Pioneering the Future of Digital Economy

SHANGHAI, April 3, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into definitive agreements to sell its existing business in the PRC (the “PRC Business”) to Ursalpha Digital Limited, a company incorporated under the laws of British Virgin Islands (the “Purchaser”), for a total consideration of approximately US$351.94 million in cash (with initial payment of approximately US$210.64 million on the cloisng date and the remaining amount to be paid subject to the Company's fulfillment of certain tax filing and payment obligations and in quarterly installments based on reduction in the credit risk exposure, as of February 28, 2025, of the legal entities sold to the Purchaser due to outstanding balance of loans facilitated and financing leasing originated by these entities) (the “PRC Business Disposal”).

SHANGHAI, April 1, 2025 -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced its production update for crypto mining business in March 2025. Cango Inc. Bitcoin Mining Update for March 2025: 530.1 Bitcoins were produced in March....

SHANGHAI, March 27, 2025 -- 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.

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").