in this press release is as of\nthe date of this press release, and Cango does not undertake any obligation to\nupdate any forward-looking statement, except as required under applicable law.\n\nInvestor Relations Contact\n\nJuliet Ye, Head of Communications\nCango Inc.\nEmail: ir@cangoonline.com (mailto:ir@cangoonline.com)\n\nChristensen Advisory\nTel: +852 2117 0861\nEmail: cango@christensencomms.com (mailto:cango@christensencomms.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cango-inc-announces-april-2026-operational-and-fleet-optimization-update-continuing-strategic-fleet-modernization-and-enhancing-production-efficiency-302766696.html\n(https://www.prnewswire.com/news-releases/cango-inc-announces-april-2026-operational-and-fleet-optimization-update-continuing-strategic-fleet-modernization-and-enhancing-production-efficiency-302766696.html)\n\nSOURCE Cango Inc.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2933411/Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnb2xtb5a","title":"Cango Inc. Announces April 2026 Operational and Fleet Optimization Update; Continuing Strategic Fleet Modernization and Enhancing Production Efficiency","author":"PR Newswire","ticker":"CANG","created":"2026-05-08T10:00:00.549Z","tickers":["CANG"],"exchange":"NYSE","article_body":"Cango Inc. Announces April 2026 Operational and Fleet Optimization Update; Continuing Strategic Fleet Modernization and Enhancing Production Efficiency\n\nPR Newswire\n\nDALLAS, May 8, 2026\n\nDALLAS, May 8, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) (\"Cango\" or the\n\"Company\"), a leading Bitcoin miner leveraging its global operations to\ndevelop an integrated energy and AI compute platform, today announced its\noperational update for April 2026.\n\n(https://mma.prnewswire.com/media/2933411/Logo.html)\n\nThe Company continues to prioritize margin and cost-efficiency over scale.\nThis strategic focus includes the ongoing refinement of its mining fleet,\nselective hardware upgrades, and the decommissioning of legacy equipment in\nhigher-cost regions to ensure sustainable growth.\n\nOperational Strategy: Targeted Efficiency and Asset Optimization\n\nAs of April 30, 2026, Cango's total operational hashrate was 31.58 EH/s,\ncomprising its core self-mining fleet and strategic hashrate leasing\narrangements.\n\nOperational Hashrate Composition (as of April 30, 2026):\n Category                    Hashrate (EH/s)\n Self-Mining                 20.43\n Hashrate Leasing            11.15\n Total Operational Hashrate  31.58\n\nKey Initiatives for April included:\n\n * Strategic Fleet Renewal: The Company continued to execute its fleet\noptimization program by decommissioning certain legacy S19 series units at its\nfacilities in select international locations. This move is part of a broader\neffort to phase out less efficient hardware in favor of next-generation\ntechnology, i.e. the procurement and deployment of S21 series miners to\nimprove energy efficiency (J/TH).\n * Global Footprint Stability: The Company currently operates across 26 active\nsites globally, maintaining a diversified portfolio of 20 facilities dedicated\nto self-mining operations and 6 sites utilized for hashrate leasing. This\ngeographic diversity allows Cango to optimize power costs.\nProduction and Cost Management: Enhancing Margin Resilience\n\nCango's efforts have resulted in continued optimization of production\neconomics.\n\n * Bitcoin Production: In April 2026, Cango produced 230.04 BTC, which was\ngenerated exclusively from the Company's self-mining operations.\n * Production Costs: The Company achieved an average cash cost per coin of\n$68,061 for the month. This demonstrates continued cost discipline following\nthe transition to a leaner production model initiated in the first quarter of\n2026.\n * Treasury Position: As of April 30, 2026, the Company's total Bitcoin holdings\nstood at 1,057.46 BTC.\nStrategic Outlook: Efficiency Over Scale\n\nMoving forward, Cango remains steadfast in its strategy to prioritize mining\neconomics over scale. The Company's core objective is the continuous\nimprovement of its fleet's energy efficiency and the protection of operational\nmargins. This disciplined approach ensures that the Company is well-positioned\nto continue its transition to tap into opportunities in energy and AI\ninfrastructure.\n\nAbout Cango Inc.\n\nCango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish\nan integrated, global infrastructure platform capable of powering the future\ndigital economy. The Company's mining operations span across North America,\nthe Middle East, South America, and East Africa.\n\nSince entering the digital asset space in November 2024, Cango has activated\npilot projects in both integrated energy solutions and distributed AI\ncomputing. In parallel, Cango continues to operate an online international\nused car export business through AutoCango.com.\n\nFor more information, please visit: www.cangoonline.com\n(http://www.cangoonline.com/) and follow us on: X (https://x.com/Cango_Group)\nand LinkedIn (https://www.linkedin.com/company/13724917/admin/dashboard/) .\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements within the meaning of\nthe \"safe harbor\" provisions of the United States Private Securities\nLitigation Reform Act of 1995. Forward-looking statements can be identified by\nwords or phrases such as \"will,\" \"expects,\" \"anticipates,\" \"future,\"\n\"intends,\" \"plans,\" \"believes,\" \"estimates\" and similar statements. Statements\nthat are not historical facts, including statements about Cango's beliefs and\nexpectations, are forward-looking statements. These statements are based on\nCango's current expectations and assumptions and are not guarantees of future\nperformance. Forward-looking statements involve inherent risks and\nuncertainties. A number of factors could cause actual results to differ\nmaterially from those contained in any forward-looking statement, including\nbut not limited to the following: Cango's goal and strategies; Cango's\nexpansion plans; Cango's future business development, financial condition and\nresults of operations; Cango's expectations regarding demand for, and market\nacceptance of, its solutions and services; general economic and business\nconditions; and assumptions underlying or related to any of the foregoing.\nFurther information regarding these and other risks is included in Cango's\nfilings with the SEC. All information provided in this press release is as of\nthe date of this press release, and Cango does not undertake any obligation to\nupdate any forward-looking statement, except as required under applicable law.\n\nInvestor Relations Contact\n\nJuliet Ye, Head of Communications\nCango Inc.\nEmail: ir@cangoonline.com (mailto:ir@cangoonline.com)\n\nChristensen Advisory\nTel: +852 2117 0861\nEmail: cango@christensencomms.com (mailto:cango@christensencomms.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cango-inc-announces-april-2026-operational-and-fleet-optimization-update-continuing-strategic-fleet-modernization-and-enhancing-production-efficiency-302766696.html\n(https://www.prnewswire.com/news-releases/cango-inc-announces-april-2026-operational-and-fleet-optimization-update-continuing-strategic-fleet-modernization-and-enhancing-production-efficiency-302766696.html)\n\nSOURCE Cango Inc.\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2933411/Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-08T10:00:00.611392527Z","server_sent_at_ms":1778234400611},"received_at":"2026-05-08T10:00:00.690Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}