Cango Inc. Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results
Cango Inc. Class A Ordinary Shares (CANG)
Last cango inc. class a ordinary shares earnings: 3/23 04:30 pm
Check Earnings Report
Company Research
Source: PR Newswire
SHANGHAI, March 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced its unaudited financial results for the fourth quarter and full year of 2024.Fourth Quarter 2024 Financial and Operational HighlightsTotal revenues were RMB668.0 million (US$91.5 million), a substantial increase from RMB130.2 million in the same period of 2023. This surge was primarily attributable to the launch of our Bitcoin mining business in November 2024, which generated RMB653.0 million (US$89.5 million) in the quarter.A total of 933.8 Bitcoins were mined during the quarter. The average cost to mine Bitcoin, excluding depreciation of mining machines, was US$67,769.9 per Bitcoin in the quarter.Net income was RMB55.9 million (US$7.7 million) in the quarter compared with net loss of RMB103.8 million in the same period of 2023.Total balance of cash and cash equivalents and short-term investments
Show less
Read more
Impact Snapshot
Event Time:
CANG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CANG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CANG alerts
High impacting Cango Inc. Class A Ordinary Shares news events
Weekly update
A roundup of the hottest topics
CANG
News
- Cango (NYSE:CANG) was upgraded by analysts at Greenridge Global to a "strong-buy" rating.MarketBeat
- Cango (NYSE:CANG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Cango Inc. maakt de bitcoin-productie en een update van de mijnbouwactiviteiten voor november 2025 bekendPR Newswire
- Cango Inc. Announces November 2025 Bitcoin Production and Mining Operations UpdatePR Newswire
- Cango Inc. Announces November 2025 Bitcoin Production and Mining Operations UpdatePR Newswire
CANG
Earnings
- 12/1/25 - Beat
CANG
Sec Filings
- 12/22/25 - Form EFFECT
- 12/17/25 - Form F-3
- 12/2/25 - Form 6-K
- CANG's page on the SEC website