CANG
CangoCANG
CANG
About: Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.
Employees: 632
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
296% more capital invested
Capital invested by funds: $9.93M [Q3] → $39.3M (+$29.4M) [Q4]
260% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 5
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
54% more funds holding
Funds holding: 24 [Q3] → 37 (+13) [Q4]
2.45% more ownership
Funds ownership: 4.13% [Q3] → 6.58% (+2.45%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for CANG.
Financial journalist opinion
Based on 10 articles about CANG published over the past 30 days
Neutral
PRNewsWire
1 day ago
Cango Inc. Announces March 2025 Production Update for Crypto Mining Business
SHANGHAI , April 1, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025. Bitcoin Mining Update for March 2025 Metrics Mar 2025 1 Feb 2025 1 Number of Bitcoins produced 530.1 472.7 Average number of Bitcoins produced per day 17.1 16.9 Total number of Bitcoins held 2 2,474.8 1,944.7 Total number of Bitcoins sold 2 - - Deployed hashrate 2 32 EH/s 32 EH/s Average operating hashrate 3 30.3 EH/s 29.7 EH/s 1.
Neutral
PRNewsWire
6 days ago
Cango Inc. Presents Key Highlights of Its Filed Annual Report
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced key highlights from its filed annual report, marked by a successful pivot towards cryptocurrency mining and significant operational milestones, including securing its position as the third-largest publicly traded miner globally and a 400% year-over-year revenue increase. Fourth Quarter & Full Year 2024 Financial Performance The Company achieved total revenues of RMB668.0 million (US$91.5 million) in Q4 2024, reflecting a 400% year-over-year increase.
Neutral
PRNewsWire
6 days ago
Cango Inc. Filed Its Annual Report on Form 20-F
SHANGHAI , March 27, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on March 27, 2025, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or the SEC's website at www.sec.gov.
Neutral
PRNewsWire
1 week ago
Cango Inc. Announces Extension of Deadline to Close Share-Settled Crypto Mining Assets Acquisitions
SHANGHAI , March 26, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced an extension of the deadline to close its proposed acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second ("EH") through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions"). The Company announced signing of the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") for the Share-Settled Transactions on November 6, 2024, which contemplated closing of the Share-Settled Transactions by March 31, 2025 (the "Long Stop Date").
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
SHANGHAI , March 18, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Joins Bitwise Bitcoin Standard Corporations ETF
SHANGHAI , March 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Announces Receipt of a Preliminary Non-Binding Letter of Intent and Formation of Special Committee
SHANGHAI , March 14, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that its Board of Directors (the "Board") recently received a preliminary non-binding letter of intent (the "Letter of Intent") from Enduring Wealth Capital Limited, a company established in the British Virgin Islands ("EWCL") expressing its non-binding intent to obtain control of the Company through the following proposed transactions: (i) EWCL proposes to acquire 10,000,000 Class B ordinary shares of the Company from the Company's co-founders, Mr. Xiaojun Zhang and Mr.
Neutral
PRNewsWire
2 weeks ago
Cango Inc. Announces Up to US$30 Million New Share Repurchase Program
SHANGHAI , March 13, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced that its board of directors has authorized a new share repurchase program (the "New Share Repurchase Program") under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from, April 25, 2025. The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, in accordance with applicable rules and regulations.
Neutral
Seeking Alpha
3 weeks ago
Cango Inc. (CANG) Q4 2024 Earnings Call Transcript
Cango Inc. (NYSE:CANG ) Q4 2024 Results Earnings Conference Call March 6, 2025 8:00 PM ET Company Participants Jiayuan Lin - Founder and Chief Executive Officer Yongyi Zhang - Chief Financial Officer Conference Call Participants Pingyue Wu - CITIC Securities Emerson Zhao - Goldman Sachs Ming Zi Cai - Minsheng Securities Operator Good morning and good evening, everyone. Welcome to Cango, Inc.'s fourth quarter and full year 2024 earnings conference call.
Neutral
PRNewsWire
3 weeks ago
Cango Inc. Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results
SHANGHAI , March 6, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin mining company with an automotive transaction service in China, today announced its unaudited financial results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Financial and Operational Highlights Total revenues were RMB668.0 million (US$91.5 million), a substantial increase from RMB130.2 million in the same period of 2023.
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