Workflow
Crypto Mining Capacity
icon
Search documents
Cango Inc. Accelerates Strategic Transformation into Global Bitcoin Mining with Divestiture of PRC Business, New Shareholders and Acquisition of Additional Mining Capacity
Prnewswireยท 2025-06-10 10:00
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 t ...