Cango, Inc. Sponsored ADR Stock News

SHANGHAI , Feb. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in January 2025. Bitcoin Mining Update for January 2025 Metrics Jan 2025 1 Dec 2024 1 Number of Bitcoins produced 538.2 569.9 Average number of Bitcoins produced per day 17.4 18.4 ...

SHANGHAI , Jan. 2, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in December 2024. Bitcoin Mining Update for December 2024 Metrics Dec 2024 1 Nov 2024 1 Number of Bitcoins produced 569.9 363.9 Average number of Bitcoins produced per day 18.4 18....

SHANGHAI , Dec. 5, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in November 2024. As previously announced by the Company on November 19, 2024, the Company has completed the acquisition of on-rack crypto mining machines with an aggregate hashrat...

SHANGHAI , Nov. 18, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced the appointment of MaloneBailey, LLP ("MaloneBailey") as the Company's independent registered public accounting firm for the year ending December 31, 2024 and on the effectiveness of the Company's internal control over financial...

SHANGHAI , Nov. 15, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second ("EH") for a total purchase price of US$256 million in cash (the "Cash-Settled Tran...

SHANGHAI , Nov. 6, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has entered into agreements to purchase on-rack crypto mining machines with an aggregate hashrate of 50 Exahash per second ("EH") for total considerations valued at approximately US$400 million from a group of sellers. Th...

Cango Inc. (NYSE:CANG ) Q3 2024 Earnings Conference Call November 4, 2024 8:00 PM ET Company Participants Jiayuan Lin - Founder and CEO Ruiyan - Finance Director Conference Call Participants Emerson Zhao - Goldman Sachs Pingyue Wu - CITIC Securities Operator Good morning, and good evening, everyone. Welcome to Cango Inc.'s Third Quarter 2024 Earnings Conference Call.

SHANGHAI , Nov. 4, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Financial and Operational Highlights Total revenues were RMB27.0 million (US$3.8 million), compared with RMB353.6 million in the same period of 2023.