Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China.
Founded in 2010 and listed on the NYSE in 2018, Cango has long been a key player in China’s automotive industry. Early on, the Company made a strategic investment in Li Auto, expanding into NEVs and renewable energy. Post-pandemic credit tightening prompted Cango’s pivot from auto financing to new and used car trading.
By 2022, the Company deepened its focus on energy projects while capitalizing on the AI-driven computing power boom—solidifying its shift toward "energy + computing power". Recognizing Bitcoin mining’s potential in grid balancing and excess energy utilization, Cango acquired 32 EH/s deployed miners in November 2024, swiftly establishing itself in the sector.
Cango Inc. has offices in Hong Kong and Shanghai, China. The detailed addresses are:
Hong Kong Office
Room 2605, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong, People’s Republic of China.
Shanghai Office
8F, New Bund Oriental Plaza II, 556 West Haiyang Road, Pudong New Area, Shanghai 200124, People’s Republic of China.
Cango Inc.'s fiscal year ends on December 31.
Cango Inc.’s American Depositary Shares (ADSs) have been listed on the New York Stock Exchange since July 18, 2018, under the symbol "CANG".
Each ADS of Cango Inc. represents two Class A ordinary shares. Our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Each Class A ordinary share will be entitled to one vote, and each Class B ordinary share will be entitled to 20 votes and will be convertible into one Class A ordinary share.
Annual reports will be accessed on this website at ir.cangoonline.com or the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.
MaloneBailey, LLP
Simpson Thacher & Bartlett LLP
Citibank, N.A.
Investor Relations Contact
Yihe Liu
Cango Inc.
+86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
Helen Wu
Piacente Financial Communications.
Tel: +86 10 6508 0677
Email: ir@cangoonline.com
