Greenridge Capital has initiated coverage on Cango Inc. $(CANG)$ with a buy rating and a US$4.00 target price, citing the company’s strong positioning in Bitcoin mining and its asset-light approach to entering the high-performance computing (HPC) market. The report notes that Cango is currently undervalued, given its substantial liquid assets, a significant Bitcoin holding, a 50 EH/s mining portfolio, and a recently acquired 50MW data center in Georgia. Greenridge Capital’s valuation uses both EV/Adjusted EBITDA and P/E multiples, and does not yet factor in potential upside from Cango’s expanding energy infrastructure projects, including pilot power generation initiatives in Oman and Indonesia.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via CNW (Ref. ID: C4685) on December 24, 2025, and is solely responsible for the information contained therein.