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Cango Inc.

5.50

+0.46009.13%

Pre-market: 5.500.00000.00%04:21 EDT

Volume:1.22M

Turnover:6.42M

Market Cap:973.50M

PE:-1.87

High:5.55

Open:5.11

Low:5.06

Close:5.04

52wk High:9.66

52wk Low:1.40

Shares:177.00M

Float Shares:116.00M

Volume Ratio:2.11

T/O Rate:1.05%

Dividend:- -

Dividend Rate:- -

EPS(TTM):-2.9405

EPS(LYR):0.3946

ROE:-32.55%

ROA:2.04%

PB:1.47

PE(LYR):13.94

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Overview Company News Filings

Cango Fully Powered: 50 EH/s Deployed, Now #2 Global BTC Miner

Cango Inc. Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s

Cango Inc. Completes Acquisition of Crypto Mining Assets, Golden TechGen Becomes Major Shareholder

Cango Inc. Announces Fourth Amendment to Crypto Mining Assets Acquisition Agreement

Cango Inc. Shareholders to Vote on Ratification of Securities Purchase Agreement at Upcoming Meeting

BRIEF-Cango Pivots To Global Bitcoin Mining After PRC Business Divestiture

From China Exit to Crypto Core: Revaluing Cango

Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading

MT Newswires Live

BRIEF-Cango Inc - Enters Third Amendment For Crypto Mining Assets Acquisition

Cango Inc. Announces New Shareholder Agreement and Change of Control at GT

Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading

MT Newswires Live

BRIEF-Cango Inc - Produces 484.5 Bitcoins In May 2025

Asian Equities Traded in the US as American Depositary Receipts Nudge Lower to Open Week in Monday Trading

MT Newswires Live

Cango Inc. Announces Shareholder Agreement with Founders and EWCL for $70 Million Resale Transaction

Cango Inc. Completes Sale of PRC Business for $351.94 Million, Accelerates Global Bitcoin Mining Focus

Press Release: Cango Inc. Announces Closing of PRC Business Disposal and Certain Changes to Board of Directors and Senior Management

Cango Inc. Announces Plans to Secure Favorable Mining Contracts, Explore Self-Operation, Invest in Clean Energy, Offer Digital Financial Services, and Develop Used Car Platform

Press Release: Cango Inc. Announces Results of Extraordinary General Meeting

Cango Swings to Q1 Loss, Revenue Increases

MT Newswires Live

Cango Q1 GAAP EPS $(0.28) Down From $0.12 YoY, Sales $145.23M Up From $8.92M YoY

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Reports June 2025 Bitcoin Production Update and Expands Hashrate to 50 EH/s","url":"https://stock-news.laohu8.com/highlight/detail?id=2548008803","media":"Reuters","labels":["dataReport","express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2548008803?lang=en_us&edition=fundamental","pubTime":"2025-07-01 18:36","pubTimestamp":1751366219,"startTime":"0","endTime":"0","summary":"Cango Inc. has released its production update for its cryptomining business for June 2025. The company reported producing 450 Bitcoins in June, a decrease from the 484.5 Bitcoins produced in May 2025, with an average production rate of 15.00 Bitcoins per day compared to 15.63 in the previous month. As of the end of June, Cango held a total of 3,879.2 Bitcoins, up from 3,429.3 at the end of May. The company did not report any Bitcoin sales for either month. The deployed hashrate remained steady at 32 EH/s, while the average operating hashrate showed a slight increase from 29.86 EH/s in May to 29.92 EH/s in June. Additionally, Cango completed its acquisition of on-rack cryptomining machines with a total hashrate of 18 Exahash per second on June 27, 2025, bringing its total hashrate to 50 EH/s.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDL8ztN5J:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport,express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","BK4214","BK4600","CANG"],"gpt_icon":0},{"id":"2546717886","title":"Cango Inc. Completes Acquisition of Crypto Mining Assets, Golden TechGen Becomes Major Shareholder","url":"https://stock-news.laohu8.com/highlight/detail?id=2546717886","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2546717886?lang=en_us&edition=fundamental","pubTime":"2025-06-27 18:30","pubTimestamp":1751020219,"startTime":"0","endTime":"0","summary":"Cango Inc. has announced the completion of its acquisition of cryptomining assets with a total hashrate of 18 Exahash per second. This transaction was finalized through the issuance of 146,670,925 Class A ordinary shares to the sellers, with Golden TechGen Limited becoming the largest seller, now holding approximately 19.85% of Cango's total outstanding shares. Collectively, all sellers now own about 41.38% of the company's total shares. The cryptomining machines acquired are operational and hosted in data centers, mainly in the U.S., and will remain in their current locations. This acquisition is expected to bolster Cango's growth in the cryptoasset industry.Disclaimer: This news brief was created by Public Technologies  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 orig","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250627:nNDLc08y4K:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4600","BK4214","CANG","BK4122"],"gpt_icon":0},{"id":"2545049002","title":"Cango Inc. Announces Fourth Amendment to Crypto Mining Assets Acquisition Agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2545049002","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2545049002?lang=en_us&edition=fundamental","pubTime":"2025-06-23 18:00","pubTimestamp":1750672830,"startTime":"0","endTime":"0","summary":"Cango Inc. has announced a fourth amendment to its On-Rack Sales and Purchase Agreement for the acquisition of cryptomining machines with a total hashrate of 18 Exahash per second. The amendment, which modifies the distribution of hashrate among sellers Golden TechGen Limited, Fortune Peak Limited, and Silver Crest Limited, also adjusts the allocation of Class A ordinary shares and potential bonus shares to these sellers. The closing of this share-settled transaction is contingent upon certain conditions being met, and there is no guarantee that these will be satisfied by the expected closing date. Upon closure, Golden TechGen Limited is anticipated to hold approximately 19.85% of Cango's total outstanding shares.Disclaimer: This news brief was created by Public Technologies  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, inv","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDL5PTLmD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","BK4600","BK4214","CANG"],"gpt_icon":0},{"id":"2544988389","title":"Cango Inc. Shareholders to Vote on Ratification of Securities Purchase Agreement at Upcoming Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2544988389","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2544988389?lang=en_us&edition=fundamental","pubTime":"2025-06-17 04:06","pubTimestamp":1750104380,"startTime":"0","endTime":"0","summary":"Cango Inc. has scheduled an Extraordinary General Meeting of Shareholders for July 17, 2025, at 2 p.m. in Hong Kong. The meeting will address a proxy proposal related to a Securities Purchase Agreement with Eagle Central Holding Limited and Traveler Enterprise Limited. Shareholders are encouraged to review the proxy materials and either attend the meeting in person or submit their vote via proxy. The Board of Directors is actively soliciting proxies to ensure comprehensive participation in the decision-making process.Disclaimer: This news brief was created by Public Technologies  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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Secur","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250616:nNDL8fyWY:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0128525929.USD","LU1883839398.USD","BK4122","LU0965509283.SGD","LU0792757196.USD","IE0034235071.USD","LU1019632923.USD","LU0109981661.USD","CANG","LU1035777561.USD","LU0861579265.USD","LU1037948541.HKD","LU0175139822.USD","GB00BDT5M118.USD","LU0878866978.SGD","LU0289960550.SGD","LU0345781412.USD","LU0949170426.SGD","LU0211331839.USD","LU2023250504.SGD","LU0048584097.USD","LU0979878070.USD","LU1037948897.HKD","LU1267930813.SGD","LU1267930227.SGD","SHEL.UK","LU0321505868.SGD","LU0788109394.HKD","LU1206713676.USD","LU1894683264.USD","LU0310800965.SGD","LU1098665638.USD","LU0630314457.HKD","LU0068578508.USD","LU0985489474.SGD","LU1489326972.SGD","LU0072461881.USD","LU0654597011.USD","LU0256331488.USD","LU1242518857.USD","LU0128525689.USD","LU0456854461.SGD","LU1069347547.HKD","LU0310800379.SGD","LU1242518931.SGD","LU1829250122.USD","LU1880398554.USD","LU1894683348.USD","LU0029864427.USD","LU0203347892.USD"],"gpt_icon":0},{"id":"2542829315","title":"BRIEF-Cango Pivots To Global Bitcoin Mining After PRC Business Divestiture","url":"https://stock-news.laohu8.com/highlight/detail?id=2542829315","media":"Reuters","labels":["corporation","event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2542829315?lang=en_us&edition=fundamental","pubTime":"2025-06-10 18:34","pubTimestamp":1749551691,"startTime":"0","endTime":"0","summary":"BRIEF-Cango Pivots To Global Bitcoin Mining After PRC Business DivestitureJune 10 (Reuters) - Cango Inc CANG.N:CANGO INC. ACCELERATES STRATEGIC TRANSFORMATION INTO GLOBAL BITCOIN MINING WITH DIVESTITU","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250610:nTUA3KR4NN:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","BK4214","BK4600","CANG"],"gpt_icon":0},{"id":"2542539883","title":"From China Exit to Crypto Core: Revaluing Cango","url":"https://stock-news.laohu8.com/highlight/detail?id=2542539883","media":"格隆汇","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2542539883?lang=en_us&edition=fundamental","pubTime":"2025-06-10 15:10","pubTimestamp":1749539457,"startTime":"0","endTime":"0","summary":"From China Exit to Crypto Core: Revaluing Cango","market":"sg","thumbnail":"https://img7.gelonghui.com/column/2/136.png?guru_height=540&guru_width=375","type":0,"news_type":0,"thumbnails":["https://img7.gelonghui.com/column/2/136.png?guru_height=540&guru_width=375"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.gelonghui.com/p/2303655","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"gelonghui_highlight","symbols":["GT","BK4596","03439","BK1611","BK4119","BK4214","BK4588","09008","BK4122","BK4547","BK4601","CORZ","09042","BK4608","BK4516","83042","BK4585","CANG","BK4023","BK4595","09439","03042","BK4594","BK4600","03008","BK4116"],"gpt_icon":1},{"id":"2540062936","title":"Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2540062936","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540062936?lang=en_us&edition=fundamental","pubTime":"2025-06-04 22:59","pubTimestamp":1749049154,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts were higher on Wednesday morning, up 1.3% to 2,288.61 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by beverage company Chagee  and bitcoin miner Cango , which advanced 5.6% and 5.5%, respectively.They were followed by e-commerce and tech giant Alibaba , which climbed 3.1%.The decliners from North Asia were led by education technology company Ambow Education  and financial technology firm AMTD Digital , which fell 2.9% and 1.9% respectively.From South Asia, the gainers were led by housing finance company HDFC Bank , which rose 1%.The decliners from South Asia were led by consulting and IT services company Infosys , which was shedding 0.4%.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"b05599561d8e1f97e03ae1f0b3a117e1","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4526","AFG","09988","LU0528227936.USD","BK4538","LU1880383366.USD","BK4575","LU1854103824.USD","LU1051768304.USD","BK4535","BK4566","LU0541502299.USD","LU0862451753.SGD","BK4117","CANG","LU0072462343.USD","SG9999014005.SGD","LU0348814723.USD","HDB","LU1048588211.SGD","LU0128525689.USD","LU1805238398.USD","IE00BFMHRM44.USD","LU0348767384.USD","LU0651946864.USD","INFY","LU1242518931.SGD","LU0390134368.USD","BK4548","LU0287143357.SGD","LU1688375341.USD","BABA","ALBmain","LU0197773673.USD","BK4554","LU1152091168.USD","LU1267930656.SGD","LU0067412154.USD","LU0310800965.SGD","LU0531971678.HKD","LU1282648689.USD","BK4614","BK4534","LU0708995666.HKD","LU2087589342.USD","CHA","AMBO","LU1048596156.SGD","HKD","BK4505"],"gpt_icon":1},{"id":"2540052095","title":"BRIEF-Cango Inc - Enters Third Amendment For Crypto Mining Assets Acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=2540052095","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540052095?lang=en_us&edition=fundamental","pubTime":"2025-06-04 18:19","pubTimestamp":1749032348,"startTime":"0","endTime":"0","summary":"BRIEF-Cango Inc - Enters Third Amendment For Crypto Mining Assets AcquisitionJune 4 (Reuters) - Cango Inc CANG.N:CANGO INC - ENTERS THIRD AMENDMENT FOR CRYPTO MINING ASSETS ACQUISITIONCANGO INC - TO I","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nFWN3S70BQ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CANG","BK4122","BK4214","BK4600"],"gpt_icon":0},{"id":"2540205487","title":"Cango Inc. Announces New Shareholder Agreement and Change of Control at GT","url":"https://stock-news.laohu8.com/highlight/detail?id=2540205487","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540205487?lang=en_us&edition=fundamental","pubTime":"2025-06-04 18:00","pubTimestamp":1749031234,"startTime":"0","endTime":"0","summary":"HONG KONG, June 4, 2025 - Cango Inc.  has announced a significant update to its shareholder structure with the third amendment to its On-Rack Sales and Purchase Agreement, originally signed on November 6, 2024. The amendment pertains to the acquisition of cryptomining machines, settled through the issuance of Class A ordinary shares. Upon completion, Enduring Wealth Capital Limited will hold approximately 2.82% of Cango's total outstanding shares and 36.74% of the total voting power. Meanwhile, the company's co-founders, Mr. Xiaojun Zhang and Mr. Jiayuan Lin, will collectively hold 18.54% of the shares and 12.07% of the voting power. Additionally, GT will hold 18.79% of shares and 12.23% of voting power. The amendment also involves the issuance of 146,670,925 Class A shares and potentially 97,780,616 bonus shares depending on certain conditions. Following a change in GT's ownership, Mr. Ning Wang will now exercise director nomination and appointment rights.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDL4ZkDFT:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4214","CANG","BK4600","BK4122"],"gpt_icon":0},{"id":"2540708820","title":"Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2540708820","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540708820?lang=en_us&edition=fundamental","pubTime":"2025-06-03 22:54","pubTimestamp":1748962461,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts were slightly lower Tuesday morning, declining 0.1% to 2,252.1 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by tech company Xunlei  and fintech firm Highest Performances , which rose 4.7% and 4.2% respectively. They were followed by automotive marketplace Cango , which increased 3%.The decliners from North Asia were led by diagnostic imaging centers company Concord Medical Services  and consumer lending firm Eason Technology , which fell 4.8% and 4.5% respectively. They were followed by video-sharing platform Bilibili  and media company Phoenix New Media , which lost 3.2% and 2.7% respectively.From South Asia, the only gainers were IT firm Sify Technologies  and tech conglomerate Sea , which were up 2% and 0.2% respectively.The decliners from South Asia were led by financial services company ICICI Bank  and IT firm Wipro , which dropped 1.6% each. They were followed by IT company Infosys  and financia","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["MAAS","BK4566","SG9999002679.SGD","SG9999014013.SGD","LU2279701549.SGD","LU0499858602.USD","HDB","FENG","LU1267930656.SGD","IE0034224299.USD","CCM","LU0210637038.USD","BK4117","LU1242518931.SGD","BK4551","LU1366334651.USD","IBN","LU0516422440.USD","SG9999005177.SGD","LU0431992006.USD","BK4089","LU0181495838.USD","SG9999002620.SGD","BK4107","LU0536402901.SGD","LU2265009873.SGD","LU0390134368.USD","SIFY","CANG","LU0630378429.USD","BK4523","LU0261945553.USD","WIT","XNET","AFG","BK4134","CCM.AU","BK4585","INFY","LU0251143458.SGD","LU2065171311.SGD","BK4509","LU1048596156.SGD","BK4563","LU0264410563.USD","BK4504","DXF","LU0828237940.HKD"],"gpt_icon":1},{"id":"2540778878","title":"BRIEF-Cango Inc - Produces 484.5 Bitcoins In May 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2540778878","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540778878?lang=en_us&edition=fundamental","pubTime":"2025-06-03 18:08","pubTimestamp":1748945289,"startTime":"0","endTime":"0","summary":"BRIEF-Cango Inc - Produces 484.5 Bitcoins In May 2025June 3 (Reuters) - Cango Inc CANG.N:CANGO INC - PRODUCES 484.5 BITCOINS IN MAY 2025Source text: ID:nPn6f1BcBaFurther company coverage: CANG.N ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250603:nFWN3S50ZC:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CANG","BK4600","BK4214","BK4122"],"gpt_icon":0},{"id":"2540382791","title":"Asian Equities Traded in the US as American Depositary Receipts Nudge Lower to Open Week in Monday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2540382791","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540382791?lang=en_us&edition=fundamental","pubTime":"2025-06-02 22:48","pubTimestamp":1748875694,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts opened the week slightly lower Monday morning, declining 0.18% to 2,239.86 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive marketplaces Cango  and financial services company CNFinance , which rose 7% and 6.9% respectively. They were followed by Token Cat  and online education company 51Talk Online Education Group , which were up 5.3% and 2.5% respectively.The decliners from North Asia were led by media company Phoenix New Media  and solar project developer Emeren Group , which fell 5.5% and 3.6% respectively. They were followed by financial services company Shinhan Financial Group  and thin-film liquid display maker LG Display , which dropped 3% and 2.8% respectively.From South Asia, the lone gainer was tech conglomerate Sea , which increased 1.2%.The decliners from South Asia were led by IT firms Infosys  and Wipro , which were down 0.6% and 0.5% respectively. They were followed by pharmac","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0251143458.SGD","BK4535","LPL","RDY.AU","FENG","LU1242518857.USD","INFY","SG9999013460.SGD","RDY","AFG","LU1048596156.SGD","SOL","BK4503","LU0164881194.USD","TC","IBN","LU0231203729.USD","LU0828237940.HKD","LU1102505762.USD","BK4523","CANG","LU0516423174.USD","BK7083","BK4566","COE","SG9999005177.SGD","LU0261945553.USD","LU0516423091.SGD","BK4588","LU0737861269.HKD","SG9999013486.USD","SHG","LU0589944569.HKD","SOL.AU","LU0532188223.SGD","SG9999002679.SGD","WIT","SHG.AU","LU0791590937.USD","LU0536402901.SGD","IE0034224299.USD","LU0210637038.USD","LU2177674079.SGD","LU0261950470.USD","LU1868838027.USD","CNF","LU1805238398.USD","SG9999006266.SGD","LU2008162690.USD"],"gpt_icon":1},{"id":"2540548764","title":"Cango Inc. Announces Shareholder Agreement with Founders and EWCL for $70 Million Resale Transaction","url":"https://stock-news.laohu8.com/highlight/detail?id=2540548764","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2540548764?lang=en_us&edition=fundamental","pubTime":"2025-06-02 18:04","pubTimestamp":1748858682,"startTime":"0","endTime":"0","summary":"Cango Inc. has announced a definitive agreement with its co-founders and Enduring Wealth Capital Limited  regarding a significant shareholder transaction. The agreement involves the sale of 10 million Class B ordinary shares by the co-founders to EWCL for $70 million, with $15 million contingent on certain conditions. This move follows a preliminary letter of intent from EWCL and the disposal of Cango's business in China. The deal includes provisions to maintain the voting power of the shares and a restructuring of the board and management. Shareholder approval is required, and the transaction's completion depends on meeting various conditions. If successful, EWCL could hold significant voting power in the company.Disclaimer: This news brief was created by Public Technologies  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, in","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL6drss:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CANG","BK4600","BK4214","BK4122"],"gpt_icon":0},{"id":"2539256252","title":"Cango Inc. Completes Sale of PRC Business for $351.94 Million, Accelerates Global Bitcoin Mining Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2539256252","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2539256252?lang=en_us&edition=fundamental","pubTime":"2025-05-29 18:00","pubTimestamp":1748512841,"startTime":"0","endTime":"0","summary":"Cango Inc. , a rapidly expanding leader in Bitcoin mining, has completed the sale of its PRC Business to Ursalpha Digital Limited for approximately US$351.94 million in cash. This strategic divestment, which concluded on May 27, 2025, allows Cango to fully dedicate its resources to enhancing its global leadership in the Bitcoin mining industry. The company plans to rapidly expand its Bitcoin mining operations across North America, the Middle East, South America, and East Africa. As part of this transformative shift, Cango has also strengthened its Board of Directors with the appointment of two new members, effective May 27, 2025, bringing expertise in Fintech, AI, Web 3.0, and global capital markets.Disclaimer: This news brief was created by Public Technologies  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 le","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDL61mHWz:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4600","BK4122","CANG","BK4214"],"gpt_icon":0},{"id":"2538242465","title":"Press Release: Cango Inc. Announces Closing of PRC Business Disposal and Certain Changes to Board of Directors and Senior Management","url":"https://stock-news.laohu8.com/highlight/detail?id=2538242465","media":"Dow Jones","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2538242465?lang=en_us&edition=fundamental","pubTime":"2025-05-27 20:00","pubTimestamp":1748347200,"startTime":"0","endTime":"0","summary":"SHANGHAI, May 27, 2025 /PRNewswire/ -- Cango Inc.   today announced that it has completed the previously announced disposal of all of its business in the PRC . The Company announced on April 3, 2025 that it entered into definitive agreements to sell its PRC Business to Ursalpha Digital Limited  for a total consideration of approximately US$351.94 million in cash , and announced on May 16, 2025 that its shareholders approved the PRC Business Disposal. All closing conditions for the PRC Business Disposal were satisfied or waived and the transaction was closed on May 27, 2025.Concurrently with closing of the PRC Business Disposal, the Company entered into a waiver and amendment agreement pursuant to which the Purchaser irrevocably waived its right to request the reversal of the PRC Business Disposal under certain circumstances as provided in the original agreements for the PRC Business Disposal, and the parties also waived or amended certain related provisions.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["JFU","SES.SI","BK4077","CANG","BK4600","BK4214","BK4122"],"gpt_icon":0},{"id":"2536688756","title":"Cango Inc. Announces Plans to Secure Favorable Mining Contracts, Explore Self-Operation, Invest in Clean Energy, Offer Digital Financial Services, and Develop Used Car Platform","url":"https://stock-news.laohu8.com/highlight/detail?id=2536688756","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2536688756?lang=en_us&edition=fundamental","pubTime":"2025-05-19 18:28","pubTimestamp":1747650508,"startTime":"0","endTime":"0","summary":"Cango Inc. Announces Plans to Secure Favorable Mining Contracts, Explore Self-Operation, Invest in Clean Energy, Offer Digital Financial Services, and Develop Used Car Platform. Cango Inc., a leader in Bitcoin mining, has outlined its strategic plans aimed at enhancing its operational flexibility and future growth. The company intends to secure more favorable mining contracts and explore the self-operation of its fleet of mining equipment. Additionally, Cango is considering investments in low-cost, clean energy projects in the Middle East and Australia. The company also plans to offer various digital financial services and further develop its \"asset light\" used car platform. These initiatives are part of Cango's efforts to solidify its position in the market and drive long-term growth.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for in","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDL9xLnM6:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CANG","BK4600","BK4122","BK4214"],"gpt_icon":0},{"id":"2535644243","title":"Press Release: Cango Inc. Announces Results of Extraordinary General Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2535644243","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535644243?lang=en_us&edition=fundamental","pubTime":"2025-05-16 18:00","pubTimestamp":1747389600,"startTime":"0","endTime":"0","summary":"SHANGHAI, May 16, 2025 /PRNewswire/ -- Cango Inc.   today announced that all resolutions presented to the shareholders at its extraordinary general meeting held on May 16, 2025  were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 80% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.With the passage of these resolutions, the shareholders of the Company approved the Company's entry into the definitive agreements to sell its existing business in the PRC to Ursalpha Digital Limited, a company incorporated under the laws of the British Virgin Islands, for a total consideration of approximately US$351.94 million in cash as announced by the Company on April 3, 2025. The shareholders also approved certain procedural matters and authorized directors and officers of the Company to take necessary actions to effect the resolutions made in the Extraordinary General Meeting.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","CANG","BK4214","BK4600"],"gpt_icon":0},{"id":"2535588557","title":"Cango Swings to Q1 Loss, Revenue Increases","url":"https://stock-news.laohu8.com/highlight/detail?id=2535588557","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535588557?lang=en_us&edition=fundamental","pubTime":"2025-05-15 05:32","pubTimestamp":1747258331,"startTime":"0","endTime":"0","summary":"Cango  reported a Q1 adjusted net loss late Wednesday of 2 renminbi  per diluted American depositary share, compared with net income of 0.80 renminbi a year earlier.One analyst polled by FactSet expected earnings of 0.95 renminbi.Revenue in the three months ended March 31 surged to 1.1 billion renminbi from 64.4 million renminbi a year earlier, boosted by bitcoin mining.Two analysts surveyed by FactSet expected 1.08 billion renminbi.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CANG"],"gpt_icon":0},{"id":"2535288388","title":"Cango Q1 GAAP EPS $(0.28) Down From $0.12 YoY, Sales $145.23M Up From $8.92M YoY","url":"https://stock-news.laohu8.com/highlight/detail?id=2535288388","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535288388?lang=en_us&edition=fundamental","pubTime":"2025-05-15 05:02","pubTimestamp":1747256546,"startTime":"0","endTime":"0","summary":"Cango (NYSE:CANG) reported quarterly losses of $(0.28) per share. This is a 333.33 percent decrease over earnings of $0.12 per share from the same period last year.  The company reported $145.23 million in sales this","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/25/05/45422759/cango-q1-gaap-eps-0-28-down-from-0-12-yoy-sales-145-23m-up-from-8-92m-yoy","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CANG"],"gpt_icon":0}],"pageSize":20,"totalPage":4,"pageCount":3,"totalSize":77,"code":"91000000","status":"200"}]}}