Cango Inc Stock Price, News & Analysis

Cango (NYSE: CANG) published its October 2025 bitcoin production and mining update on Nov 3, 2025. Key metrics: 602.6 BTC produced in October (avg 19.44 BTC/day), 6,412.6 BTC held as of month-end, deployed hashrate at 50 EH/s and average operating hashrate of 46.09 EH/s for October. Figures are unaudited and estimated.

The company noted it holds bitcoin long term with no current intent to sell. Management said average operating hashrate exceeded 90% utilization and highlighted surpassing the 6,000 BTC milestone. Cango also announced termination of its ADR program and a planned direct listing of ordinary shares on NYSE, expected to complete in November 2025.

Cango (NYSE: CANG) announced its board approved termination of the company's American Depositary Receipt (ADR) program, effective after market close on November 14, 2025. At termination each ADS will be mandatorily cancelled and holders will receive two Class A ordinary shares per ADS.

The company expects its Class A ordinary shares to commence direct listing and trading on the New York Stock Exchange under the existing ticker CANG when market opens on November 17, 2025. Management said the move aims to allow U.S. investors to exercise shareholder rights directly, eliminate depositary fees for ADS holders, enhance institutional visibility, and support a U.S.-centric strategy to broaden the investor base.

Cango (NYSE: CANG) published its September 2025 Bitcoin production and mining operations update on Oct 3, 2025. Key metrics: 616.6 BTC produced in Sept (avg 20.55 BTC/day) versus 663.7 BTC in Aug; total Bitcoin held rose to 5,810.0 BTC from 5,193.4 BTC month-end; deployed hashrate remained at 50 EH/s and average operating hashrate was 44.85 EH/s (≈89.7% utilization).

The update is unaudited/estimated; Cango states it holds Bitcoin long term and does not intend to sell holdings. Management cited fleet efficiency and plans to explore high-performance computing initiatives.

Cango Inc. (NYSE: CANG) reported its Q2 2025 financial results, marking its first full quarter after strategic transformation into Bitcoin mining. The company achieved total revenues of RMB1.0 billion (US$139.8 million), with Bitcoin mining contributing RMB989.4 million. Cango mined 1,404.4 Bitcoins during Q2 at an average cost of US$83,091 per Bitcoin.

The quarter saw significant developments including reaching 50 EH/s total mining capacity through an 18 EH/s acquisition and completing a US$352 million divestiture of China-based assets. Despite posting a net loss due to one-off charges and non-cash impairment losses, the company achieved an adjusted EBITDA of RMB710.1 million (US$99.1 million). Cango also acquired a 50 MW mining facility in Georgia, USA, advancing its infrastructure strategy.

Cango Inc. (NYSE: CANG), a company focused on Bitcoin mining operations across multiple global locations and international used car exports, has scheduled its second quarter 2025 financial results release for September 4, 2025, after market close.

The company will host a conference call to discuss the results on September 4, 2025, at 9:00 P.M. Eastern Time (September 5, 2025, at 9:00 A.M. Hong Kong Time). The earnings release and webcast will be available on the company's investor relations website, with a replay accessible through September 11, 2025.

Cango Inc. (NYSE:CANG) reported strong Bitcoin mining performance for August 2025, producing 663.7 Bitcoins, up from 650.5 in July. The company's daily Bitcoin production averaged 21.41 BTC, with total Bitcoin holdings reaching 5,193.4.

The company maintained its 50 EH/s deployed hashrate, while average operating hashrate improved by 6.9% month-over-month to 43.74 EH/s. Cango recently acquired a 50 MW Bitcoin mining facility in Georgia, USA, and continues to focus on fleet efficiency improvements and long-term Bitcoin holding strategy.

Cango Inc. (NYSE: CANG) has acquired a 50 MW Bitcoin mining facility in Georgia, USA for $19.5 million in cash. The facility, which previously hosted Cango's miners under a third-party agreement, will now allocate 30 MW for self-mining operations and 20 MW for third-party hosting services.

This strategic acquisition marks Cango's first step in building a portfolio of owned mining facilities, focusing on vertical integration and operational efficiency. The company plans to leverage this infrastructure to develop in-house expertise and gradually expand into providing energy solutions for high-performance computing (HPC) applications beyond Bitcoin mining.

Cango Inc. (NYSE: CANG) reported strong Bitcoin mining performance for July 2025, with production reaching 650.5 Bitcoin, a 45% increase from June's 450.0 Bitcoin. The company achieved an average daily production of 20.99 Bitcoin and increased its total Bitcoin holdings to 4,529.7.

The company's deployed hashrate expanded to 50 EH/s in July, up from 32 EH/s in June, with an average operating hashrate of 40.91 EH/s. CEO Paul Yu highlighted the addition of 18 EH/s at June's end and announced plans for vertical integration and diversification of mining sites and energy infrastructure.

Cango Inc. (NYSE: CANG) has completed its transformation into a global Bitcoin mining company with significant leadership changes. The company appointed Xin Jin as Chairman, Peng Yu as CEO, and several other key executives with expertise in digital assets and finance.

The transformation includes a secondary sale where co-founders sold 10 million Class B shares for US$70 million to Enduring Wealth Capital Limited. The company has already deployed 50 EH/s of mining capacity and holds a treasury of over 4,000 Bitcoins. Following the transaction, Enduring Wealth Capital now controls 36.73% voting power, while former co-founders retain 12.07%.