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").
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