Cango Inc. Releases Letter to Shareholders
Cango Inc. Class A Ordinary Shares (CANG)
Last cango inc. class a ordinary shares earnings: 3/23 04:30 pm
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Source: PR Newswire
HONG KONG, Nov. 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango's vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals. In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in June 2025. The company divested its China-based assets by May 2025, redirecting resources to its mining operations. A new Board and management team with expertise in digital assets, finance, and energy was onboarded to guide this ambitious transition.Th
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News
- Cango (NYSE:CANG) had its price target lowered by analysts at HC Wainwright from $8.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
- Cango Inc (CANG) Q3 2025 Earnings Call Highlights: Revenue Surge and Strategic Expansion Amid ... [Yahoo! Finance]Yahoo! Finance
- Cango Inc. rapporteert de niet-gecontroleerde financiële resultaten van het derde kwartaal van 2025PR Newswire
- Cango Inc. Reports Third Quarter 2025 Unaudited Financial ResultsPR Newswire
- Cango Inc. Reports Third Quarter 2025 Unaudited Financial ResultsPR Newswire
CANG
Earnings
- 12/1/25 - Beat
CANG
Sec Filings
- 12/2/25 - Form 6-K
- 10/22/25 - Form S-8
- 10/20/25 - Form F-6
- CANG's page on the SEC website