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 7,296 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
We haven’t received any recent analyst ratings for CANG.
Financial journalist opinion
Based on 11 articles about CANG published over the past 30 days
Positive
Seeking Alpha
3 days 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
5 days 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
5 days 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%
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Third Amendment to Share-Settled Crypto Mining Assets Acquisitions
HONG KONG , June 4, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the third amendment (the "Third 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 and April 3, 2025.
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces May 2025 Production Update for Crypto Mining Business
HONG KONG , June 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in May 2025. Bitcoin Mining Update for May 2025 Metrics May 2025 1 Apr 2025 1 Number of Bitcoins produced 484.5 470.0 Average number of Bitcoins produced per day 15.63 15.67 Total number of Bitcoins held 2 3,429.3 2,944.8 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 29.86 EH/s 29.94 EH/s 1.
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Definitive Agreement with Founders and EWCL
HONG KONG , June 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the Company's co-founders, Mr. Xiaojun Zhang and Mr.
Positive
Benzinga
2 weeks ago
Cango's Crypto Makeover Gains Momentum With China Exit
The move could pave the way for the former car trader to relocate its headquarters outside the Chinese Mainland, with Singapore, Hong Kong and the U.S. as possible destinations
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Completes PRC Business Sale, Strengthens Board to Drive Global Bitcoin Focus
SHANGHAI , May 29, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the "PRC Business"), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining industry.
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Announces Closing of PRC Business Disposal and Certain Changes to Board of Directors and Senior Management
SHANGHAI , May 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has completed the previously announced disposal of all of its business in the PRC (the "PRC Business"). The Company announced on April 3, 2025 that it entered into definitive agreements to sell its PRC Business to Ursalpha Digital Limited (the "Purchaser") for a total consideration of approximately US$351.94 million in cash (the "PRC Business Disposal"), and announced on May 16, 2025 that its shareholders approved the PRC Business Disposal.
Neutral
PRNewsWire
3 weeks ago
Cango Inc. Reports Q1 2025 Bitcoin Mining Revenue Meets Apollo Insights' Expectations, Firm Highlights Solid Operational Metrics and Growth Potential
SHANGHAI , May 19, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, today announced the release of Apollo Insights' first quarter review of the Company's performance, which highlighted that Cango's Q1 2025 Bitcoin mining revenue was in line with their expectations and noted the Company's solid operational metrics and potential for future growth. The Apollo Insights review, titled "Q1 BTC Mining Revenue In-Line, Deployed Hash Rate Poised For Growth," reported Cango's Q1 2025 Bitcoin mining revenue at RMB 1,046 million, in line with the firm's estimates.
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