News for Cango Inc. (CANG)

Cango Inc. (NYSE:CANG) has sharpened its focus on cryptocurrency mining through a sweeping overhaul of its operations, ownership, and leadership. The Hong Kong-based firm exited its legacy business in mainland China, added new shareholders, and scaled up its Bitcoin (CRYPTO: BTC/USD) mining capacity via a major acquisition. The changes reposition Cango as a more nimble and better-capitalized competitor in the evolving global crypto industry. Also Read: Peter Schiff Left Unfazed As Bitcoin Spikes

PR NewswireHONG KONG, June 10, 2025 HONG KONG, June 10, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly-expanding leader

Cango Inc. (CANG) has transitioned into a global Bitcoin mining company by divesting its PRC operations for $351.94 million. The company has acquired an

In a dramatic turn that few could have predicted, Chinese automotive services platform Cango Inc. has rocketed to the forefront of Bitcoin mining , generating over $100 million in BTC in just two…

Cango (CANG) has finalized a third amendment to its existing sales and purchase agreement, originally dated November 6, 2024. This agreement involves acquiring

PR NewswireHONG KONG, June 4, 2025 HONG KONG, June 4, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has e

Cango Inc. (CANG) announces a third amendment to its crypto mining assets acquisition agreement. The amendment involves issuing 146,670,925 Class A ordi

PR NewswireHONG KONG, June 3, 2025 HONG KONG, June 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its productio

PR NewswireHONG KONG, June 2, 2025 HONG KONG, June 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the Comp

Summary: Cango (CANG) co-founders plan to sell 10 million Class B shares. Enduring Wealth Capital Limited (EWCL) will purchase these shares for a potenti

PR NewswireSHANGHAI, May 27, 2025 SHANGHAI, May 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has com

PR NewswireSHANGHAI, May 16, 2025 SHANGHAI, May 16, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolu

Cango Inc. (CANG) shareholders approved the sale of its PRC business to Ursalpha Digital Limited for $351.94 million. The resolution was passed with ove

Total Revenue: USD145 million, with USD144 million from Bitcoin mining operations.Gross Profit: USD13.61 million.Operating Loss: USD21.42 million.Cash Position

May 15, 2025 / 01:00AM GMTOperator Good morning and evening, everyone. Welcome to Cango Inc.'s First Quarter 2025 Earnings Conference Call. (Operator Instructio

PR NewswireSHANGHAI, May 9, 2025 SHANGHAI, May 9, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it plans to

Cango Inc. (CANG) to announce Q1 2025 financial results on May 14, 2025. A conference call will follow the results release at 9:00 P.M. Eastern Time.

Cango Inc. increases its Bitcoin reserves while maintaining strong mining efficiency despite April's industry shifts

Cango Inc. (CANG) reported an 11.3% decrease in Bitcoin production for April 2025 with a total of 470.0 Bitcoins mined. Company's Bitcoin holdings expan