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)
25-NSE - Cango Inc. (0001725123) (Subject)
6-K - Cango Inc. (0001725123) (Filer)
DALLAS, Dec. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for November 2025. Bitcoin Mining Production and Mining Operations Update for November 2025 Metric November 2025 [1] October 2025 [1] Number of Bitcoin produced 546.7 602.6 Average number of Bitcoin produced per day 18.22 19.44 Total number of Bitcoin held [2] 6,959.3 6,412.6 Deployed hashrate 50 EH/s 50 EH/s Average operating hashrate [3] 44.38 EH/s 46.09 EH/s Unaudited, estimated.As of month-end.Average over the month.Not
DALLAS, Dec. 2, 2025 /PRNewswire/ -- On December 1, Cango Inc. (NYSE:CANG) ("Cango" or the "Company") announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial and Operational Highlights Total revenues were US$224.6 million in the third quarter of 2025, an increase of 60.6% compared with the second quarter of 2025. Revenue from the bitcoin mining business in the third quarter of 2025 was US$220.9 million.Operating income was US$43.5 million and net income was US$37.3 million over the period. Adjusted EBITDA for the t
DALLAS, Dec. 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial and Operational Highlights Total revenues were US$224.6 million in the third quarter of 2025, an increase of 60.6% compared with the second quarter of 2025. Revenue from the bitcoin mining business in the third quarter of 2025 was US$220.9 million.Operating income was US$43.5 million and net income was US$37.3 million over the period. Adjusted EBITDA for the third quar
H.C. Wainwright initiated coverage of Cango with a rating of Buy and set a new price target of $8.00
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
DALLAS, Dec. 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Financial and Operational Highlights Total revenues were US$224.6 million in the third quarter of 2025, an increase of 60.6% compared with the second quarter of 2025. Revenue from the bitcoin mining business in the third quarter of 2025 was US$220.9 million.Operating income was US$43.5 million and net income was US$37.3 million over the period. Adjusted EBITDA for the third quar
DALLAS, Texas, Nov. 25, 2025 /PRNewswire/ -- Cango Inc. (NYSE:CANG) ("Cango" or the "Company") today announced that it plans to release its third quarter 2025 financial results after the market closes on Monday, December 1, 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 Monday, December 1, 2025, at 8:00 P.M. Eastern Time or Tuesday, December 2, 2025, at 9:00 A.M. Hong Kong Time to discuss the financial results. Listeners may access the call by dialing the f
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
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