H.C. Wainwright initiated coverage on Cango with a new price target
$CANG
Computer Software: Prepackaged Software
Technology
H.C. Wainwright initiated coverage of Cango with a rating of Buy and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/23/2025 | $8.00 | Buy | H.C. Wainwright |
6-K - Cango Inc. (0001725123) (Filer)
6-K - Cango Inc. (0001725123) (Filer)
SCHEDULE 13G/A - Cango Inc. (0001725123) (Subject)
H.C. Wainwright initiated coverage of Cango with a rating of Buy and set a new price target of $8.00
HONG KONG, Oct. 15, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced that its board of directors has approved the termination of its American depository receipt ("ADR") program*. The ADR program and the related Deposit Agreement are expected to terminate after market closes on Friday, November 14, 2025. At such time, the Company's ADSs will be mandatorily cancelled and the Class A ordinary shares underlying the ADSs will be distributed to holders of the ADSs. Each holder of one ADS will receive two Class A ordinary shares of the Company. The Company expects its Class A ordinary shares will be listed and commence trading on the New York Stock Exchange ("
HONG KONG, Oct. 3, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for September 2025. Bitcoin Mining Production and Mining Operations Update for September 2025 Metric September 2025 1 August 2025 1 Number of Bitcoin produced 616.6 663.7 Average number of Bitcoin produced per day 20.55 21.41 Total number of Bitcoin held 2 5,810.0 5,193.4 Deployed hashrate 50 EH/s 50 EH/s Average operating hashrate 3 44.85 EH/s 43.74 EH/s 1. Unaudited, estimated. 2. As of month-end. 3.
HONG KONG, Sept. 4, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) today announced its unaudited financial results for the second quarter ended June 30, 2025. Financial and Operational Highlights As of June 30, 2025, the company's total mining capacity reached 50 EH/s, primarily driven by the acquisition of 18 EH/s in June 2025. Furthermore, in May, Cango completed the divestiture of its China-based assets for US$352 million, generating substantial liquidity to support ongoing strategic initiatives.Total revenues were US$139.8 million during the period, with the Bitcoin mining business generating revenue of US$138.1 million.Adjusted EBITDA was US$99.1 million during the period.A total of 1,404
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. Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Mr. Peng Yu as CEO and Director, (iii) Mr. Chang-Wei Chiu as Director, (iv) Mr. Yongyi Zhang as CFO and (v) Mr. Simon Ming Yeung Tang as CIO To strengthen governance, t
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. Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Mr. Peng Yu as Chief Executive Officer and Director, (iii) Mr. Chang-Wei Chiu as Direct
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
SC 13G/A - Cango Inc. (0001725123) (Subject)
SC 13D/A - Cango Inc. (0001725123) (Subject)
SC 13D/A - Cango Inc. (0001725123) (Subject)
HONG KONG, Sept. 4, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial and Operational Highlights As of June 30, 2025, the company's total mining capacity reached 50 EH/s, primarily driven by the acquisition of 18 EH/s in June 2025. Furthermore, in May, Cango successfully completed the divestiture of its China-based assets for US$352 million, generating substantial cash proceeds and providing ample liquidity to support ongoing strategic
HONG KONG, Sept. 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced that it plans to release its second quarter 2025 financial results after the market closes on Thursday, September 04, 2025. The earnings release will be available on the Company's investor relations website at http://ir.cangoonline.com. Cango's management will hold a conference call on Thursday, September 04, 2025, at 9:00 P.M. Eastern Time or Friday, September 05, 2025, at 9:00 A.M. Hong Kong Time to discuss the financial results. Listeners may access the call by dialing
HONG KONG, Aug. 11, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company"), today announced the acquisition of a fully operational 50 MW mining facility in Georgia, USA, for a total cash consideration of US$19.5 million – a pivotal step marking the Company's transition into a diverse strategy that manages a robust portfolio of Bitcoin mining and energy infrastructure. This transaction represents Cango's first step to steadily increase its portfolio of owned and operated mining facilities. By selectively acquiring low-cost power operations, Cango aims to enhance