Cango Inc. Announces Agreements to Acquire Crypto Mining Assets
Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (CANG)
Last cango inc. american depositary shares, each representing two (2) class a ordinary shares earnings: 3/23 04:30 pm
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Source: PR Newswire
SHANGHAI, Nov. 6, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has entered into agreements to purchase on-rack crypto mining machines with an aggregate hashrate of 50 Exahash per second ("EH") for total considerations valued at approximately US$400 million from a group of sellers. The largest seller will be Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, "Bitmain"), a leading manufacturer of digital currency mining servers, and the Company has agreed to purchase from Bitmain on-rack crypto mining machines with an aggregate hashrate of 32EH for a total purchase price of US$256 million in cash (the "Cash-Settled Transaction"). The Company has also agreed to purchase the remaining on-rack crypto mining machines with an aggregate hashrate of 18EH from Golden TechGen Limited ("GT"), a company incorporated under the laws of the British Virgin Island
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CANG
News
- Cango Inc. Announces November 2024 Production Update for Crypto Mining BusinessPR Newswire
- Cango And 2 Other Promising US Penny Stocks [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Change of Independent Registered Public Accounting Firm [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Change of Independent Registered Public Accounting FirmPR Newswire
- Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining AssetsPR Newswire
CANG
Sec Filings
- 12/19/24 - Form 144
- 12/19/24 - Form 144
- 12/19/24 - Form 144
- CANG's page on the SEC website