Cango inc. announces third amendment to share-settled crypto mining assets acquisitions

Hong kong , june 4, 2025 /prnewswire/ -- cango inc. (nyse: cang) ("cango" or the "company") today announced that it has entered into the third amendment (the "third amendment") to the on-rack sales and purchase agreement (the "purchase agreement") dated november 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 exahash per second through issuance of class a ordinary shares of the company to the sellers (the "share-settled transactions"). the company announced signing of the purchase agreement on november 6, 2024, and amendments to the agreement on march 26, 2025 and april 3, 2025.
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