Welcome to our dedicated page for Cango SEC filings (Ticker: CANG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cango Inc. filings document a foreign issuer centered on Bitcoin mining, energy-linked infrastructure, AI compute initiatives, and an online international used car export business. Its Form 20-F and 6-K reports disclose operating results, mining economics, digital-asset holdings, Bitcoin-collateralized borrowings, AutoCango activity, and the company’s transition from an ADR program to a direct NYSE listing.
The filing record also covers material financing agreements, strategic investments, convertible notes, warrants, lock-up arrangements, shareholder and capital-structure disclosures, and NYSE continued-listing communications. Governance filings address director and chief financial officer changes, while current reports provide formal disclosure of business updates, risk-related matters, and foreign-issuer reporting events.
Cango Inc. director Jin Xin (Moore) filed an initial ownership report showing both equity awards and an indirect share stake. He holds options to acquire 1,600,000 Class A ordinary shares at an exercise price of $0.0001 per share. According to the vesting schedule, 25% of these options will vest and become exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments thereafter; each tranche expires on the third anniversary of its vesting date. The filing also reports indirect ownership of 19,267,287 Class A ordinary shares held by Armada Network Limited.
Cango Inc. director Chiu Chang-Wei filed an initial Form 3 reporting derivative and equity interests in the company. Entities associated with him hold warrants to purchase 11,516,837 and 833,351 Class A Ordinary Shares at an exercise price of $0.0001 per share, plus indirect holdings of 47,250,392 and 1,952,116 Class A Ordinary Shares. He also holds options over 320,000 Class A Ordinary Shares, with 25% vesting on October 31, 2026 and the remaining 75% vesting in 36 equal monthly installments thereafter. Footnotes state he disclaims beneficial ownership beyond his pecuniary interest and that the warrants are exercisable only upon specified market capitalization conditions during defined 30‑trading‑day test periods after June 27, 2025.
Cango Inc. director Lu Haitian filed an initial Form 3 disclosing a stock option position. The option covers 40,000 Class A ordinary shares at an exercise price of $0.0001 per share.
According to the vesting terms, 25% of the stock options become vested and exercisable on October 31, 2026. The remaining 75% vest in 36 equal monthly installments starting on November 30, 2026, on the last day of each month. Each vested installment expires three years after its respective exercisable date.
Cango Inc. filed an initial ownership report showing that Chief Financial Officer Zhang Yongyi holds multiple stock option awards over Class A ordinary shares. These options give him the right to buy shares at preset exercise prices.
The holdings include stock options over 420,000 underlying shares at an exercise price of $0.0001 per share and several grants at an exercise price of $0.2951 per share with expirations between 2028 and 2031. Footnotes describe vesting schedules, including options vesting from October 31, 2026 and earlier grants where portions vested between May 25, 2020 and May 25, 2022, with some of those earlier options already exercised and sold.
Cango Inc. director and Chief Executive Officer Paul Yu filed an initial ownership report showing stock options over 440,000 Class A ordinary shares at an exercise price of 0.0001. These options are held directly.
According to the vesting schedule, 25% of the stock options become vested and exercisable on October 31, 2026. The remaining 75% vest in 36 equal monthly installments starting November 30, 2026, on the last day of each month. Each vested installment expires three years after its respective exercisable date.
Cango Inc. Financial Controller Sienna Cen filed an initial ownership report showing a portfolio of equity awards tied to the company’s Class A ordinary shares. The filing lists restricted stock units covering 80,000 underlying Class A shares, with 25% scheduled to vest on October 31, 2026 and the remaining 75% vesting in 36 equal monthly installments starting November 30, 2026. Each restricted stock unit represents a contingent right to receive one Class A ordinary share and has no expiration date. Cen also holds several stock option grants, each with an exercise price of 0.2951 per share and expirations on April 30, 2031 or July 31, 2032, including tranches over 10,000 and 60,000 underlying Class A shares.
Cango Inc. filed an initial ownership report for Chief Investment Officer Tang Simon Ming Yeung, showing he holds stock options to buy 120,000 Class A ordinary shares at an exercise price of $0.0001 per share.
According to the vesting schedule, 25% of these options become exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments starting on November 30, 2026, on the last day of each month. Each installment expires three years after its exercisable date, defining a staggered window during which the options can be used.
Cango Inc. director Lin Yanjun has reported initial beneficial ownership of a stock option covering 40,000 Class A ordinary shares. The option has an exercise price of 0.0001 per share. According to the vesting schedule, 25% becomes exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments starting November 30, 2026. Each vested installment expires three years after its respective exercisability date.
Cango Inc. director CHIU Chang-Wei, through wholly owned entities Fortune Peak Limited and Evermo Limited, has agreed to subscribe for 29,975,137 new Class A ordinary shares for an aggregate US$39,567,181. This insider-led equity investment will be funded from personal funds and working capital.
After issuance, the reporting persons beneficially own 49,202,508 Class A shares, representing 11.99% of Cango’s ordinary shares, based on 360,963,215 shares outstanding plus the new issuance. The company plans to use the proceeds to support expansion into AI and computing infrastructure and to strengthen its balance sheet.
Fortune Peak and Evermo also hold warrants to purchase up to 11,516,837 and 833,351 additional Class A shares, respectively, which are not yet exercisable, and Mr. Chiu holds options for 320,000 Class A shares subject to future vesting.
Cango Inc. reported unaudited fourth-quarter and full-year 2025 results, highlighting its first year as a Bitcoin miner and AI-focused infrastructure company. Full-year revenues from continuing operations reached US$688.1 million, driven mainly by Bitcoin mining income of US$675.5 million from 6,594.6 Bitcoins mined.
Despite strong top-line growth, profitability deteriorated sharply. Total operating costs and expenses were about US$1.1 billion, including large impairment losses on mining machines and fair-value losses on receivables tied to Bitcoin collateral. Cango recorded a full-year loss from operations of US$437.1 million and a net loss from continuing operations of US$452.8 million, versus net income of US$4.8 million in 2024.
Management attributed the swing to non-recurring transformation costs and market-driven fair-value adjustments amid Bitcoin price declines, while noting non-GAAP adjusted net income of US$24.5 million in 2025. The balance sheet shifted toward crypto-related assets and related-party receivables, alongside a related-party long-term debt balance of US$557.6 million. Cango also repurchased 890,155 Class A shares for approximately US$1.2 million and is investing to pivot its mining footprint toward an emerging AI compute and energy platform.