CANG
CangoCANG
CANG
About: Cango Inc through its subsidiaries, variable interest entities (VIEs), and subsidiaries of the VIEs, are principally engaged in bitcoin mining business, and the automobile trading transaction, automotive financing facilitation, and aftermarket service facilitation businesses (collectively, the automobile and related businesses). The Company conducts the bitcoin mining business mainly through its subsidiaries, and the automobile and related businesses are conducted through the Company's VIEs and the subsidiaries of the VIEs. The company derives majority of its revenue from the bitcoin mining business.
Employees: 217
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
0.63% less ownership
Funds ownership: 6.58% [Q4 2024] → 5.95% (-0.63%) [Q1 2025]
8% less funds holding
Funds holding: 37 [Q4 2024] → 34 (-3) [Q1 2025]
23% less capital invested
Capital invested by funds: $39.3M [Q4 2024] → $30.4M (-$8.94M) [Q1 2025]
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 1 (-1) [Q1 2025]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8
68%
upside
Avg. target
$8
68%
upside
High target
$8
68%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede | 68%upside $8 | Buy Initiated | 23 Jul 2025 |
Financial journalist opinion
Based on 5 articles about CANG published over the past 30 days
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
HONG KONG , July 23, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin miner with the appointment of a new Board of Directors (the "Board") and senior management team with deep expertise in digital-asset infrastructure, finance, and energy investments. On July 23, 2025, the Board appointed (i) Mr.
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
HONG KONG , July 23, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has completed its transformation into a global Bitcoin miner with the appointment of a new Board of Directors (the "Board") and senior management team with deep expertise in digital-asset infrastructure, finance, and energy investments. Pursuant to resolutions adopted on July 23, 2025, the Board appointed (i) Mr.
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Results of Second Extraordinary General Meeting
HONG KONG , July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.
Positive
Schaeffers Research
2 weeks ago
135 Public Companies That Hold Bitcoin — And Why It Matters
Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool.
Neutral
PRNewsWire
4 weeks ago
Cango Inc. Announces June 2025 Production Update for Crypto Mining Business
HONG KONG , July 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in June 2025. Bitcoin Mining Update for June 2025 Metrics June 2025 1 May 2025 1 Number of Bitcoins produced 450.0 484.5 Average number of Bitcoins produced per day 15.00 15.63 Total number of Bitcoins held 2 3,879.2 3,429.3 Total number of Bitcoins sold 2 - - Deployed hashrate 32 EH/s 32 EH/s Average operating hashrate 3 29.92 EH/s 29.86 EH/s 1.
Neutral
PRNewsWire
1 month ago
Cango Inc. Announces Closing of Share-Settled Crypto Mining Assets Acquisitions
HONG KONG , June 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has completed the previously announced acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of 146,670,925 Class A ordinary shares of the Company to the sellers in proportion to the aggregate hashrate of the machines sold by each seller (the "Share-Settled Transactions"). The Company announced signing of the On-Rack Sales and Purchase Agreement for the Share-Settled Transactions (the "Purchase Agreement") on November 6, 2024, and amendments to the Purchase Agreement on March 26, 2025, April 3, 2025, June 4, 2025 and June 23, 2025.
Neutral
PRNewsWire
1 month ago
Cango Inc. Announces Fourth Amendment to Share-Settled Crypto Mining Assets Acquisitions
HONG KONG , June 23, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the fourth amendment (the "Fourth Amendment") to the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") dated November 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the Purchase Agreement on November 6, 2024, and amendments to the agreement on March 26, 2025, April 3, 2025 and June 4, 2025.
Positive
Seeking Alpha
1 month ago
Cango: The Rally May Have Much Further To Go
CANG has seen its stock rally in recent months, but there is reason to believe it is not too late to get in on what could be a bargain. The rise in the stock was triggered by a reversal in the price of Bitcoin, but, while Bitcoin has done well lately, there is more to be aware of. CANG reported a loss in the most recent report, but it is likely to be a one-off event and CANG could even be undervalued based on the balance sheet.
Neutral
PRNewsWire
1 month ago
Cango Inc. Accelerates Strategic Transformation into Global Bitcoin Mining with Divestiture of PRC Business, New Shareholders and Acquisition of Additional Mining Capacity
HONG KONG , June 10, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly-expanding leader in Bitcoin mining, today provided an update on its comprehensive strategic transformation, marked by a series of recently completed transactions and finalized agreements that have repositioned the Company as a well-capitalized leader in the global Bitcoin mining sector. Key Transformation Initiatives and Timeline: May 27, 2025: Cango divested all PRC-based operations and announced changes to the board and management, including the appointment of co-founder and CEO Mr.
Neutral
Benzinga
1 month ago
Who Will Be Calling The Shots At Newly-Minted Cango?
The company will be controlled by two asset managers tied to Singapore's Antalpha Ventures, while Cango's co-founders' voting rights will drop to 18.54%
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