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Cango Inc. Announces Closing of Share-Settled Crypto Mining Assets Acquisitions
Prnewswire· 2025-06-27 10:30
Core Viewpoint - Cango Inc. has successfully completed the acquisition of on-rack crypto mining machines with a total hashrate of 18 Exahash per second, issuing 146,670,925 Class A ordinary shares to the sellers as part of the Share-Settled Transactions [1][2]. Group 1: Acquisition Details - The On-Rack Sales and Purchase Agreement for the Share-Settled Transactions was signed on November 6, 2024, with several amendments made leading up to the closing on June 27, 2025 [2]. - All closing conditions for the Share-Settled Transactions were satisfied or waived, including the NYSE's authorization for the supplemental listing application regarding the Class A ordinary shares [2]. Group 2: Ownership Structure - Following the completion of the Share-Settled Transactions, Golden TechGen Limited, the largest seller, now owns approximately 19.85% of Cango's total outstanding shares, while all sellers collectively own about 41.38% of the total outstanding shares before any Bonus Shares or Adjustment Shares are issued [3]. Group 3: Operational Aspects - The acquired mining machines are currently operational and located in data centers across several countries, predominantly in the U.S. Cango will continue to host these machines and has engaged a service provider for operational and maintenance services [4]. - The completion of these transactions is expected to bolster Cango's expansion and growth within the crypto asset sector [4]. Group 4: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations strategically located in North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the increasing adoption of digital assets [5].
X @The Block
The Block· 2025-06-26 23:53
Bakkt looks to raise $1 billion to fund Bitcoin and digital asset treasury play https://t.co/2q19q45Hc2 ...
X @CoinDesk
CoinDesk· 2025-06-26 19:44
RT CoinDesk Indices (@CoinDeskMarkets)Webinar alert!Join @ricedelman of @thedacfp, David LaValle of @Grayscale and @baehr of @CoinDesk Indices for an informative Webinar on Wednesday, July 16 from 1-2 p.m. ET.Explore digital assets and discover ways to access the crypto asset class beyond #bitcoin.Register today: https://t.co/aLBkd2s21oInformational purposes only. ...
X @CoinDesk
CoinDesk· 2025-06-26 18:35
Digital asset exchange market share analysis: May 2025@Binance maintains derivatives leadership with $2.30T volume and 35.9% market dominance (+0.62% MoM).Key movers:@Gate: +69.9% volume growth, +1.20% market share to 4.13%@HTX: +40.4% volume expansion https://t.co/9Zou2JoJ2v ...
Synaptogenix Announces Name Change to TAO Synergies and New Ticker Symbol "TAOX" for Alignment with AI-Focused Crypto Treasury Strategy
Prnewswire· 2025-06-26 13:15
New trading symbol "TAOX" effective Tuesday, July 1, 2025, New name represents Company's strategic focus on the synergies between cryptocurrency and AINEW YORK, June 26, 2025 /PRNewswire/ -- TAO Synergies Inc. (the "Company"), formerly Synaptogenix, Inc. (NASDAQ: SNPX), today announced that it will begin trading on Nasdaq under the new ticker symbol "TAOX" on Tuesday, July 1, 2025, in accordance with its rebranding to the new name TAO Synergies Inc., effective today. The Company's new corporate identity ali ...
X @aixbt
aixbt· 2025-06-26 12:22
calling it now: first Fortune 500 announces SOL treasury allocation before Q4 2025Aurora Mobile already set precedent with 20% digital asset reserves. Former Blackstone exec raising $1B for multi-asset crypto SPAC explicitly naming Solana.Galaxy makes it 9 ETF filers. CME futures volume ATH. Fiserv connecting 10,000+ banks through FIUSD on Solana.corporate treasuries done playing single asset games ...
World No. 1 Tennis Star Aryna Sabalenka Joins Prenetics’ IM8 Health as Global Ambassador and Shareholder
Globenewswire· 2025-06-26 08:30
Core Insights - Prenetics Global Limited announced a partnership between its premium supplements brand IM8 and world No. 1 tennis player Aryna Sabalenka, who becomes the brand's global ambassador and shareholder [1][6][12] - This partnership is significant as it marks the first endorsement of a supplement brand by Sabalenka, who has reported substantial benefits from using IM8's Daily Ultimate Essentials [3][4][5] Company Overview - Prenetics is a leading consumer health sciences company listed on NASDAQ under the ticker PRE, focusing on advancing consumer health through various initiatives, including IM8 [10] - IM8, co-founded by David Beckham, has rapidly grown to generate over US$50 million in Annual Recurring Revenue within just six months of its launch [6][8] - IM8 has built a loyal customer base of over 60,000 users, delivering more than 5 million servings of its products [6][8] Product Details - IM8's flagship product, Daily Ultimate Essentials, is designed to replace 16 different supplements with a single, NSF Certified for Sport® powder supplement [11] - The product is non-GMO, vegan, free from common allergens, and contains no artificial flavors, colors, or sweeteners [11] Market Context - The partnership comes at a time when supplement safety and quality are critical issues in professional sports, with IM8's NSF Certified for Sport® designation ensuring rigorous testing for prohibited substances [7] - IM8's revenue growth trajectory exceeds typical benchmarks for successful supplement launches by 500%, indicating strong market demand and acceptance [8]
World No. 1 Tennis Star Aryna Sabalenka Joins Prenetics' IM8 Health as Global Ambassador and Shareholder
GlobeNewswire News Room· 2025-06-26 08:30
Aryna Sabalenka becomes first-ever current athlete shareholder in Prenetics, listed on the NASDAQ: (PRE)In just six months, IM8 is one of the fastest growing supplement brands in the world, generating an extraordinary US$50m+ Annual Recurring RevenueIM8 has built a loyal customer base of 60,000+ users who have consumed over 5 million servingsIM8, co-founded by David Beckham is available at www.im8health.com CHARLOTTE, N.C., June 26, 2025 (GLOBE NEWSWIRE) -- Prenetics Global Limited (NASDAQ: PRE), a leading ...
Bit Digital, Inc. Announces Commencement of Public Offering of its Ordinary Shares
Prnewswire· 2025-06-25 20:01
NEW YORK, June 25, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced that it has commenced an underwritten public offering of its ordinary shares. All of the ordinary shares to be sold in the proposed offering will be offered by the Company. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from the proposed offering to purchase Ethe ...
X @Cathie Wood
Cathie Wood· 2025-06-25 17:23
RT ARK Invest (@ARKInvest)Bitcoin’s average daily gains have exceeded its average daily losses across every rolling 4-year window (a halving cycle).ARK's Associate Portfolio Manager for Digital Assets explains.👇 ...