Cango Inc. Completes Cash-Settled Acquisitions of 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. 15, 2024 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second ("EH") for a total purchase price of US$256 million in cash (the "Cash-Settled Transaction") from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, "Bitmain"), a leading manufacturer of digital currency mining servers. The Company announced the Cash-Settled Transaction on November 6, 2024, together with its proposed acquisition of on-rack crypto mining machines with an aggregate hashrate of 18 EH from Golden TechGen Limited and certain other sellers for a total purchase price of approximately US$144 million, which will be paid through issuance of shares to the sellers by the Company (the "Share-Settled Transactions" and together with the Cash-Settl
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CANG
News
- 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. Announces Agreements to Acquire Crypto Mining AssetsPR Newswire
- Cango Inc (CANG) Q3 2024 Earnings Call Highlights: Navigating Revenue Decline with Strategic ... [Yahoo! Finance]Yahoo! Finance
CANG
Sec Filings
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/8/24 - Form 6-K
- CANG's page on the SEC website