HONGKONG, 11. August 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) („Cango" oder das „Unternehmen") gab heute den Erwerb einer voll funktionsfähigen 50-MW-Mining-Anlage im US-Bundesstaat Georgia für insgesamt 19,5 Mio. US-Dollar in bar bekannt. Dies ist ein entscheidender Schritt, der den Übergang des Unternehmens zu einer diversifizierten Strategie markiert, die ein robustes Portfolio von Bitcoin-Mining- und Energieinfrastrukturen verwaltet.

Diese Transaktion ist der erste Schritt von Cango, um sein Portfolio an eigenen und selbst betriebenen Mining-Anlagen stetig zu erweitern. Durch den gezielten Erwerb kostengünstiger Stromerzeugungsanlagen will Cango die betriebliche Effizienz, die Kostendisziplin und die langfristige finanzielle Stabilität verbessern und gleichzeitig die Grundlage für eine fortschrittlichere Energiestrategie für die Zukunft schaffen.

HONGKONG  , 5. August 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) („Cango" oder das „Unternehmen") hat heute sein Update zur Bitcoin-Produktion und zum Mining-Betrieb für Juli 2025 veröffentlicht.

Bitcoin Mining Produktion und Mining Operations Update für Juli 2025

Metrik

Juli 2025 1

Juni 2025 1

Anzahl der produzierten Bitcoin

650,5

450,0

Durchschnittliche Anzahl der pro Tag produzierten Bitcoin

20,99

15,00

Gesamtzahl der gehaltenen Bitcoin 2

4.529,7

3.879,2

Eingesetzte Hash-Rate

50 EH/s

32 EH/s

Durchschnittliche Betriebs-Hash-Rate 3

 40,91 EH/s

 29,92 EH/s

HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

 40.91 EH/s

 29.92 EH/s

HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

 40.91 EH/s

 29.92 EH/s

HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

 40.91 EH/s

 29.92 EH/s

HONG KONG, Aug. 5, 2025 /CNW/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today published its Bitcoin production and mining operations update for July 2025.

Bitcoin Mining Production and Mining Operations Update for July 2025

Metric

July 2025 1

June 2025 1

Number of Bitcoin produced

650.5

450.0

Average number of Bitcoin produced per day

20.99

15.00

Total number of Bitcoin held 2

4,529.7

3,879.2

Deployed hashrate

50 EH/s

32 EH/s

Average operating hashrate 3

 40.91 EH/s

 29.92 EH/s

HONGKONG, 23. Juli 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) gab heute seine Umwandlung in einen globalen Bitcoin-Miner bekannt. Dazu wurden ein neuer Vorstand (der „Vorstand") und eine Führungsmannschaft mit umfassender Expertise in den Bereichen digitale Infrastruktur, Finanzen und Energieinvestitionen ernannt.

Am 23. Juli 2025 ernannte der Vorstand (i) Herrn Xin Jin zum Vorstandsvorsitzenden und nicht geschäftsführenden Direktor, (ii) Herrn Peng Yu zum CEO und Director, (iii) Herrn Chang-Wei Chiu zum Director, (iv) Herrn Yongyi Zhang zum CFO und (v) Herrn Simon Ming Yeung Tang zum CIO. Zur Stärkung der Unternehmensführung ernannte der Vorstand außerdem (i) Herrn Chi Ming Lee, unabhängiges Verwaltungsratsmitglied, zum Mitglied des Vergütungsausschusses und des Nominierungs- und Corporate-Governance-Ausschusses, (ii) Herrn Yanjun Lin, unabhängiges Verwaltungsratsmitglied, zum Vorsitzenden des Vergütungsausschusses und Mitglied des Nominierungs- und Corporate-Governance-Ausschusses und (iii) Herrn Haitian Lu zum Vorsitzenden des Nominierungs- und Corporate-Governance-Ausschusses und Mitglied des Vergütungsausschusses. Der Vorstand hat außerdem die Rücktritte von Herrn Xiaojun Zhang als Director und Chairman sowie von Herrn Jiayuan Lin als CEO, Interim-CFO und Director. Alle Änderungen sind sofort wirksam.

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, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.

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, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.

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, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.

HONG KONG, July 23, 2025 /CNW/ -- 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, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately.

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 Director, (iv) Mr. Yongyi Zhang as Chief Financial Officer, and (v) Mr. Simon Ming Yeung Tang as Chief Investment Officer. To strengthen governance, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. Concurrently, the Board accepted the resignations of Mr. Xiaojun Zhang, who stepped down as Director and Chairman of the Board, and Mr. Jiayuan Lin, who resigned as Chief Executive Officer, Interim Chief Financial Officer and Director. All appointments and resignations are effective immediately.

HONG KONG, July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.

The approved resolutions authorize significant actions, including the execution and performance of a Securities Purchase Agreement (SPA) dated June 2, 2025, for the secondary sale of 10 million Class B ordinary shares by co-founders Mr. Xiaojun Zhang and Mr. Jiayuan Lin to Enduring Wealth Capital Limited for US$70 million. This includes the repurchase of automatically converted Class A ordinary shares and the issuance of an equivalent number of Class B ordinary shares. Additionally, shareholders approved an increase in the Company's authorized share capital to support future financing and corporate needs, as well as the adoption of the Fourth Amended and Restated Memorandum and Articles of Association to reflect the updated share capital structure.

HONG KONG, July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.

HONG KONG, July 17, 2025 /CNW/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.

HONG KONG, July 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that all resolutions presented to shareholders at its extraordinary general meeting held on July 17, 2025 (the "Second Extraordinary General Meeting") were duly passed. Each was approved by no less than 99.3% of the total votes cast, and no less than 81% of the votes cast by non-affiliate shareholders of the Company were in favor of each of the resolutions.

HONG KONG, July 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in June 2025.

Bitcoin Mining Update for June 2025

Metrics

June 2025 1

May 2025 1

Number of Bitcoins produced

450.0

484.5

Average number of Bitcoins produced per day

15.00

15.63

Total number of Bitcoins held 2

3,879.2

3,429.3

Total number of Bitcoins sold 2

-

-

Deployed hashrate

32 EH/s

32 EH/s

Average operating hashrate 3

 29.92 EH/s

29.86 EH/s

1.  Unaudited, estimated.

2.  As of month-end.

3.  Average over the month.

HONG KONG, June 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has completed the previously announced acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of 146,670,925 Class A ordinary shares of the Company to the sellers in proportion to the aggregate hashrate of the machines sold by each seller (the "Share-Settled Transactions").

HONG KONG, June 23, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the fourth amendment (the "Fourth Amendment") to the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") dated November 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions").

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.