Cango Inc. (CANG) Announces Definitive Agreement with Founders and EWCL

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Go back to Cango Inc. (CANG) Announces Definitive Agreement with Founders and EWCL

Cango Inc. (CANG) Completes PRC Business Sale, Strengthens Board to Drive Global Bitcoin Focus

May 29, 2025 6:17 AM EDT

Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the "PRC Business"), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on... More